Active
$4,988,888
15%
Units
8 Beds
7 Baths
3,500 Area(sq.ft.)
Lot: 2,352 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| 0 | $ 0 | $ 0 | $ 0 |
| MLS #: | NP25056815MR |
| Days On Market: | 275 |
| Listing Date: | March 14, 2025 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,425 |
| Year Built: | 2020 |
Property Details
PRICED REDUCED $800k - SELLER FINANCING AVAILABLE. Just $1M down and seller will carry at 3% with interest-only payments. Buyer keeps all rental income (approx. $260K/year) to pay interest payments. Rare low-entry opportunity in prime Newport Beach with immediate cash flow. Newly constructed in 2020, this fully furnished 8-bedroom, 7-bathroom duplex sits at the top of the Balboa Peninsula, directly across from the beach. Includes two transferable short-term rental permits and strong income history. Two thoughtfully designed units: Rear Unit: 5BR / 3.5BA with direct garage access, open-concept kitchen, large bonus room, and rooftop deck with ocean, city, and mountain views. Front Unit: 3BR / 2.5BA with a charming front porch on 32nd Street steps to the sand and ideal for entertaining. Features include AC/heat, parking for 4 cars (2-car garage + 2-car carport), and premium finishes throughout. Walk to Lido Marina Village, the Bayfront, top restaurants, and shops. Quick access to PCH and freeways. Live where you vacation or leverage it as a high-performing income property!Interested in this Listing?
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Income Details
Structure
| Community Features: | Biking, Curbs, Fishing, Hiking, Watersports, Sidewalks, Storm Drains, Street Lights |
| Style: | Contemporary |
| Sewer: | Public Sewer |
| View Description: | City Lights |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Carport, Direct Entrance |
Interior
| Cooking Appliances: | Microwave, Range |
| AC/Cooling: | Electric, Zoned |
| Equipment: | Dishwasher, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Inside, Microwave, Refrigerator, Vented Exhaust Fan |
| Heating: | Forced Air |
| Fireplace Rooms: | None |
| Kitchen Features: | Granite Counters, Stone Counters, Galley Kitchen |
| Laundry: | Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Inside |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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Income
