112 28th Street # A, Newport Beach
$3,500,000 - 6 Beds, 4 BathsMLS® # NP24074981
Beachview, Inc.
2711 Balboa Boulevard, Newport Beach
$3,649,000
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5 Beds
4 Baths
.05 Acre
2 Garages
Discover authentic coastal living in the heart of the picturesque Balboa Peninsula. Located a mere ten homes away from the beach within the famed 100 block, and moments from Newport Beach's radiant sands and shimmering sea, this premier parcel epitomizes flexibility. Your dream beach home is now attainable. Enjoy it when you wish and rent it when you choose. This dual-offering presents a perfect blend of significant income potential and personal beachside luxury. The property, covering nearly 2,474 square feet, features two fully furnished units and has been extensively remodeled and re-piped in 2020, with a new roof added in 2024. Introduced by a private staircase, Unit B radiates elegance and style. With three bedrooms and two bathrooms, it features a spacious dining area and a balcony perfect for BBQ evenings. Boasting dramatic tongue-and-groove vaulted ceilings, sun-filled skylights, charming Dutch entry doors, and custom designer tiles, along with fresh paint and new flooring in 2024, every aspect of this home radiates sophistication. On the ground floor, Unit A is a contemporary gem with an open-plan design. Featuring two bedrooms and two bathrooms, this home is enhanced with upgrades including Nest thermostats, recessed lighting, stainless steel appliances, custom cabinetry, designer subway tile backsplashes, fresh paint (2024), and impeccable countertops. 2711 W Balboa isn't merely a residence; it's a remarkable opportunity. With two short-term rental permits in hand, it boasts a cap rate of approximately 3%, offering considerable upside potential. Situated near iconic beaches, world-class dining, and the renowned Fashion Island Shopping center, this property is both a golden chance for steady income and a beachside paradise. Embrace the flexibility and make the beach both your backyard and your business.
Essential Information
- MLS® #
- NP23179029
- Price
- $3,649,000
- Bedrooms
- 5
- Bathrooms
- 4.00
- Acres
- 0.05
- Year Built
- 1972
- Type
- Residential Income
- Sub-Type
- Duplex
- Status
- Active
Community Information
- Address
- 2711 Balboa Boulevard
- Area
- N8 - West Newport - Lido
- Subdivision
- Lido Peninsula (LIPN)
- City
- Newport Beach
- County
- Orange
- Zip Code
- 92663
Amenities
- Parking Spaces
- 2
- # of Garages
- 2
- View
- Neighborhood
- Pool
- None
Waterfront
Ocean Side Of Freeway, Ocean Side Of Highway
Interior
- Interior
- Vinyl
- Heating
- Forced Air
- Cooling
- Central Air
- Fireplaces
- None
- # of Stories
- 2
- Stories
- Two
Interior Features
Beamed Ceilings, Built-in Features, Balcony, Ceiling Fan(s), High Ceilings, Open Floorplan, Recessed Lighting, Tile Counters, Bedroom on Main Level, Main Level Primary, Walk-In Closet(s)
Appliances
Dishwasher, Freezer, Gas Cooktop, Gas Oven, Microwave, Refrigerator
Exterior
- Exterior Features
- Barbecue
- Lot Description
- Paved
- Windows
- Blinds, Skylight(s)
Additional Information
- Date Listed
- September 11th, 2023
- Days on Market
- 196
Listing Details
- Agent
- Greg Blake
- Co-Agent
- Tim Smith(01346878)
- Office
- Coldwell Banker Realty
LISTING MAP
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Based on information from California Regional Multiple Listing Service, Inc. as of April 28th, 2024 at 1:40pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.