UPDATED:
Key Details
Property Type Townhouse
Sub Type Townhome
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $1,371
MLS Listing ID NP25056815
Style Townhome
Bedrooms 8
Full Baths 5
Half Baths 2
HOA Y/N No
Year Built 2020
Lot Size 2,352 Sqft
Acres 0.054
Property Sub-Type Townhome
Property Description
Welcome to an exceptionally rare opportunity to own a trophy asset in one of the most coveted locations in Newport Beach with an up to 4-year Lease Option to Buy and $260K+ annual rental income from day one. Located at the top of the Balboa Peninsula, just steps from the sand, this newly built 2020 duplex is fully furnished and short-term rental ready complete with two transferable STR permits and a proven income history. Whether youre looking to invest, 1031 exchange, or eventually move in, this property offers low entry, high upside, and total flexibility. The property features two beautifully designed, turnkey units: Rear Unit: 5BR / 3.5BA Private direct access from the 2-car garage, open-concept kitchen and living, large bonus/media room, and a rooftop deck with stunning ocean, city, and mountain views. Front Unit: 3BR / 2.5BA A charming beachside retreat with a welcoming front porch on 32nd Street, perfect for indoor-outdoor living and entertaining. Additional features include central AC & heat, 4-car parking (2-car garage + 2-car carport), and high-end finishes throughout. Just a short stroll to the beach, Lido Marina Village, the Bayfront, local boutiques, coffee shops, and top-tier dining. Fast access to PCH and nearby freeways. Whether you're an investor seeking immediate income and long-term appreciation, or a future homeowner wanting to lock in your dream home today and buy laterthis is a Newport Beach opportunity you dont want to miss.
Location
State CA
County Orange
Area Oc - Newport Beach (92663)
Interior
Interior Features Granite Counters, Recessed Lighting, Stone Counters, Furnished
Cooling Zoned Area(s), Electric
Flooring Linoleum/Vinyl
Equipment Dishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Gas Range
Appliance Dishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Gas Range
Laundry Inside
Exterior
Parking Features Direct Garage Access
Garage Spaces 2.0
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Mountains/Hills, City Lights
Total Parking Spaces 4
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 1-3999 SF
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories 3 Story
Others
Monthly Total Fees $43
Miscellaneous Storm Drains
Acceptable Financing Cash To New Loan
Listing Terms Cash To New Loan
Special Listing Condition Standard
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