Balboa Peninsula (NP) Homes with Duplex Subtype

**Investment Property Opportunity with Value-Added Potential** This property is currently appraised at $4,050,000 (MAI Appraisal). As a short-term rental, the estimated value increases to $4,555,000. Additionally, the large lot has the potential for constructing an Accessory Dwelling Unit (ADU) in the back, which could push the total value of the property to well over $6,000,000. You won’t find other properties on the Peninsula that offer this type of opportunity. This rare investment is just steps from the beach, located in one of Newport Beach’s most desirable coastal communities. It features a two-car garage and offers peak ocean views from the balcony. The property is conveniently situated just a quick drive from all that Orange County has to offer, including: - Pelican Hill Golf and Resort (10 minutes) - John Wayne Airport (10 minutes) - Angel Stadium & Honda Center (15 minutes) - Disneyland (20 minutes) - Knotts Berry Farm (20 minutes) - Laguna Beach (15 minutes) - Huntington Beach Pier (5 minutes) - Newport Harbor Fun Zone (3 minutes) - Fashion Island (5 minutes) - Segerstrom Hall & South Coast Plaza (15 minutes) Furthermore, this property presents an excellent opportunity for use as a primary residence. The upstairs can serve as a living space while the lower unit can be rented out as an income-producing property. Both units are currently rented on a month-to-month basis. Please contact the agent for showings.

4802 Neptune Ave, Newport Beach

$3,995,000

5 Beds ⋅ 3 Baths ⋅ LG26177551 MLS ⋅ Active Status

Listen to the waves crash from your bedroom in this rare to the market beach-close duplex located just one home from the sand, offering an exceptional opportunity for owner occupants, investors, those looking for a vacation house, or those seeking a coastal retreat with income potential. This fully upgraded property features two separate well maintained residences. First a charming front cottage with 2 bedrooms and 1 bathroom. The second unit is an fully upgraded owners home containing 3 bedrooms and 2 bathrooms, complete with New LVP luxury flooring downstairs, new white oak flooring upstairs, the upstairs bathroom is brand new, and the entire property is newly painted. A one-car garage provides convenient parking and storage and a second uncovered parking spot is available in the rear of the property. Both units will rent for top dollar, or keep one for your own use and rent the other for some extra income. These features make 1527 W. Balboa truly one to see! The home is in one of the most desirable locations on the Peninsula, walk west and you are on the beach, walk east and you will find Newport Bay. Also directly across the street you’ll find the marina and Marina Park (perfect for young families), complete with the lighthouse restaurant and its iconic lighthouse, creating picturesque bay views from the property. Enjoy an unbeatable location where both the beach and bay are just steps away, with endless opportunities for boating, paddle boarding, dining, and the quintessential Newport Beach lifestyle.

1527 W Balboa, Newport Beach

$4,050,000

6 Beds ⋅ 4 Baths ⋅ LG26176637 MLS ⋅ Active Status

**Investment Property Opportunity with Value-Added Potential** This property is currently appraised at $4,050,000 (MAI Appraisal). As a short-term rental, the estimated value increases to $4,555,000. Additionally, the large lot has the potential for constructing an Accessory Dwelling Unit (ADU) in the back, which could push the total value of the property to well over $6,000,000. You won’t find other properties on the Peninsula that offer this type of opportunity. This rare investment is just steps from the beach, located in one of Newport Beach’s most desirable coastal communities. It features a two-car garage and offers peak ocean views from the balcony. The property is conveniently situated just a quick drive from all that Orange County has to offer, including: - Pelican Hill Golf and Resort (10 minutes) - John Wayne Airport (10 minutes) - Angel Stadium & Honda Center (15 minutes) - Disneyland (20 minutes) - Knotts Berry Farm (20 minutes) - Laguna Beach (15 minutes) - Huntington Beach Pier (5 minutes) - Newport Harbor Fun Zone (3 minutes) - Fashion Island (5 minutes) - Segerstrom Hall & South Coast Plaza (15 minutes) Furthermore, this property presents an excellent opportunity for use as a primary residence. The upstairs can serve as a living space while the lower unit can be rented out as an income-producing property. Both units are currently rented on a month-to-month basis. Please contact the agent for showings.

4802 Neptune Ave, Newport Beach

$3,995,000

LG26166425 MLS ⋅ Active Status

Listen to the waves crash from your bedroom in this rare to the market beach-close duplex located just one home from the sand, offering an exceptional opportunity for owner occupants, investors, those looking for a vacation house, or those seeking a coastal retreat with income potential. This fully upgraded property features two separate well maintained residences. First a charming front cottage with 2 bedrooms and 1 bathroom. The second unit is an fully upgraded owners home containing 3 bedrooms and 2 bathrooms, complete with New LVP luxury flooring downstairs, new white oak flooring upstairs, the upstairs bathroom is brand new, and the entire property is newly painted. A one-car garage provides convenient parking and storage and a second uncovered parking spot is available in the rear of the property. Both units will rent for top dollar, or keep one for your own use and rent the other for some extra income. These features make 1527 W. Balboa truly one to see! The home is in one of the most desirable locations on the Peninsula, walk west and you are on the beach, walk east and you will find Newport Bay. Also directly across the street you’ll find the marina and Marina Park (perfect for young families), complete with the lighthouse restaurant and its iconic lighthouse, creating picturesque bay views from the property. Enjoy an unbeatable location where both the beach and bay are just steps away, with endless opportunities for boating, paddle boarding, dining, and the quintessential Newport Beach lifestyle.

1527 W Balboa, Newport Beach

$4,995,000

6 Beds ⋅ 7 Baths ⋅ NP26117423 MLS ⋅ Active Status

One house from the boardwalk. Two fully independent residences, built and finished to a single standard of quality, on one of the Balboa Peninsula's most coveted blocks. The primary residence at 419 E Balboa is ground-up newer construction, completed in 2017 across three thoughtfully designed levels. Three bedrooms, four bathrooms, private elevator, and a rooftop deck with open ocean and Balboa Pier views that redefine what it means to live on the Peninsula. The upper-level living space opens seamlessly to the outdoors, offering light, air, and water in every direction. This is a well-executed home perfectly positioned just one house from the boardwalk. The second residence at 417 E Balboa is a completely renovated three-bedroom, three-bathroom home with a private office, rebuilt and refreshed to a high standard. It features hardwood floors on the upper level, luxury porcelain tile on the lower, spacious bedrooms, an office, and a main-level primary bedroom. Fully independent and turnkey, 417's existing layout—with dual living areas, a full kitchen, and a kitchenette across its two levels—lends itself naturally to a range of income strategies, including ADU conversion on the lower level potentially creating a multi-unit rental opportunity. The property is also zoned for short term rentals, with permit availability subject to the City's current waitlist. Together: 6 bedrooms, 7 bathrooms, across over 3,450 interior square feet with ample parking— a genuine rarity on the Peninsula — and a location one house from the boardwalk. The primary residence delivers the lifestyle. The second delivers the flexibility. That combination, at this location, doesn't come around often.

419 E Balboa, Newport Beach

$5,650,000

5 Beds ⋅ 5 Baths ⋅ OC26118742 MLS ⋅ Active Status

MOTIVATED SELLER, WILL CONSIDER ALL REASONABLE OFFERS! Experience the oceanfront lifestyle of the Balboa Peninsula from this remodeled duplex, with views of the Pacific Ocean, Catalina Island, and Newport Pier. The property offers two residences, each with its own kitchen, living area, balcony, indoor laundry, attached garage, plus additional parking spaces. The property may offer potential for a third-level accessory dwelling unit (ADU) and/or a mixed-use configuration with retail on ground floor, subject to applicable zoning and City approval. Buyer to independently verify permitted uses and the feasibility of any proposed additions or alterations with the City of Newport Beach. First Floor Unit: Open-concept living area with kitchen and balcony, featuring 3 bedrooms and 2 bathrooms, one car garage plus one extra space. Second Floor Unit: Open-concept living area with kitchen, balcony, and private rear patio, featuring 2 bedrooms and 3 bathrooms, one car garage plus one extra space. Large windows and sliding glass doors bring natural light into both units and frame the coastal views. Recent improvements include a new roof and updated interiors with modern finishes. Located near Newport Beach Pier, Lido Marina Village, Balboa Pier, the Balboa Island Ferry Fun Zone, waterfront dining, shopping, surfing, paddleboarding, boating, and the Peninsula’s bike paths within easy reach. Its two-unit layout offers flexibility for personal use, rental income, or a combination of both. Rear patio furniture and the proposed third-level ADU shown in marketing materials are renderings for illustration only and do not depict existing improvements or City approvals.

2212 W Oceanfront, Newport Beach

$4,995,000

5 Beds ⋅ 4 Baths ⋅ NP26099892 MLS ⋅ Active Status

Extensively remodeled in 2021, this exceptional Balboa Peninsula duplex blends refined coastal design with thoughtful modern living just moments from the sand, bay, and Marina Park. Striking coastal-modern architecture showcases crisp white brick, expansive glass, custom steel bifold doors, black metal accents, warm wood detailing, and casement windows thoughtfully designed to maximize natural light and ocean breezes throughout. Inside, both residences feature 9-inch-wide DuChâteau Atelier hardwood flooring, custom beadboard and wainscoting, Serena & Lily wallpaper accents, custom built-ins, and designer lighting. The lower residence offers two bedrooms and two full bathrooms, while the upper residence features three bedrooms, two full bathrooms, and a spacious covered entertaining deck complete with custom shade structure, gas and water hookups, and seamless indoor-outdoor flow. Multiple fireplaces, custom media cabinetry, motorized Hunter Douglas shades, integrated smart home features, and custom built-in elements further elevate the living experience throughout both units. Both kitchen and bath spaces have been extensively customized with premium finishes and designer materials, including Thermador appliances, quartzite and quartz countertops, handcrafted zellige tile, Rohl and Hansgrohe fixtures, Toto toilets, custom vanities, and curated selections from Walker Zanger, Tabarka Studio, Artistic Tile, and Mosaic House. Additional highlights include separate LG mini-split HVAC systems with individualized climate control throughout living spaces and bedrooms, Kolbe windows and doors throughout, integrated security and leak detection systems, EV charging infrastructure, an attached two-car garage with epoxy flooring and custom cabinetry, and a covered three-car carport — an exceptionally rare amenity on the Peninsula. Located moments from the beach, bayfront recreation, the Fun Zone, local cafés, restaurants, and waterfront activities, this exceptional property offers a rare combination of lifestyle, versatility, and long-term value in one of Newport Beach’s most desirable coastal communities. Whether envisioned as a refined owner-user residence with supplemental income potential, a multi-generational beach retreat, or a turnkey investment opportunity, this extensively remodeled duplex captures the essence of elevated Peninsula living.

1311 W Bay Avenue, Newport Beach

$5,650,000

OC26101760 MLS ⋅ Active Status

MOTIVATED SELLER, WILL CONSIDER ALL REASONABLE OFFERS! Experience the oceanfront lifestyle of the Balboa Peninsula from this remodeled duplex, with views of the Pacific Ocean, Catalina Island, and Newport Pier. The property offers two residences, each with its own kitchen, living area, balcony, indoor laundry, attached garage, plus additional parking spaces. The property may offer potential for a third-level accessory dwelling unit (ADU) and/or a mixed-use configuration with retail on ground floor, subject to applicable zoning and City approval. Buyer to independently verify permitted uses and the feasibility of any proposed additions or alterations with the City of Newport Beach. First Floor Unit: Open-concept living area with kitchen and balcony, featuring 3 bedrooms and 2 bathrooms, one car garage plus one extra space. Second Floor Unit: Open-concept living area with kitchen, balcony, and private rear patio, featuring 2 bedrooms and 3 bathrooms, one car garage plus one extra space. Large windows and sliding glass doors bring natural light into both units and frame the coastal views. Recent improvements include a new roof and updated interiors with modern finishes. Located near Newport Beach Pier, Lido Marina Village, Balboa Pier, the Balboa Island Ferry Fun Zone, waterfront dining, shopping, surfing, paddleboarding, boating, and the Peninsula’s bike paths within easy reach. Its two-unit layout offers flexibility for personal use, rental income, or a combination of both. Rear patio furniture and the proposed third-level ADU shown in marketing materials are renderings for illustration only and do not depict existing improvements or City approvals.

2212 W Oceanfront, Newport Beach

$5,990,000

4 Beds ⋅ 3 Baths ⋅ OC26030071 MLS ⋅ Active Status

SIGNIFICANT PRICE IMPROVEMENT! RARE - TWO Short Term Lodging Permits ON THE BOARDWALK! Fabulous remodeled oceanfront getaway, turnkey vacation rental business or BOTH? The choice is yours at 700 E Oceanfront The property presents a fantastic opportunity to own an updated duplex in the heart of the Balboa Peninsula. LOCATION LOCATION LOCATION, this property is near all of the attractions that you and/or your vacation rental guests desire. Steps away from the sand and ocean, the property is located on the boardwalk and walking distance to Balboa Fun Zone, with activities for all and ferry service to Balboa Island as well as Catalina. The corner location affords unparalleled sunlight and those cooling ocean breezes. The lower 1 bed/1 bath unit is newly remodeled and has its own indoor laundry. A large, open living area flows seamlessly into an upgraded kitchen with quartz composite countertops and a breakfast bar. An oversize deck is perfect for enjoying the beach lifestyle and large gatherings. The upstairs unit is well-designed and newly remodeled throughout, including kitchen (w/ island and wine fridge) and entertaining space, as well as 3 generous bedrooms (the Primary has its own kitchenette) and 2 bathrooms. The living/great room features breathtaking views of the ocean and Balboa Pier. The duplex has been professionally managed and meticulously maintained. Notable features include: Air conditioning (new in 2023), new roof, double-paned windows and functional and cosmetic updates throughout. A rare oversize garage can accommodate up to four cars. This oceanfront duplex offers a proven track record and excellent reviews from former guests. Incredible income potential with 2 Short Term Lodging permits in place. Act quickly! With only 1550 Short Term Lodging Permits available in the entire city, having a property with TWO on Oceanfront is truly a rare opportunity.Seller may consider participating in a loan rate buy-down with an appropriate offer.

700 E Oceanfront, Newport Beach

$5,990,000

OC26025417 MLS ⋅ Active Status

SIGNIFICANT PRICE IMPROVEMENT! RARE - TWO Short Term Lodging Permits ON THE BOARDWALK! Fabulous remodeled oceanfront getaway, turnkey vacation rental business or BOTH? The choice is yours at 700 E Oceanfront The property presents a fantastic opportunity to own an updated duplex in the heart of the Balboa Peninsula. LOCATION LOCATION LOCATION, this property is near all of the attractions that you and/or your vacation rental guests desire. Steps away from the sand and ocean, the property is located on the boardwalk and walking distance to Balboa Fun Zone, with activities for all and ferry service to Balboa Island as well as Catalina. The corner location affords unparalleled sunlight and those cooling ocean breezes. The lower 1 bed/1 bath unit is newly remodeled and has its own indoor laundry. A large, open living area flows seamlessly into an upgraded kitchen with quartz composite countertops and a breakfast bar. An oversize deck is perfect for enjoying the beach lifestyle and large gatherings. The upstairs unit is well-designed and newly remodeled throughout, including kitchen (w/ island and wine fridge) and entertaining space, as well as 3 generous bedrooms (the Primary has its own kitchenette) and 2 bathrooms. The living/great room features breathtaking views of the ocean and Balboa Pier. The duplex has been professionally managed and meticulously maintained. Notable features include: Air conditioning (new in 2023), new roof, double-paned windows and functional and cosmetic updates throughout. A rare oversize garage can accommodate up to four cars. This oceanfront duplex offers a proven track record and excellent reviews from former guests. Incredible income potential with 2 Short Term Lodging permits in place. Act quickly! With only 1550 Short Term Lodging Permits available in the entire city, having a property with TWO on Oceanfront is truly a rare opportunity. Seller may consider participating in a loan rate buy-down with an appropriate offer.

700 E Oceanfront, Newport Beach

$3,999,800

7 Beds ⋅ 5 Baths ⋅ NP25108122 MLS ⋅ Active Status

Investor opportunity in one of Newport Beach’s most desirable coastal neighborhoods. Located just across the street from the beach and Newport Elementary, 1320 W Balboa offers a rare chance to own a remodeled, income-producing duplex in the heart of the Balboa Peninsula. With close proximity to the bay, the boardwalk, and countless local attractions, this property blends flexible use with exceptional walkability. Each of the two spacious units includes three bedrooms and two bathrooms, upgraded kitchens, recessed lighting, and individual HVAC systems. A separate one-bedroom, one-bath bonus suite in the rear unit adds further flexibility for guest use, owner stays, or additional rental income. Both buildings share dedicated on site laundry, and the property offers generous parking with a two-car attached garage plus a two-car tandem carport—an invaluable asset on the Peninsula. Multiple outdoor areas, including three open patios and a rooftop deck, create inviting spaces for relaxing or entertaining. With two active short-term lodging permits and a solid history of rental income, 1320 W Balboa presents a unique opportunity for investors or owner-users seeking a high-performing asset in a premier beachside location.

1320 W Balboa Boulevard, Newport Beach

Balboa Peninsula (NP) Homes with Duplex Subtype

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