2711 W Balboa BLVD Newport Beach, CA 92663

Discover authentic coastal living in the heart of the picturesque Balboa Peninsula. Located ten homes from the beach within the famed 100 block, just moments from Newport Beach's sparkling sand and sea, this premiere parcel is an idyllic compound for significant income opportunity or a personal beachside getaway. Comprised of two fully furnished units spanning approximately 2,474 square feet, the property has been remodeled and re-piped in 2020. Introduced by private staircase, Unit B is a remarkable and refined residence encompassing three bedrooms, two bathrooms, spacious dinning area, and balcony with a BBQ servicing the opulent living room. Among the unit's decorative flourishes are dramatic tongue and grove vaulted ceilings, multiple skylights filling the interiors with an abundance of natural light, Dutch entry doors, custom designer tiles, and luxury vinyl plank flooring throughout both units. On the ground-level, Unit A is a spectacular, open-plan two-bedroom, two-bathroom abode finished with an array of upgrades and exceptional materials including Nest thermostats, recessed lighting, stainless steel appliances, custom cabinetry, designer subway tile backsplashes, and newer countertops. 2711 W Balboa is equipped with two short-term rental permits, achieving a cap rate of approximately 3.5% with great upside potential. Near famous beaches, world-class dining, and Fashion Island Shopping center, this offering provides tremendous opportunity for stable and steady income and existing reservations are already in place through Summer 2021.