204 Balboa Boulevard, Newport Beach

$2,988,000

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6

Beds

4

Baths

0.06

Acres

Listing Agent
Carl Wuestehube - Tri-Star Realty

About 204 Balboa Boulevard

Location, Location, Location! ! Steps to Beach & Bay! WITH TRANSFERRABLE SHORT-TERM RENTAL PERMIT. Don't miss this rare opportunity to own a turn-key, high-demand, short-term rental business and.vacation home, ideally located at center of the Balboa Peninsula, steps to one of the best beaches in Southern California and beautiful Balboa Bay! Use this duplex for two short-term rental units for high revenue and profit. Or live in one and rent the other for income! There’s a bonus studio apartment with a separate entrance for extra living space. Nestled between the harbor and the coast, a short walk to Main Street, the Balboa Pier and Fun Zone, and only one block to the famous Balboa Peninsula Beach and boardwalk, it’s the perfect stay for short- or long-term. This property has averaged $150K in gross revenue annually for the last three years, not including the bonus studio apartment used for family and friends. Looking for a great business? Your calendar is constantly filled with high-quality short-term renters and consistently positive reviews. Looking for retirement lifestyle? You’ll be steps away from restaurants, shops, services, the Balboa Island Ferry, and the “beach life” you dream of. The three-bedroom, two-bath apartment with a recently updated bathroom upstairs includes indoor and outdoor front and back porches. Downstairs is a two-bedroom, one-bath with a recently updated kitchen and bathroom. Both apartments have new (2023) split-system HVAC (an essential feature for short-term rentals). The studio has a separate side entrance. A two-car garage and a carport give three spaces for off-street parking. The surrounding streets have ample unmetered street parking when needed for additional guests.

Features of 204 Balboa Boulevard

MLS® # OC24117477
Price $2,988,000
Bedrooms 6
Bathrooms 4.00
Acres 0.06
Year Built 1979
Type Residential Income
Sub-Type Duplex
Status Active

Community Information

Address 204 Balboa Boulevard
Area NP - Balboa Peninsula
Subdivision Balboa Peninsula (Residential) (BALP)
City Newport Beach
County Orange
Zip Code 92661

Amenities

Parking Spaces 3
# of Garages 2
Is Waterfront No
Has Pool No
Pool None

Interior

Has Basement No
Fireplace No
# of Stories 2
Stories Two

Exterior

Lot Description Street Level

Additional Information

Date Listed June 9th, 2024
Days on Market 10
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentCarl Wuestehube
OfficeTri-Star Realty

Listing Map

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