Listing IDNP23063693
Price$5,499,000
StatusActive
Bedrooms8
Total Baths7
Full Baths5
Partial Baths2
SqFt
3,000
Acres
0.054
CountyOrange
Year Built2020
Property TypeResidential
Property Sub TypeDuplex
TWO SHORT TERM LODGING PERMITS - 2023 Generated approximately $260k in revenue. 2024 is projected to be closer to $300k
This property was designed and built specifically as a short-term rental property maximizing on room count and rentability. Recently constructed Eight (8) full siize bedrooms, 5 full baths and 2 half bath Newport Beach Balboa Peninsula Duplex Home- complete with TWO (2) SHORT TERM LODGING (RENTAL) PERMITS. This is an investors’ dream as the property has been recently completed and fully operational with proven substantial rental income. The front and back units consist of a 5-bedroom 3.5 bath rear unit with all new kitchen, new appliances and sitting room with a huge oversized indoor/outdoor great room. The upstairs primary bedroom has a large walk-in closet and large private deck with ocean breezes and city light views. The front unit consists of 3 bedrooms and 2.5 baths with a great front porch. The entire property was upgraded with independent air conditioning and independent heating zones for every room. Amazing parking for four cars; a full size, side-by-side two car garage and an additional two car covered car port. This is an incredible location surrounded by Lido Village, the Newport Beach Bayfront, and is just a stroll across the street to the most beautiful beaches in Newport. Lido Marina Village has recently gone through an incredible makeover and offers the best restaurant and shopping Newport Beach has to offer. Along with direct access to Lido and the beaches, you are located just off Pacific Coast Highway and direct access to the freeways.
County
Orange
Half Baths
2
Price Before Reduction
5900000
Price Reduction Date
2023-09-08T20:33:01+00:00
Price/SqFt
1833
Property Sub Type
Duplex
Property Type
Residential
Subdivision
Balboa Peninsula (Residential) (BALP)
Year Built
2020
Appliances
yes
Appliances
Built-In Range, Dishwasher, Disposal, Gas Range, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Vented Exhaust Fan
Bathrooms Full And Three Quarter
5
Common Walls
No Common Walls
Cooling
yes
Cooling Type
Electric, Zoned
Fireplace
no
Fireplace Features
None
Flooring
Vinyl
Garage Spaces
2
Heating
yes
Heating Type
Forced Air
Interior Features
Built-in Features, Ceiling Fan(s), Furnished, Living Room Balcony, Recessed Lighting, Stone Counters
Laundry
yes
Laundry Features
Gas & Electric Dryer Hookup, Gas Dryer Hookup, Inside
Levels
Three Or More
Living Area Source
Estimated
Living Area Units
Square Feet
Main Level Bathrooms
2
Room Type
All Bedrooms Up, Bonus Room, Den, Galley Kitchen, Kitchen, Laundry, Primary Bathroom, Primary Bedroom, Separate Family Room, Walk-In Closet
Spa
no
Spa Features
None
Stories Total
2
Architectural Style
Contemporary
Attached Garage
yes
Carport Spaces
2
Entry Level
1
Entry Location
ground level
Lot Features
0-1 Unit/Acre
Lot Size Area
2352
Lot Size Source
Assessor
Lot Size Square Feet
2352
Parking
yes
Parking Features
Direct Garage Access
Parking Total
4
Pool Features
None
Private Pool
no
Property Attached
no
Road Frontage Type
City Street
Sewer
Public Sewer
View
yes
View Type
City Lights
Water Source
Public
Country
US
High School District
Newport Mesa Unified
MLS Area Major
N8 - West Newport - Lido
Subdivision Name Other
Balboa Peninsula (Residential) (BALP)
Accessibility Features
Parking
Additional Parcels
no
Assessment Type
None
Assessments
no
Association
no
Co List Agent State License
01264839
Co List Office State License
01778230
Community Features
Biking, Curbs, Fishing, Hiking, Watersports, Sidewalks, Storm Drains, Street Lights
Days On Market
354
List Agent State License
01503663
List Office State License
01778230
Lot Size Units
Square Feet
New Construction
no
Number Of Units Total
2
Parcel Number
42335317
Senior Community
no
Structure Type
Duplex
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Year Built Source
Builder
Land Lease
no
Lease Considered
no
Special Listing Conditions
Standard
Tax Census Tract
635.00
Tax Lot
17
Tax Tract Number
418
© 2024. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any correspondence from IDX pages are routed to Laguna Coast Real Estate or one of their associates. Last updated Wednesday, April 17th, 2024.
Based on information from CARETS as of Wednesday, April 17th, 2024 02:30:08 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information from CARETS as of Wednesday, April 17th, 2024 02:30:08 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Contact - Listing ID NP23063693
Laguna Coast Real Estate Team
301 Forest Ave.
Laguna Beach, CA 92651
Phone: 949-494-0490
Phone Alt: 949-212-9898
Fax: 949-315-3265
Broker Email: CynthiaAyers@cox.net
Data services provided by IDX Broker