$ 3,750,000
-
$3,750,000
Price -
5
Bed -
3
Bath -
2,024
SqFt
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About the Listing SC1352 - SC02127359
210 Opal Ave, Balboa Island — Turnkey Duplex with Three Ways to Win Rarely does a Balboa Island property offer this much flexibility. This charming, timeless duplex can be delivered fully vacant at close. a blank slate for however you want to use it. The front house is a single-story, 3-bed, 2-bath unit with an open-concept kitchen, dining, and living space, vaulted ceilings, and abundant natural light. It's fully furnished, features new flooring throughout, and offers direct access to a two-car garage. It also holds an active short-term rental permit. one that has historically generated approximately $45,000 in gross income across 3 months of June, July, and August alone. Recent upgrades include a brand-new bright white shower in the guest bath, an updated master bath, and full replacement of the original cast-iron drain lines with ABS. The rear unit has been tastefully remodeled with twin bedrooms opening to a light-filled kitchen and living area that spills onto a private rooftop balcony. Perfect for catching ocean breezes, now enhanced by a brand-new mini-split system and whole-house fan. New flooring and a clean, contemporary tile bath complete the space. How you use it is up to you: -Owner-occupants can settle into the 3-bed front house and lease the rear unit to help offset carrying costs. -Investors can run the front house as a proven short-term rental while placing a long-term tenant in the rear unit for income on day one. -Visionaries can hold the property for cash flow while pursuing entitlements and permits for a brand-new build on one of Newport Beach's most desirable islands. However you choose to play it, this is a rare opportunity to own a cash-flowing asset on Balboa Island with a clear path to even greater upside. Don't miss it.
Listing Highlights
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances: Dishwasher, Gas Oven, Gas Range, Refrigerator
- Air Cond: Ductless,Heat Pump,Whole House Fan
- Heating: Fireplace(s),Heat Pump
- Fireplaces: Living Room
- Floor: Tile,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Balcony,Ceiling Fan(s),Cathedral Ceiling(s),Separate/Formal Dining Room,Furnished,Recessed Lighting,Tile Counters,Main Level Primary
- Water: Public
Exterior Details
- Lot Description: 2-5 Units/Acre,No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 2
- Roof: Shingle
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Garage
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 05007118
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
210 Opal Newport Beach, CA 92662
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