Carl Wuestehube
This listing was posted on RealtyWW.
$2,988,000
Home For Sale In Newport Beach, California
Price:
$2,988,000
BR/BA:
6 BR, 4 BA
Location:
204 E Balboa Blvd, Newport Beach, CA
Description:
Unique opportunity to obtain a short-term rental permit and property in the high-demand East Balboa Peninsula. Use this duplex for two short-term rental units for the highest revenue potential. Or live in one and rent the other. Theres a bonus studio apartment in back that be utilized 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 (only 2 houses) to the famous Balboa Peninsula Beach and boardwalk, its the perfect stay for short- or long-term rentals. 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 income? Your calendar is constantly filled with high-quality short-term renters, leaving consistently high reviews. Looking for lifestyle? Youll be steps away from restaurants, shops, services, the Balboa Island Ferry, and the beach lifestyle you dream of. Upstairs, the three-bedroom, two-bath apartment, with a recently updated bathroom includes indoor and outdoor front and back porches. Downstairs is a two-bedroom, one-bath with a recently updated kitchen and bathroom. Both apartments are equipped with new split-system HVAC (an important 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.For more details: https://realtyww.info/homes_newport-beach-d526642/for-sale_i72866467
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