Multi-Family in Balboa Peninsula (Residential) (BALP) within Orange county

128 27th Street, Newport Beach, CA 92663
MLS# OC17159295

$1,750,000

About Property

Remodeled 1922 cottage style beach home everyone is looking for!! This Single Family Residence has been split into 2 units with a common laundry and shared extra 1/2 bath. It is a positive cash flow property in the perfect location on Balboa Peninsula!! On the beach side of Balboa Blvd, so only a few houses from the sand and across form Jack’s Surf Shop shopping center and the famous Woody’s Wharf. Just minutes from (405, 55, 73 and 5) freeways, Orange County John Wayne Airport, Fashion Island, and South Coast Plaza. Also, close to Disneyland, Knott’s Berry Farm, Anaheim Convention Center. The front downstairs unit has the white picket fence porch to watch all the passerbys. It was recently remodeled with travertine tile, new paint, newer bathrooms, newer kitchen counters, appliances and more!! The lower unit is approx. 1200 sf with 2 bedrooms and 1 bath (plus the 1/2 bath shared). The upper unit, with a great open, airy floorplan and also remodeled only a few years back, is a little over 900 sf, with 2 bedrooms and 1 bath has a long time amazing tenant that would love to stay. The lower unit would be perfect if you want that beach house with someone else helping to pay the mortgage! Newport Beach is well known for the finest restaurants, beaches, shopping, and home to many stars and professional Athletes. Life at it’s finest.

  • General

    • Utilities: Sewer Connected
    • Water Source: Public
    • Stories: 2
    • Levels: Two
    • Attached Property: No
  • Interior

    • Flooring: Stone
    • More Interior Features: Beamed Ceilings, Cathedral-Vaulted Ceilings, Ceiling Fan, Open Floor Plan
  • Exterior

    • View: Neighborhood
    • Lot Features: 0-1 Unit/Acre
    • Pool: No

Learn More About

Newport Beach

Newport Beach is a mid-sized oceanfront city in Orange County, California. It has approximately nineteen neighborhoods and is the 85th largest community in the state. It is a nautical community known for its beautiful ocean views, sparkling beaches, historic Newport Harbor and a wonderful semi-arid climate that encourages a healthy outdoor lifestyle. It is a wealthy community in comparison to both state and national economic standards. Newport Harbor is the largest recreational harbor in the state and is popular for rowing, sailing, kayaking, fishing and paddle-boating. Life in the city of Newport Beach is all about luxurious beachside life. Neighborhoods in the city include, but are not limited to Corona Del Mar, Newport Heights, Westbay, Santa Anna Heights, West Newport, Balboa Peninsula and more. The most walkable neighborhoods are Balboa Island and Corona Del Mar. West Bay and Corona del Mar feature mostly beach homes. Newport Heights has wonderful condominiums as well as mansions. However, the most affordable homes lie in Santa Anna Heights and the most exclusive are on Lido Isle in the middle of the bay.

The city spans 52.978 square miles, 23.80 square miles of land and 29.17 square miles of water. It is a predominantly a white-collar community, where over 94% of the workforce have white-collar positions/professions. Over 64% of adults in the city have four-year degrees or higher, which is more than three times the national average. The city is somewhat diverse racially and ethnically. Racially Caucasian and Asian are the most common, ethnically German, Irish and English are the most common. English is the primary language in the city, followed by Spanish. Commuting is common and though public transportation is available, it is more popular to use private vehicles for daily commuting purposes. According to the 2008 U.S. census, the median household income was estimated at $95,511. In the same year the median family income was estimated at $126,916 and the per capita income at $63,015. By 2010, the population was 85,186 and the population density was 3,587.5 people per square mile. The population continued to grow and in 2015 it was estimated at 87,127. In the same year, the estimated median household income was $123,351 and the estimated per capita income was $81,347. Further, the estimated median house or condo value was over $1,000,000, the mean price on all housing units was over $1,000,000 and the median gross rent was $2,148.

There are three school districts that serve the city of Newport Beach, Laguna Beach Unified School District, Newport-Mesa Unified School District and Santa Ana Unified School District. There are approximately eight schools in Newport Beach, including Corona Del Mar High, East Bluff Elementary, Horace Ensign Intermediate, Mariners Elementary and others. Attractions in the city include, the Orange County Museum of Art, Corona del Mar Beach, Crystal Cove State Park, the Newport Harbor Nautical Museum and so much more. The largest sail boat race in the world, the Ensenada International Yacht Race, departs annually from Newport Harbor.  Homes for sale in Newport Beach are largely of the luxurious beach variety. Other real estate options include villas, condominiums, apartments and more. To find the home of your dreams in sunny Newport Beach, call local real estate agents Tom & Paula Pelton today at 949-415-4285.

Learn More

Additional Details

Contact Agent

Pin It on Pinterest

Call Us