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

128 27th StreetNewport BeachCA92663
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

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