List Price: $4M

Listing Status: Active

Days on Market: 0

5 Bedrooms · 3 Bathrooms · 2,000 sq ft

Property Type: Residential

Year Built: 1946

Lot Size: 2,561 sq ft

Garage Spaces: 1

Private Pool: Yes

MLS Number: LG26177551

About This Property

Exceptional Balboa Peninsula Duplex–Steps from the Ocean and Bay! A rare opportunity to own an income-producing duplex on one of Newport Beach’s most desirable streets, just 50 feet from the sandy beach, 100 feet from Marina park and 300 feet from the Newport pier. Perfect for owner users / investors seeking strong returns, flexible rental options, and long-term appreciation. This fully upgraded property includes two beautifully maintained units, each with its own outdoor patio, modern finishes, and private laundry. The front house (2 bedrooms | 1 bathroom) has a large elevated outdoor patio with a waist high block wall enclosing it for privacy. It is currently occupied on a month-to-month lease, providing immediate rental income with the flexibility to adjust rents or transition to short-term or seasonal rentals as desired. The Back House (owners unit) – 3 Bedrooms | 2 Bathroom | Remodeled kitchen - A bright and inviting back home featuring an open living area open to the upgraded kitchen, detached indoor laundry room, and storage area/garage with an extra parking space behind. The property also boasts a large private enclosed patio perfect for entertaining or maximizing tenant appeal—ideal for professionals, couples, or as a premium vacation rental. Both units are well maintained, making this property truly turnkey and ready for immediate cash flow. With its unbeatable location—close to Balboa Pier, Balboa Village, the Fun Zone, and the iconic Balboa Ferry—this duplex enjoys consistent tenant demand and strong year-round occupancy. Newport Elementary is a mere 1 block away perfect for families with kids. Immediate income – Front unit is occupied on a month to month lease. Prime location – short walk to sand, surf, and bay. High rental potential–flexible use for long-term, short-term, or owner-occupied investment. Rare Peninsula find – upgraded and well maintained. Whether you’re an investor expanding your portfolio or a buyer seeking a beach side income property with exceptional upside, 1527 W. Balboa Blvd is the one to see. Invest where everyone wants to stay—and earn while you plan your next move. Directly across the street, you’ll find the marina and Marina Park, complete with its iconic lighthouse, creating picturesque bay views from the property. Enjoy an unbeatable location where both the beach and bay are just steps away, with endless opportunities for boating, paddleboarding, dining, and the quintessential Newport Beach lifestyle.