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Kevin O'keefe

kevin.okeefe@lptrealty.com +1(858) 260-9001

$ 3,750,000

Est. payment | -/mo

5 Beds

3 Baths

2,024 SqFt

Save

$ 3,750,000

Est. payment | -/mo

Save

5 Beds

3 Baths

2,024 SqFt

Key Details

Property Type Townhouse

Sub Type Townhome

Listing Status Active

Purchase Type For Sale

Square Footage 2,024 sqft

Price per Sqft $1,852

MLS Listing ID SC26185227

Bedrooms 5

Full Baths 3

Year Built 1935

Lot Size 2,614 Sqft

Property Sub-Type Townhome

Property Description

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 des

Location

State CA

County Orange

Interior

Interior Features Balcony, Recessed Lighting, Tile Counters, Furnished

Heating Fireplace, Heat Pump

Cooling Heat Pump(s), Whole House Fan

Flooring Linoleum/Vinyl, Tile

Fireplaces Type FP in Living Room

Fireplace No

Appliance Dishwasher, Refrigerator, Gas Oven, Gas Range

Exterior

Parking Features Garage

Garage Spaces 2.0

View Y/N Yes

Water Access Desc Public

View Bay

Roof Type Shingle

Porch Patio, Patio Open

Total Parking Spaces 2

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 05007118

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Special Listing Condition Standard

Listed by Nolan Tooley, DRE#02127359 Hayes Commercial Group, Inc.

Schools and Properties Nearby

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+1(858) 260-9001

kevin.okeefe@lptrealty.com

10620 Treena St Ste 230, San Diego, CA 92131-1140, USA

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210 Opal Newport Beach, CA 92662