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Sold for $2,700,000 on 08/19/25
  • Listing Provided by: 

    Albert Ricci DRE #01011606 714-231-6058,

    Ricci Realty,

    Chris Ricci DRE #02200968,

    Ricci Realty

    $2,700,000

    217 E Balboa Blvd, Newport Beach, CA 92661

    4beds
    2baths
    1,808sqft
    Duplex
    Built in 1956
    -- sqft lot
    $2,896,200 Zestimate®
    $1,493/sqft
    $4,964 Estimated rent

    What's special

    2 units one house off the sand with a peek a boo view of the ocean. These 2 units (upper and lower) are licensed short-term rentals with the city of Newport Beach. Located 2 blocks from the ferry and one block from the pier, and walking distance to the fun zone! It doesn't get much better just off the sand. Occupy one and rent the other, or enjoy the income from short-term rental. The lower unit has an outdoor front patio and a 2-car garage off the alley behind the unit. The upper unit has a large front deck and a rear deck with a peak a boo view of the ocean and a 1-car garage. Both units feature a living room, dining area, open kitchen, and two large bedrooms with a full bath and shower. There is a common laundry room with a washer and dryer that are included. As a short-term rental, these units come fully furnished with all the essentials, including TVs, bedding, kitchenware, and more. You can move right in or keep it as an investment opportunity that only Newport Beach can offer. The city is no longer issuing short-term rental permits, so this is your opportunity to assume the existing permits. The schools are among the most distinguished in the county, and the weather cannot be beat!

    Zillow last checked: 7 hours ago

    Listing updated: August 20, 2025 at 07:12pm

    Listing Provided by:

    Albert Ricci DRE #01011606 714-231-6058,

    Ricci Realty,

    Chris Ricci DRE #02200968,

    Ricci Realty

    Bought with:

    Jodi DiTolla, DRE #01969994

    DiTolla Real Estate

    Source: CRMLS,MLS#: PW25145412MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Wall Furnace
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Dryer, Washer
    • Laundry: Common Area, Washer Hookup, Gas Dryer Hookup, Laundry Room
    Features
    • Balcony, Ceiling Fan(s), Furnished, Open Floorplan
    • Flooring: Carpet, Laminate
    • Has fireplace: No
    • Fireplace features: None
    • Furnished: Yes
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 1,808
    • Total interior livable area: 1,808 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Door-Multi, Garage, Garage Door Opener, Garage Faces Rear, Side By Side
    • Garage spaces: 3
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    • Spa features: None
    • Fencing: Stucco Wall,Wood
    • Has view: Yes
    • View description: Ocean, Peek-A-Boo
    • Has water view: Yes
    • Water view: Ocean
    • Waterfront features: Across the Road from Lake/Ocean, Beach Access
    Lot
    • Size: 2,614 sqft
    • Features: 0-1 Unit/Acre, Rectangular Lot
    Details
    • Parcel number: 04808118
    • Special conditions: Standard,Trust

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Duplex
    • Attached to another structure: Yes
    Materials
    • Wood Siding
    • Foundation: Slab
    • Roof: Composition
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1956

    Utilities & green energy

    • Electric: Standard
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

    Community & neighborhood

    Security
    • Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
    Community
    • Community features: Curbs, Storm Drain(s), Street Lights, Sidewalks
    Location
    • Region: Newport Beach
    • Subdivision: Balboa Peninsula (Residential) (Balp)

    HOA & financial

    Other financial information
    • Total actual rent: 8000

    Other

    Other facts
    • Listing terms: Cash to New Loan,1031 Exchange
    • Road surface type: Paved
    Services availability
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    Estimated market value

    $2,896,200