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!
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
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#: PW25145412
Originating 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