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For sale
    • Listed by: First Team Real Estate • Sean Jarne • Contact: sean@jarnerealty.com
    $3,995,000

    1527 W Balboa Blvd, Newport Beach, CA 92663

    5beds
    2,000sqft
    : 
    $26,071/mo
    Get pre-qualified
    Duplex
    Built in 1946
    2,561 Square Feet Lot
    $-- Zestimate®
    $1,998/sqft
    $-- HOA

    What's special

    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.
    2 days
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    258
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    5
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    Zillow last checked:

    Listing updated:

    Listed by:

    Sean Jarne DRE #01447010 sean@jarnerealty.com,

    First Team Real Estate

    Source: CRMLS,MLS#: LG26177551MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 3
      • Main level bathrooms: 2
      • Main level bedrooms: 2
      Rooms
      • Room types: Entry/Foyer, Family Room, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Dining Room
      Bathroom
      • Features: Full Bath on Main Level, Remodeled, Separate Shower, Upgraded
      Kitchen
      • Features: Granite Counters, Kitchen/Family Room Combo, Remodeled, Updated Kitchen
      Heating
      • Wall Furnace
      Cooling
      • None
      Appliances
      • Included: Dishwasher, Gas Cooktop, Gas Oven, Gas Range, Microwave, Refrigerator, Self Cleaning Oven, Dryer, Washer
      • Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside
      Features
      • Breakfast Bar, Ceiling Fan(s), Crown Molding, Separate/Formal Dining Room, Granite Counters, High Ceilings, Recessed Lighting
      • Flooring: Wood
      • Windows: Blinds, Custom Covering(s), Drapes
      • Has fireplace: No
      • Fireplace features: None
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total interior livable area: 2,000 sqft
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 1
      • Parking features: Concrete, Door-Single, Garage, Garage Door Opener, Other, Paved, Garage Faces Rear, Uncovered
      • Attached garage spaces: 1
      Accessibility
      • Accessibility features: Accessible Doors, Accessible Entrance
      Features
      • Levels: Two
      • Stories: 2
      • Entry location: 1
      • Patio & porch: Rear Porch, Concrete, Front Porch, Open, Patio, Stone
      • Exterior features: Barbecue
      • Pool features: None
      • Spa features: None
      • Fencing: Average Condition,Block,Wood
      • Has view: Yes
      • View description: Bay, City Lights, Park/Greenbelt, Marina, Ocean, Panoramic, Water
      • Has water view: Yes
      • Water view: Bay,Marina,Ocean,Water
      • Waterfront features: Ocean Access, Ocean Side Of Freeway, Ocean Side Of Highway
      Lot
      • Size: 2,561 Square Feet
      • Dimensions: 103 x 25
      • Features: 0-1 Unit/Acre
      Details
      • Parcel number: 04721102
      • Zoning: r2
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cottage
      • Property subtype: Duplex
      Materials
      • Concrete
      • Foundation: Slab
      • Roof: Composition
      Condition
      • Updated/Remodeled,Turnkey
      • New construction: No
      • Year built: 1946

      Utilities & green energy

      • Electric: 220 Volts in Garage
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Features: Curbs, Fishing, Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Water Sports
      • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
      • Subdivision: None
      HOA
      • HOA name: none
      Location
      • Region: Newport Beach
      • Elevation: 1 Feet

      Financial & listing details

      • Price per square foot: $1,998/sqft
      • Tax assessed value: $2,440,717
      • Annual tax amount: $26,132
      • Date on market: 8/13/2026
      • Cumulative days on market: 2 days
      • Listing terms: Cash,Cash to New Loan,Conventional
      • Inclusions: Appliances
      • Exclusions: None
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $5,072/mo

        Price history

        DateEventPrice
        8/13/2026Listed for sale$3,995,000+123.7%$1,998/sqft
        Source: CRMLS #LG26166425 Report a problem
        5/26/2006Sold$1,786,000+24.5%$893/sqft
        Source: Public Record Report a problem
        5/11/2005Sold$1,435,000+36.7%$718/sqft
        Source: Public Record Report a problem
        9/14/2004Sold$1,050,000+54.4%$525/sqft
        Source: Public Record Report a problem
        12/14/2001Sold$680,000+88.9%$340/sqft
        Source: Public Record Report a problem
        4/10/1998Sold$360,000$180/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$26,132 +1.6%$2,440,717 +2%
        2024$25,718 +11.3%$2,392,860 +15.6%
        2023$23,099 +0.9%$2,070,396 +2%
        2022$22,895 +0.6%$2,029,800 +2%
        2021$22,756 +11.4%$1,990,000 +12.1%
        2020$20,432 $1,774,800 +2%
        2019$20,432 +1.3%$1,740,000 +8.8%
        2018$20,172 +23.3%$1,600,000 +16.6%
        2017$16,360 $1,372,000
        2016$16,360 +0.2%$1,372,000
        2015$16,327 +14.9%$1,372,000 +17.3%
        2014$14,204 $1,170,000 +9.8%
        2013-- $1,065,600 +11%
        2012-- $960,000 -4%
        2011-- $1,000,000 -23.1%
        2010-- $1,300,000 -31.4%
        2009-- $1,895,317 +2%
        2008-- $1,858,154 +2%
        2007-- $1,821,720 +24.5%
        2006-- $1,463,700 +39.4%
        2005-- $1,050,000 +48.6%
        2004-- $706,549 +1.9%
        2003-- $693,600 +2%
        2002-- $680,000 +78.3%
        2001$3,925 +2.6%$381,483 +2%
        2000$3,825 $374,003
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 92663

        Getting around

        80 / 100
        Very Walkable
        31 / 100
        Some Transit
        71 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Newport
        • Middle: Ensign
        • High: Newport Harbor

        Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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