210 Opal, Newport Beach, CA 92662
- $3,750,000
- 5
- BD
- 3
- BA
- 2,024
- SqFt
- List Price
- $3,750,000
- Status
- ACTIVE
- MLS#
- SC26185227
- Year Built
- 1935
- Bedrooms
- 5
- Bathrooms
- 3
- Living Sq. Ft
- 2,024
- Lot Size
- 2,614
- Acres
- 0.06
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 0
- Property Type
- Single Family Residential
- Property Sub Type
- Duplex
- Stories
- Two Levels
- Neighborhood
- N/A
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 desirable islands. However you choose to play it, this is a rare opportunity to own a cash-flowing asset on Balboa Island with a clear path to even greater upside. Don't miss it.
Additional Information
- Appliances
- Dishwasher, Gas Oven, Gas Range, Refrigerator
- Pool Description
- None
- Fireplace Description
- Living Room
- Heat
- Fireplace(s), Heat Pump
- Cooling
- Yes
- Cooling Description
- Ductless, Heat Pump, Whole House Fan
- View
- Bay
- Patio
- Open, Patio
- Roof
- Shingle
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- School District
- Newport Mesa Unified
- Interior Features
- Balcony, Ceiling Fan(s), Cathedral Ceiling(s), Separate/Formal Dining Room, Furnished, Recessed Lighting, Tile Counters, Main Level Primary
- Attached Structure
- Detached
- Number Of Units Total
- 2
Listing courtesy of Listing Agent: Nolan Tooley (nolan@hayescommercial.com) from Listing Office: Hayes Commercial Group, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.