Discover authentic coastal living in the heart of the picturesque Balboa Peninsula. Located a mere ten homes away from the beach within the famed 100 block, and moments from Newport Beach's radiant sands and shimmering sea, this premier parcel epitomizes flexibility. Your dream beach home is now attainable. Enjoy it when you wish and rent it when you choose. This dual-offering presents a perfect blend of significant income potential and personal beachside luxury. The property, covering nearly 2,474 square feet, features two fully furnished units and has been extensively remodeled and re-piped in 2020, with a new roof added in 2024. Introduced by a private staircase, Unit B radiates elegance and style. With three bedrooms and two bathrooms, it features a spacious dining area and a balcony perfect for BBQ evenings. Boasting dramatic tongue-and-groove vaulted ceilings, sun-filled skylights, charming Dutch entry doors, and custom designer tiles, along with fresh paint and new flooring in 2024, every aspect of this home radiates sophistication. On the ground floor, Unit A is a contemporary gem with an open-plan design. Featuring two bedrooms and two bathrooms, this home is enhanced with upgrades including Nest thermostats, recessed lighting, stainless steel appliances, custom cabinetry, designer subway tile backsplashes, fresh paint (2024), and impeccable countertops. 2711 W Balboa isn't merely a residence; it's a remarkable opportunity. With two short-term rental permits in hand, it boasts a cap rate of approximately 3%, offering considerable upside potential. Situated near iconic beaches, world-class dining, and the renowned Fashion Island Shopping center, this property is both a golden chance for steady income and a beachside paradise. Embrace the flexibility and make the beach both your backyard and your business.
Property Details
Property Features
Property Information:
Year Built: 1972
Stories: 2
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (949) 500-8684
Listing Agent: Greg Blake
Interior Features
Interior Information:
Appliances: Dishwasher, Freezer, Gas Cooktop, Gas Oven, Microwave, Refrigerator
Flooring Type: Vinyl
Interior: Beamed Ceilings, Built-in Features, Balcony, Ceiling Fan(s), High Ceilings, Open Floorplan, Recessed Lighting, Tile Counters, Bedroom on Main Level, Main Level Primary, Walk-In Closet(s)
Fireplace: None
Exterior Features
Exterior Information:
Private Pool: No
View: Neighborhood
Exterior: Barbecue
Parking Information:
Garage Space: 2 spaces
Virtual/3D Tour
3D Tour: 2711 W Balboa Blvd
3D Tour
Lot Features
Lot Information:
Lot: Paved
Lot Size: 0.05 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: Central Air
School Info
Assigned Schools Information:
Newport Harbor High School, Public District Grades 9-12
Horace Ensign Intermediate School, Public District Grades 7-8
Newport Elementary School, Public District Grades KG-6
Other
Directions Information:
Directions: PCH to Balboa Blvd. Cross Streets: 28th
Price Information
Listing Price Info
Price Summary:
List Price: $3,399,000
Tax Information:
Annual Amount: $15,664
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Newport Beach, CA.
This property is $42.8K more than the Median Sold Price in Newport Beach, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #NP23179029
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (949) 500-8684
Listing Agent: Greg Blake
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/10/2024, 12:55:39 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 01, 2021
Jun 01, 2021Home Sold
$2,535,000
Dec 11, 2013
Dec 11, 2013Home Sold
$1,200,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$15,664
$1,359,005
2020
$15,518
$1,345,071
2019
$14,080
$1,318,698
2018
$14,081
$1,292,842
2017
$13,833
$1,267,493
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
9
/10
Newport Elementary School
1327 W Balboa Blvd
Distance between this listing and this school0.81 miles
Public District Grades KG-6
Middle School
7
/10
Horace Ensign Intermediate School
2000 Cliff Dr
Distance between this listing and this school0.93 miles
Public District Grades 7-8
High School
7
/10
Newport Harbor High School
600 Irvine Ave
Distance between this listing and this school1.24 miles
Public District Grades 9-12
Assigned Schools
9
/10
Newport Elementary School
1327 W Balboa Blvd
Distance between this listing and this school0.81 miles
Public District Grades KG-6
Nearby Schools
7
/10
Newport Heights Elementary School
300 E 15th St
Distance between this listing and this school1.21 miles
Public District Grades KG-6
4
/10
Whittier Elementary School
1800 Whittier Ave
Distance between this listing and this school2.03 miles
Public District Grades KG-6
Assigned Schools
7
/10
Horace Ensign Intermediate School
2000 Cliff Dr
Distance between this listing and this school0.93 miles
Public District Grades 7-8
Nearby Schools
8
/10
Isaac L. Sowers Middle School
9300 Indianapolis Ave
Distance between this listing and this school4.10 miles
Public District Grades 6-8
8
/10
Talbert (Samuel E.) Middle School
9101 Brabham Dr
Distance between this listing and this school5.26 miles
Public District Grades 6-8
Assigned Schools
7
/10
Newport Harbor High School
600 Irvine Ave
Distance between this listing and this school1.24 miles
Public District Grades 9-12
Nearby Schools
5
/10
Estancia High School
2323 Placentia Ave
Distance between this listing and this school3.23 miles
Public District Grades 9-12
9
/10
Corona Del Mar High School
2101 Eastbluff Dr
Distance between this listing and this school3.39 miles
The neighbors living near this home have an average income of $95,221. Residents of Newport Beach, CA typically earn between $100k-200k each year. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
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This home is located at 2711 W Balboa Blvd in Newport Beach, CA and zip code 92663 in the West Newport Beach neighborhood. This home, which was built in 1972, sits on a 0.05 acre lot. It has been listed on Rocket Homes since September 27, 2023 and is currently priced at $3,399,000.
Over 14 listings were sold over their listed price in April 2024 in Newport Beach, CA. In the same period over 57 listings were sold below the listed price and 17 listings were sold for the listed price. The number of listings in Newport Beach, CA increased by 11.2% between March 2024 and April 2024. In April 2024 median list price was $3,356,190 and the average listing age was 51 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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