
Newport Beach, California 92662
This Turnkey Duplex represents a High-Potential Investment Opportunity, listed at $3,750,000—positioned above the $3,526,329 Fair Market Value. While priced at a premium, the property offers significant stability through its active short-term rental permit and turnkey condition rating of 3. Featuring bay views, a private rooftop balcony, and recent infrastructure upgrades like ABS plumbing, this asset is primed for immediate income. It serves as a versatile choice for Buy-and-Hold Investors seeking cash flow or Owner-Occupants looking to offset costs via the rear unit.
Turnkey Balboa Island duplex with active short-term rental permit. Features bay views, private balcony, and recent upgrades. Ideal for investors or owner-occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 210 Opal Subject | $3,750,000* List Price | 5 | 3 | 2,024 | $1,742 | - |
A 137 Topaz Sold | $3,835,000 | 5 | 4 | 2,545 | $1,507 | 0.0 mi |
B 120 Coral Avenue Sold | $3,615,000 | 4 | 4 | 2,182 | $1,657 | 0.2 mi |
C 212 Opal Sold | $3,250,000 | 3 | 3 | 1,950 | $1,667 | 0.0 mi |
D 118 Emerald Pending | $3,499,000 List Price | 5 | 3 | 1,893 | $1,848 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1935, this duplex is in turnkey condition due to significant recent renovations. Key system upgrades include a brand-new mini-split HVAC system and the replacement of cast-iron plumbing with ABS. The interior features new flooring and updated bathrooms. While the kitchen cabinetry and tile countertops reflect a slightly older renovation style (approx. 10-15 years), the property is well-maintained and move-in ready.
The property includes an active short-term rental permit with a proven track record, generating approximately $45,000 in gross income during the summer months alone.
Extensively updated with new flooring, remodeled bathrooms, and critical infrastructure improvements including new ABS drain lines and a mini-split HVAC system.
Situated in a highly coveted Newport Beach enclave, this duplex offers exceptional walkability, bay views, and long-term land value appreciation.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2614, other record lot size in square feet = 2550.
At a $3.75M valuation, the property requires a significant capital investment which may result in tighter cap rates for traditional long-term investors.
The 2,614 sqft lot is typical for the area but limits private outdoor space and future expansion possibilities without a full redevelopment of the 1935 structure.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 5.5 |
| Baths | 3.0 | 3.8 |
| Square foot | 2,024 | 2,512.545 |
| Lot Size | 2,614 | 2,760.364 |
| Price | $3.75M | $3.24M |
| Price per sq ft | $1.9K | $1.8K |
| Built year | 1935 | 1958 |
| HOA | $0 | $0 |
| Days on market | 16 | 72 |
Aug 24, 2026
$3,750,000
Initial Listing
Jul 6, 2021
$2,695,000
Public Record
Apr 17, 2019
$2,200,000
Public Record
Dec 16, 2015
$2,015,000
Public Record
Sep 23, 2005
$1,855,000
Public Record
Jun 17, 2004
$1,575,000
Public Record
Jan 30, 1998
$712,000
Public Record
Mar 4, 1997
$580,000
Public Record