
Newport Beach, California 92663
This duplex represents a High-Potential Investment Opportunity, listed at $2,995,000—positioned well below the $3,107,329 Fair Market Value by 3%. This valuation gap offers $112,329 in Instant Equity. With a Condition Rating of 4, the property provides a stable, income-producing Asset in a prime coastal location. Featuring a 5-bedroom, 4-bath layout and a private deck, it is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking to leverage strong rental demand near top-rated schools like Newport Elementary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3206 W Balboa Boulevard Subject | $2,995,000* List Price | 5 | 4 | 2,340 | $1,328 | - |
A 3209 Clay Active | $2,500,000 List Price | 6 | 3 | 2,624 | $953 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, this 50+ year old property has had mid-life cosmetic updates to the kitchen and flooring, but retains dated elements like popcorn ceilings and older exterior finishes. It is functional and move-in ready for tenants, but the age of the structure and systems suggests it needs minor repairs and modernization to reach its full potential.
Elementary School: Newport Elementary School (9/10).
Situated just one block from the sand on the Newport Peninsula, the property offers unparalleled walkability to world-class dining, shopping at Lido Marina Village, and iconic beaches.
As a side-by-side duplex featuring a 3-bedroom and a 2-bedroom unit, it provides excellent flexibility for owner-occupants seeking rental income or investors targeting a high-demand coastal market.
Built in 1972, the property may require capital improvements or modern updates to compete with newer luxury developments in the immediate area and maximize rental yields.
With a lot size of just over 2,000 square feet, there is minimal outdoor private space or room for expansion, which is common for the Peninsula but limits certain development options.
Just one block from the sand and some of Newport Beach's most iconic beaches, this exceptional duplex presents a rare opportunity to own an income-producing property in one of the Peninsula's most sought-after locations. Offering the perfect blend of investment potential and an unbeatable coastal lifestyle, this property is ideally suited for investors, owner-users, or those seeking a premier beach-close asset with significant upside. The side-by-side residences feature spacious, functional floor plans designed to embrace easy coastal living. One unit offers three bedrooms and two bathrooms, while the second residence features two bedrooms and two bathrooms. Each home enjoys an abundance of natural light, inviting living spaces, and sliding glass doors that capture the refreshing ocean breezes synonymous with life on the Peninsula. Perfectly positioned within walking and biking distance of Newport Beach's most desirable destinations, residents can enjoy effortless access to the beach, the harbor, Cannery Village, Lido Marina Village, Lido House Hotel, the Pavilions shopping center, acclaimed restaurants, charming cafés, and boutique shopping. Whether spending the day surfing, boating, dining on the waterfront, or exploring everything the Peninsula has to offer, this location embodies the very best of Southern California coastal living. With strong rental demand, an exceptional walkable location, and the tenant expressing interest in remaining, this is a rare opportunity to acquire a well-positioned duplex in one of Newport Beach's most coveted beachside neighborhoods. Properties of this caliber and location are seldom available, making this an outstanding opportunity to invest in the Peninsula lifestyle while benefiting from long-term income potential.
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades PK-6 • 1.0 mi
Grades 7-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 5.0 |
| Baths | 4.0 | 4.0 |
| Square foot | 2,340 | 2,174.5 |
| Lot Size | 2,034 | 2,614 |
| Price | $3.00M | $3.35M |
| Price per sq ft | $1.3K | $1.7K |
| Built year | 1972 | 1964 |
| HOA | $0 | $0 |
| Days on market | 19 | 125 |
Jul 3, 2026
$2,995,000
Initial Listing
Nov 20, 2018
$1,575,000
Public Record
Jul 31, 2012
$1,220,000
Public Record
Jun 4, 1999
$405,000
Public Record