Upgraded Two-Unit Cottage
For Sale
$3,995,000
1527 W Balboa, Newport Beach, CA 92663
Newport Beach, CA
Property Size2,000 SF
Lot Size0.06 Acres
Price / SF$1,997
Days on Market14
Property Features for 1527 W Balboa
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
r2
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Laundry Room, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 5, Family Room, Bathroom 3, Bedroom 2, Bedroom 4
Parking
1
Parking features
Garage, Open, Covered
Window features
Drapes, Blinds
Patio and Porch features
Patio, Porch
Interior features
Crown Molding, High Ceilings, Ceiling Fan(s), Recessed Lighting, Granite Counters
Exterior features
Barbecue Private
Appliances
Gas Cooktop, Microwave, Refrigerator, Self Cleaning Oven, Gas Range, Gas Oven
Subdivision
Other (OTHR)
Lot features
0-1 Unit/ Acre
View
Ocean, Water, Marina, City, Park
Elementary school
Newport
Middle school
Ensign
High school
Newport Harbor
Elementary school district
Newport Mesa Unified
Middle school district
Newport Mesa Unified
High school district
Newport Mesa Unified
Directions
15th X Balboa
Standard status
Active
APN
04721102
Size
2,000 SF
Lot size
0.06 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Building Details
Year built
1946
Floors in Building
2
Number of units
2
Flooring type
Wood
Building materials
Concrete
Roof type
Composition
Architectural style
Cottage
Listing Agency:
First Team Real Estate
(949) 759-5747
Listed By:
Sean Jarne · License #01447010
(949) 988-3000
Added: Aug 13
Changed: Aug 25
Last Checked: Aug 26 at 10:06PM
MLS# LG26177551
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,000-square-foot duplex contains two separate cottage-style residences on a 0.0588-acre lot. The front home has 2 bedrooms and 1 bathroom, while the larger residence provides 3 bedrooms and 2 bathrooms. Recent improvements include luxury vinyl plank flooring downstairs, white oak flooring upstairs, a new upstairs bathroom, fresh interior paint, granite counters, recessed lighting, and high ceilings. A covered garage and an additional open parking space provide on-site parking and storage, while the porch, patio, and private barbecue area extend the usable space outdoors.
Located at 1527 W Balboa in Newport Beach, the property sits one home from the sand, with the marina and Marina Park across the street. Newport Bay is within walking distance to the east, and the Lighthouse Restaurant is nearby. Public water and sewer serve the property, which is zoned r2 and was built in 1946.
Located at 1527 W Balboa in Newport Beach, the property sits one home from the sand, with the marina and Marina Park across the street. Newport Bay is within walking distance to the east, and the Lighthouse Restaurant is nearby. Public water and sewer serve the property, which is zoned r2 and was built in 1946.
Key Highlights
- 2,000‑square‑foot duplex on a 0.0588‑acre lot
- Two residences: front unit with 2 bedrooms and 1 bathroom; rear unit with 3 bedrooms and 2 bathrooms
- One home from the sand at 1527 W Balboa, Newport Beach, CA 92663
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,755
Businesses Nearby
Explore this area
Business Placement
Demographics for 92663, CA
20,812
Population
12,348
Households
1.7
Avg Household Size
42
Median Age
64%
College-Educated
97%
High-School Grad
3.3 sq mi
ZIP Area
6,307
Density / Sq Mi
$138,271
Median Household Income
$77,157
Median Earnings
$2,717
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer updated finishes, outdoor living areas, and garage parking near the beach and bay.
Where is this duplex located?
The property is located at 1527 W Balboa Newport Beach, CA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 2,000‑square‑foot duplex on a 0.0588‑acre lot; Two residences: front unit with 2 bedrooms and 1 bathroom; rear unit with 3 bedrooms and 2 bathrooms; One home from the sand at 1527 W Balboa, Newport Beach, CA 92663
