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Furnished Rental Cottage
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1007 Balboa Ave., Newport Beach, CA 92662

Newport Beach, CA

Property Size924 SF
Lot Size0.03 Acres
Price / SF$4.22
Days on Market18

Property Features for 1007 Balboa Ave.

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 1
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1, Laundry Room, Bedroom 1
Patio and Porch features Porch, Deck
Pets allowed Yes
Interior features Beamed Ceilings, Ceiling Fan(s), Recessed Lighting, Brick Walls, Open Floorplan
Exterior features Lighting
Fencing Brick
Fireplace 1
Appliances 6 Burner Stove, Gas Range
Subdivision Balboa Island - Main Island (BALM)
Lot features Zero Lot Line, Level with Street, 0-1 Unit/ Acre, Near Public Transit, Park Nearby
Elementary school district Newport Mesa Unified
Middle school district Newport Mesa Unified
High school district Newport Mesa Unified
Directions Located off Jamboree from Pacific Coast Hwy. Balboa Island
Standard status Active
APN 05012225
Size 924 SF
Lot size 0.03 Acres

Utilities

Heating system Wall Furnace
Cooling system Electric
Water source Public
Water front features Ocean Access, Beach Access
Water front 1

Amenities

outdoor patio
fireplace

Building Details

Year built 1929
Floors in Building 1
Number of units 2
Flooring type Wood
Building materials Brick, Drywall Walls
Architectural style Cottage, Bungalow
Listing Agency: STEVEN M BROWN & ASSOCIATES
Listed By: Shannon Brown · License #01969252
Added: Sep 17 Changed: Oct 3 Last Checked: Oct 4 at 2:06PM
MLS# LG26204579

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.

Built in 1929, this 924-square-foot bungalow-style cottage has one bedroom, a living room, kitchen, bathroom, laundry room, and outdoor patio. Furnishings include a queen bed and a queen-size pull-out sofa, with sleeping space for four. Interior details include beamed ceilings, wood flooring, recessed lighting, and a fireplace; the property also has a porch and deck.

The cottage is on Balboa Island, within walking distance of shops and restaurants along Marine Avenue. Beach and ocean access are listed among the property features. Seasonal monthly rates and lease terms are available.

Key Highlights

  • 924‑square‑foot cottage built in 1929
  • One bedroom; sleeps 4 with a queen bed and queen‑size pull‑out sofa
  • Furnished bungalow‑style interior with fireplace and wood flooring

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick Barber Shop Auto Parts Store Plumbing Service Locksmith Grocery & Convenience Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

1,320
Businesses Nearby

Demographics for 92662, CA

2,490
Population
1,869
Households
1.3
Avg Household Size
60
Median Age
68%
College-Educated
100%
High-School Grad
0.2 sq mi
ZIP Area
12,450
Density / Sq Mi
$162,045
Median Household Income
$83,322
Median Earnings
$2,736
Median Rent
$2,000,001
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Short term rental property - The one-bedroom cottage is furnished and accommodates up to four people with a queen bed and pull-out sofa.
Where is this short term rental property located?
The property is located at 1007 Balboa Ave. Newport Beach, CA.
What are key features of this property?
This property features: 924‑square‑foot cottage built in 1929; One bedroom; sleeps 4 with a queen bed and queen‑size pull‑out sofa; Furnished bungalow‑style interior with fireplace and wood flooring
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