Furnished Short-Term Rental
For Sale
Contact for pricing
1509 E BALBOA Boulevard, Newport Beach, CA 92661
Newport Beach, CA
Property Size1,400 SF
Lot Size0.07 Acres
Price / SF$3.57
Days on Market94
Property Features for 1509 E BALBOA Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Laundry Room, Great Room, Bedroom 2, Bedroom 3
Parking
2
Parking features
Garage, Covered, Carport
Window features
Blinds, Double Pane Windows, Screens
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Pantry, Recessed Lighting, Open Floorplan, Granite Counters
Exterior features
Barbecue Private
Appliances
Gas Cooktop, Disposal, Microwave, Refrigerator, Barbecue, Gas Oven, Dishwasher
Subdivision
Balboa Peninsula (Residential) (BALP)
Lot features
Park Nearby, Front Yard
View
Ocean
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
From 55 freeway, go south on Newport Blvd. - street becomes Balboa Blvd. - pass Newport pier and Balboa pier - at sign "Welcome to Balboa Pennisula Point" keep left - Home is black and white on the right
Standard status
Active
APN
04819103
Size
1,400 SF
Lot size
0.07 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Water front features
Lake, Beach Access, Ocean Access
Water front
1
Amenities
granite kitchen
stainless steel appliances
dishwasher
microwave
refrigerator
gas range/oven
distressed wood tile flooring
dual pane windows
ceiling fans
central heat
recessed lighting
8ft ceilings
primary suite with en-suite bathroom
inside laundry room
washer & dryer
gated front patio
BBQ
Building Details
Year built
2015
Floors in Building
1
Number of units
1
Flooring type
Tile, Carpet
Roof type
Composition
Architectural style
Other
Listing Agency:
First Team Real Estate
(714) 996-6070
Listed By:
Kristen Fowler · License #01061545
(714) 875-1710
Added: Jul 15
Changed: Oct 13
Last Checked: Oct 16 at 1:06PM
MLS# PW26154569
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.
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Investment Insights
Based on property information with market context.
This 1,400-square-foot bottom-level unit is part of a duplex and was built in 2015. The four-bedroom residence is fully furnished and arranged without interior steps. Its open floor plan connects the granite kitchen with the living and dining great room, while the kitchen includes stainless steel appliances and a gas range/oven. The home also features tile flooring, dual-pane windows, ceiling fans, central forced-air heat, recessed lighting, and 8-foot ceilings. A private primary suite includes an en-suite bathroom with a granite vanity and shower seat. An additional full bathroom, interior laundry room with washer and dryer, and public water and sewer complete the interior. Outdoor features include a large gated front patio with a private barbecue, plus one attached garage and one covered carport. The property is within a short walk of the beach and bay and close to The Wedge.
Key Highlights
- 1,400‑square‑foot, four‑bedroom bottom‑level duplex unit
- Built in 2015 and offered fully furnished
- Open kitchen, living, and dining great‑room configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,722
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,440
$534.4K
Cap Rate 7%
$381,743
$381.7K
Cap Rate 9%
$296,911
$296.9K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$50.4K $36.00/SF
− Vacancy
−$1.8K −$1.30/SF
EGI
$48.6K $34.70/SF
− OpEx
−$21.9K −$15.62/SF
NOI
$26.7K $19.09/SF
Area
Orange County, CA
Vacancy
3.60%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,440
Cap Rate 7%
$381,743
Cap Rate 9%
$296,911
Alternative Uses
Best Use
Apartment 5plus
$381.7K
$334.0K – $445.4K
NOI $26,722 @ 7.0% cap · market cap 534.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$470.2K
$411.5K – $548.6K
NOI $32,916 @ 7.0% cap · market cap 658.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,088
Businesses Nearby
Explore this area
Business Placement
Demographics for 92661, CA
3,457
Population
2,727
Households
1.3
Avg Household Size
48
Median Age
58%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
4,939
Density / Sq Mi
$209,620
Median Household Income
$135,407
Median Earnings
$2,836
Median Rent
$2,000,001
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Short term rental property - Bottom-level duplex residence offers an open great-room layout, private patio, attached garage, and covered carport.
Where is this short term rental property located?
The property is located at 1509 E BALBOA Boulevard Newport Beach, CA.
What are key features of this property?
This property features: 1,400‑square‑foot, four‑bedroom bottom‑level duplex unit; Built in 2015 and offered fully furnished; Open kitchen, living, and dining great‑room configuration
