Furnished Duplex Near
218 E Balboa, Newport Beach, CA 92661
For Sale
Contact for pricing
Newport Beach, CA
Property Size1,200 SF
Lot Size0.06 Acres
Price / SF$5.42
Days on Market92
Property Features for 218 E Balboa
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Window features
Interior features
Fireplace
Appliances
Subdivision
Lot features
View
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Utilities
Heating system
Cooling system
Water source
Water front features
Amenities
central air conditioning
heating
fireplace
Smart TV with Wi-Fi
private washer and dryer
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Compass
Listed By:
Edward Jacuinde · License CA #01771487
(949) 438-4340
Added: Aug 10
Changed: Nov 6
Last Checked: Nov 9 at 10:06PM
MLS# NP26174387
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex property includes a fully furnished 1,200-square-foot residence with three bedrooms, two bathrooms, a light-filled living area, and a patio oriented toward views of the sand. Interior features include central air conditioning and heating, a fireplace, Smart TV with Wi-Fi, and a private washer and dryer. The kitchen is equipped with a refrigerator, gas range, dishwasher, and tile counters. Vinyl flooring, drywall walls, public water, and a composition roof are also provided.
Located on East Balboa Peninsula at 218 E Balboa in Newport Beach, the property is one block from the Pacific Ocean and near Balboa Pier, the Ferry, the Fun Zone, restaurants, shops, and beach access. Street parking is available, with no designated parking. Water and trash are included.
Located on East Balboa Peninsula at 218 E Balboa in Newport Beach, the property is one block from the Pacific Ocean and near Balboa Pier, the Ferry, the Fun Zone, restaurants, shops, and beach access. Street parking is available, with no designated parking. Water and trash are included.
Key Highlights
- 1,200 square feet with 3 bedrooms and 2 bathrooms
- Fully furnished property with Smart TV, Wi‑Fi, and private washer and dryer
- Central air conditioning and heating plus a fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,905
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,100
$458.1K
Cap Rate 7%
$327,214
$327.2K
Cap Rate 9%
$254,500
$254.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$43.2K $36.00/SF
− Vacancy
−$1.6K −$1.30/SF
EGI
$41.6K $34.70/SF
− OpEx
−$18.7K −$15.62/SF
NOI
$22.9K $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%
$458,100
Cap Rate 7%
$327,214
Cap Rate 9%
$254,500
Alternative Uses
Best Use
Multifamily LT 5
$361.6K
$316.4K – $421.9K
NOI $25,312 @ 7.0% cap
Second Best
Apartment 5plus
$327.2K
$286.3K – $381.8K
NOI $22,905 @ 7.0% cap
Theoretical Best
Office A
$403.1K
$352.7K – $470.2K
NOI $28,214 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,199
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
$2,000,001
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Newport Beach, CA
Properties on Market for Duplexes in Newport Beach
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Fully furnished coastal residence with central HVAC, fireplace, patio, and beach access near Balboa Pier and Ferry.
Where is this duplex located?
The property is located at 218 E Balboa Newport Beach, CA.
What are key features of this property?
This property features: 1,200 square feet with 3 bedrooms and 2 bathrooms; Fully furnished property with Smart TV, Wi‑Fi, and private washer and dryer; Central air conditioning and heating plus a fireplace
