Daina Burness
The median home value in Newport Beach, CA is $2,850,000.
This is
higher than
the county median home value of $900,000.
The national median home value is $308,980.
The average price of homes sold in Newport Beach, CA is $2,850,000.
Approximately 53% of Newport Beach homes are owned,
compared to 35.5% rented, while
11.5% are vacant.
Newport Beach real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Newport Beach real estate agent to arrange a tour today!
Learn more about Newport Beach.
10 Profitable rental units! This is a rare investment opportunity, located oceanfront on the Balboa Peninsula between the pier and the wedge. You will not find another oceanfront investment opportunity on the Peninsula with 10 units at this price. The property comes with short term rental permits, the current waiting list for permits it's 100's deep. The units are furnished, professionally designed, recently remodeled, and fully operating. Stop into a fully operating successful vacation rental, earning income day one. Four of the units feature unobstructed panoramic views of the ocean, Catalina and sunsets. Enjoy all oceanfront living on the Peninsula has to offer including the beach, the waves, beautiful sunsets, the pier and park. Ample entertainment options like the Balboa Fun Zone, ferry to Balboa Island, shops and great restaurants are just a short walk away. Your own porch right on the beach, ocean view of the world famous wedge to the Balboa Pier, you can't beat this location. Boogie board, surf, bike, stroll the pier and boardwalk, play at the oceanfront park and grab a coffee at one of the many cafes. There are three driveway parking spots and a coin operating inside the laundry room for the tenants.
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