1527 W Balboa Blvd, Newport Beach, CA, 92663
About This Home
Listen to the waves crash from your bedroom in this rare to the market beach-close duplex located just one home from the sand, offering an exceptional opportunity for owner occupants, investors, those looking for a vacation house, or those seeking a coastal retreat with income potential. The property features two separate residences. First a charming front cottage with 2 bedrooms and 1 bathroom. The second unit is an upgraded owners home containing 3 bedrooms and 2 bathrooms, complete with New LVP luxury flooring downstairs, new white oak flooring upstairs, the upstairs bathroom is brand new, and the property is newly painted. A one-car garage provides convenient parking and storage. Both units will rent for top dollar, or keep one for your own use and rent the other for some extra income! The home is in one of the most desirable locations on the Peninsula, walk west and you are on the beach, walk east and you will find Newport Bay. Also directly across the street you’ll find the marina and Marina Park (perfect for young families), complete with the lighthouse restaurant and its iconic lighthouse, creating picturesque bay views from the property. Enjoy an unbeatable location where both the beach and bay are just steps away, with endless opportunities for boating, paddle boarding, dining, and the quintessential Newport Beach lifestyle.
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled,Turnkey
- Year built: 1946
Materials
- Foundation: Slab
- Roof: Composition
- Construction materials: Concrete
Type & Style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subType: Duplex
Interior
Appliances
- Appliances included: Dishwasher,Gas Cooktop,Gas Oven,Gas Range,Microwave,Refrigerator,Self Cleaning Oven,Dryer,Washer
- Laundry features: Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,Inside
Bathroom
- Features: Full Bath on Main Level,Remodeled,Separate Shower,Upgraded
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 2
- Main level bedrooms: 2
Features
- Breakfast Bar,Ceiling Fan(s),Crown Molding,Separate/Formal Dining Room,Granite Counters,High Ceilings,Recessed Lighting
- Window features: Blinds,Custom Covering(s),Drapes
- Flooring: Wood
- Fireplace features: None
- Finished area below ground: 0
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: Wall Furnace
- Cooling features: None
Interior Area
- Total interior livable area: 2,000 sqft
Kitchen
- Features: Granite Counters,Kitchen/Family Room Combo,Remodeled,Updated Kitchen
Property
Accessibility
- Accessibility features: Accessible Doors,Accessible Entrance
Details
- Parcel number: 04721102
- Zoning: r2
- Special condition: Standard
- Exclusions: None
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Patio & porch: Rear Porch,Concrete,Front Porch,Open,Patio,Stone
- Exterior features: Barbecue
- Spa features: None
- Fencing: Average Condition,Block,Wood
- Has view: Yes
- View description: Bay,City Lights,Park/Greenbelt,Marina,Ocean,Panoramic,Water
- Has water view: Yes
- Water view: Bay,Marina,Ocean,Water
- Waterfront features: Ocean Access,Ocean Side Of Freeway,Ocean Side Of Highway
Lot
- Lot size: 2,561 sqft
- Features: 0-1 Unit/Acre
- Lot size dimensions: 103 x 25
Parking
- Total spaces: 1
- Parking features: Concrete,Door-Single,Garage,Garage Door Opener,Other,Paved,Garage Faces Rear,Uncovered
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Earthquake
- Inland Flooding
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Orange County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $20,200 | $242,400 |
| Home Insurance * | $317 | $3,804 |
| Property Taxes | $3,570 | $42,840 |
| Electricity | $428 | $5,146 |
| Total | $24,515 | $294,180 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-13 | Listed for sale | $3,995,000 |
| 2006-05-26 | Sold | $1,786,000 |
| 2005-05-11 | Sold | $1,435,000 |
| 2004-09-14 | Sold | $1,050,000 |
| 2001-12-14 | Sold | $680,000 |
| 1998-04-10 | Sold | $360,000 |
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