$1,499,000 - 1305 Park Avenue, Newport Beach

  • 3Beds
  • 2Baths
  • 1,200SQ. Feet
  • 0.03Acres

ATTENTION INVESTORS, HERE'S A RARE OPPORTUNITY! This property produces Massive Rental Income; renters are already booked for the entire year, and new owner will inherit them all. Just one block from the beach, mere steps from the classic Village Inn, and a quick stroll to the countless shops, services, bars and restaurants along Marine Avenue, this charming coastal cottage is the most attainably priced home for sale on Balboa Island in Newport Beach. And that’s just for starters. Capturing the allure of 1940s Balboa Island living on the outside while offering updated interior spaces, the cozy duplex has tremendous income potential. Enjoy as is with a 2-bedroom, 1-bath upper-level unit and a 1-bedroom main-floor studio, or combine both into one extraordinary residence. A desirable half lot of approximately 1,200 square feet measures 39 x 30 feet, including one parking space and no common walls. Appliances, a fireplace, wood floors and a breakfast bar enhance living spaces, and the duplex’s location allows for quick and easy access on and off the island. Served by the award-winning Newport Mesa Unified School District, the one-of-a-kind residence is sure to sell fast, just in time for Balboa Island’s beautiful spring and summer seasons.

Sales Agent

Sam SmithNewport Beach Real EstatePhone: 949-444-1901Cell: 949-444-1901Contact Agent Now

Essential Information

  • MLS® #:LG19034942
  • Price:$1,499,000
  • Bedrooms:3
  • Bathrooms:2.00
  • Full Baths:2
  • Square Footage:1,200
  • Acres:0.03
  • Year Built:1948
  • Type:Residential
  • Sub-Type:Duplex
  • Status:Active

Community Information

  • Address:1305 Park Avenue
  • Area:Lower Newport Bay - Balboa Island (N9)
  • Subdivision:Balboa Island - Main Island (BALM)
  • City:Newport Beach
  • County:Orange
  • State:CA
  • Zip Code:92662


  • Parking Spaces:1
  • # of Garages:1
  • View:City Lights View
  • Pool:None


  • Interior Features:Bar, Partially Furnished
  • Heating:Forced Air
  • Cooling:None
  • Fireplaces:None
  • # of Stories:2
  • Stories:Two


  • Lot Description:Front Yard

School Information

  • District:Newport Mesa Unified

Additional Information

  • Date Listed:February 14th, 2019
  • Days on Market:244
  • HOA Fees:0.00
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Provided By: Andy Stavros(01408840), DOUGLAS ELLIMAN OF CALIFORNIA, INC..

Based on information from California Regional Multiple Listing Service, Inc. as of October 17th, 2019 at 5:53pm CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.