Est. cap rate

0.5%

Assumed rent, all units

$7,060/mo

Units

2

Price per unit

$4,499,500

Est. annual NOI

$42,360

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

5

Bathrooms

6

Building size

2,909 sqft

Lot size

2,614 sqft

Year built

1972

Stories

2

Garage spaces

4

Cooling

Central Air,Zoned

Pool

None

View

Bay

Status

Active

Days on market

115

MLS #

241298971

About this property

Located on the prestigious bayfront of Balboa Island, 1011 N Bayfront presents a rare opportunity to own a premier waterfront property with direct beach access and panoramic harbor views. Positioned on a coveted corner lot, this exceptional residence captures abundant natural light and delivers unobstructed water views from both the front and rear units. Currently configured as a duplex with two active short-term rental permits, the property offers immediate income potential while maintaining the flexibility to be seamlessly converted into a spacious 5-bedroom single-family home with a 4 car garage. The bayfront patio opens directly onto the sand, creating an ideal setting for entertaining, relaxing, and enjoying the quintessential coastal lifestyle. Inside, the lower level features newly refinished hardwood flooring, leading into a well-appointed kitchen with expansive wraparound granite countertops and sleek lacquer cabinetry. Upstairs, the living space transitions to durable vinyl plank flooring and includes three generously sized bedrooms, each with en suite bathrooms. The primary suite is positioned directly over the water, offering breathtaking, uninterrupted harbor views. The rear unit showcases dramatic vaulted ceilings and oversized windows, creating a bright, open atmosphere that fully embraces the waterfront setting. Loft-style bedrooms enhance the sense of volume and architectural character.

Location

1011 N Bay Front

Newport Beach, Orange, CA, 92662