Est. cap rate

0.4%

Assumed rent, all units

$7,060/mo

Units

2

Price per unit

$4,747,500

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

4

Bathrooms

4

Building size

2,003 sqft

Lot size

3,920 sqft

Year built

1951

Stories

2

Garage spaces

2

Cooling

None

Pool

None

View

Bay,Harbor,Water,Panoramic

Status

Active

Days on market

169

MLS #

241607994

About this property

Life on Newport Harbor begins here, where timeless coastal charm meets coveted bay front living. Set on a rare oversized bayfront lot—approximately one and a half standard lots—on Balboa Island, this property offers 45 feet of frontage, a private pier and dock with room for multiple boats with easy nautical access to the harbor entrance, and ultraconvenient on-and-off-island access. It is an exceptional opportunity to own one of the island’s prized waterfront settings. Inside, four bedrooms and four baths (two full and two three-quarters) are complemented by sandy shoreline access and sweeping harbor views in one of Newport Beach’s most iconic locations. Throughout the home, bright interiors blend warmth and character with hardwood flooring, new vinyl plank flooring in the kitchen and downstairs baths, and newly painted interiors and exteriors. Expansive windows and inviting living spaces are designed to capture water views from nearly every angle. Centering the main living room, a striking brick fireplace wall creates a welcoming focal point, while multiple gathering areas flow seamlessly to outdoor patios and charming entertaining courtyards. The updated main kitchen showcases crisp white cabinetry and new quartz countertops. Spanning just over 2,000 square feet, the thoughtfully arranged floorplan features two distinct wings, creating privacy and versatility. Upstairs is a living area, bedroom, full bath and kitchenette that was used as a spacious master suite and office. Upstairs features an elevated terrace which adds another open-air escape for lounging above it all. With a primary bedroom also downstairs, the upstairs alternatively it could be ideal for large families, multigenerational living, visitors or extended stays. Located within the secondary wing is a separate one bedroom, three-quarter bath guest quarters with private patio-only access. Along the water, a private pier and dock with room for multiple boats provides access for boating, paddleboarding, kayaking, and effortless harbor enjoyment. Completing the residence is an oversized attached two-car garage. Just moments away, Balboa Island’s Marine Avenue boutiques and dining, waterfront restaurants, yacht clubs, Peninsula beaches, and world-class. Newport Harbor recreation await. Exceptional opportunity to own an authentic North Bayfront home surrounded by some of coastal Orange County’s most sought-after real estate.

Location

1407 N Bay Front

Newport Beach, Orange, CA, 92662