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Discover authentic coastal living in the heart of the picturesque Balboa Peninsula. Located a mere ten homes away from the beach within the famed 100 block, and moments from Newport Beach's radiant sands and shimmering sea, this premier parcel epitomizes flexibility. Your dream beach home is now attainable. Enjoy it when you wish, and rent it when you choose. This dual-offering presents a perfect blend of significant income potential and personal beachside luxury. The property, spanning approximately 2,474 square feet, consists of two fully furnished units and underwent an exhaustive remodel and re-piping in 2020. Introduced by a private staircase, Unit B radiates elegance and style. With three bedrooms and two bathrooms, it features a spacious dining area and a balcony perfect for BBQ evenings. From its dramatic tongue and groove vaulted ceilings to sun-filled skylights, Dutch entry doors, custom designer tiles, and luxury vinyl plank flooring, every detail exudes sophistication. On the ground floor, Unit A is a contemporary gem with an open-plan design. It encompasses two bedrooms and two bathrooms and is adorned with upgrades such as Nest thermostats, recessed lighting, stainless steel appliances, custom cabinetry, designer subway tile backsplashes, and flawless countertops. 2711 W Balboa isn't merely a residence; it's a remarkable opportunity. With two short-term rental permits in hand, it boasts a cap rate of approximately 3%, offering considerable upside potential. Situated near iconic beaches, world-class dining, and the renowned Fashion Island Shopping center, this property is both a golden chance for steady income and a beachside paradise. Embrace the flexibility and make the beach both your backyard and your business.