211 Cypress St, Newport Beach, CA 92661

Property Description

RARE BALBOA PENINSULA OPPORTUNITY - Discover the quintessential Newport Beach lifestyle at 211 Cypress, a beautifully updated coastal duplex ideally positioned in the heart of the Balboa Peninsula. Just moments from the beach, bay, Balboa Fun Zone, dining, entertainment, and waterfront recreation, this versatile property offers an exceptional blend of lifestyle, income, and future potential. The property features two thoughtfully updated 2-bedroom, 1-bath residences totaling approximately 1,896 square feet on an approximately 3,049 square foot lot. The lower residence is currently leased until May 2027 at $4,200 per month and upper residence is currently on a 12 month lease expiring September 2027 at $4,695 per month, providing immediate rental income. Great for an owner-user, second-home retreat, or investor seeking additional rental income. Both residences have been tastefully upgraded with remodeled kitchens and bathrooms, central air fan, new appliances, wine refrigerators, and modern finishes throughout. Outdoor spaces are equally inviting, featuring upgraded paver hardscape, privacy fencing, a fire pit lounge, and areas designed for relaxed coastal entertaining. Beyond its immediate appeal, 211 Cypress offers exciting future value-add possibilities. Whether you're looking for a primary residence, beach getaway, owner-user investment, or a property with long-term upside, 211 Cypress offers a rare opportunity to own in one of Newport Beach's most sought-after coastal communities. From here, enjoy easy access to the Newport Harbor Yacht Club, Balboa Fun Zone, Balboa Pier, Pavilion, Davy's Locker sport fishing, waterfront dining, boating, shopping, and endless beach days all just moments from your doorstep. Property lot size will support construction of a new building or expansion up to 4,200 ft. Buyer to independently verify square footage, zoning, development potential, short-term rental regulations, and all future use possibilities with the City of Newport Beach and appropriate professionals.