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Armand Martin

armand.martin@exprealty.com +1(661) 221-5011

$ 3,695,000

Est. payment | -/mo

4 Beds

2 Baths

1,896 SqFt

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$ 3,695,000

Est. payment | -/mo

Save

4 Beds

2 Baths

1,896 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,896 sqft

Price per Sqft $1,948

MLS Listing ID 26833345

Style Contemporary

Bedrooms 4

Construction Status Updated/Remodeled

Year Built 1961

Lot Size 3,133 Sqft

Acres 0.07

Property Sub-Type Multi-Family

Property Description

Located in the heart of the Balboa Peninsula, 211 Cypress presents a rare opportunity to own a traditional beach house just steps from the Balboa Fun Zone, local restaurants, the bay, and the beach. This well-positioned coastal duplex offers immediate income potential, owner-user flexibility, and long-term redevelopment upside in one of Newport Beach's most desirable waterfront communities. The property consists of two updated 2-bedroom, 1-bath residences totaling approximately 1,896 square feet on an approximately 3,049 square foot lot. The lower unit is currently tenant-occupied on a month-to-month lease at $4,200 per month, providing stable in-place income from day one. The upper unit, previously rented for $5,000 per month, will be delivered vacant at closing, creating an ideal opportunity for a buyer seeking a second-home retreat with supplemental rental income or an investor looking to maximize future cash flow. Both residences have been thoughtfully updated with remodeled kitchens and bathrooms, central air conditioning, upgraded finishes, and new appliances throughout, including wine refrigerators. Outdoor improvements include upgraded paver hardscape, privacy fencing, a fire pit lounge area, and inviting entertaining spaces designed to embrace indoor-outdoor coastal living. The property also offers future value-add potential. Existing garage areas may present opportunities for conversion into additional living or flexible-use space, subject to buyer verification with the City of Newport Beach. Neighboring properties further suggest the possibility for future expansion opportunities through enhanced building envelopes closer to the front setback line. Whether envisioned as a primary residence, vacation getaway, owner-user investment, or long-term redevelopment opportunity, 211 Cypress delivers a versatile coastal lifestyle property in a premier Balboa Peninsula location. Buyer to verify all square footage, zoning, short-term rental regulations, development potential, and future use possibilities with the City of Newport Beach and appropriate professionals.

Location

State CA

County Orange

Area Balboa Peninsula

Rooms

Other Rooms None

Dining Room 1

Kitchen Remodeled, Quartz Counters

Interior

Interior Features Furnished

Heating Central, Natural Gas

Cooling Gas, Air Conditioning

Flooring Vinyl Plank

Equipment Washer, Stackable W/D Hookup, Refrigerator, Range/Oven, Freezer, Garbage Disposal, Gas Dryer Hookup, Microwave, Dryer, Dishwasher

Laundry In Unit, Garage

Exterior

Parking Features Private Garage, Garage Is Detached

Garage Spaces 2.0

Waterfront Description Across the Road from Lake/Ocean

View Y/N Yes

View Walk Street

Roof Type Asphalt

Building

Lot Description Alley Paved, Walk Street, Street Concrete, Sidewalks, Front Yard, Exterior Security Lights

Story 2

Foundation Slab

Water Public

Architectural Style Contemporary

Level or Stories Two

Construction Status Updated/Remodeled

Schools

School District Newport Mesa Unified

Others

Special Listing Condition Standard

Pets Allowed Pets Permitted

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Christopher Garner

Nearby Locations

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Armand Martin

+1(661) 221-5011

armand.martin@exprealty.com

211 Cypress St Newport Beach, CA 92661

Armand Martin

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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211 Cypress St