Located at the top of the Balboa Peninsula, just steps from the sand, this duplex is fully furnished and comes with two vacation rental short-term permits and proven rental income history. Whether you’re looking to invest, 1031 exchange, or eventually move in, this property has so much to offer. This is the first property i have ever seen that was designed and built specifically for vacation rental. This property features two beautifully designed, turnkey units: Rear Unit: 5BR / 3.5BA — Private direct access from the 2-car garage, open-concept kitchen and living, large bonus/media room, and a rooftop deck with city and mountain views. Front Unit: 3BR / 2.5BA — A charming beachside retreat with a welcoming front porch on 32nd Street, perfect for indoor-outdoor living and entertaining. You can see the 32nd Street Lifeguard tower on the sand from the front of the house Additional features include AC & heat, 4-car parking (2-car garage + 2-car carport), and very nice finishes throughout Just a short stroll to the beach, Lido Marina Village, the Bayfront, local boutiques, coffee shops, and top-tier dining. Fast access to PCH and nearby freeways. Whether you're an investor seeking immediate income and long-term appreciation, or a future homeowner wanting to lock in your dream home today and buy later—this is a Newport Beach opportunity you don’t want to miss.