The quintessential, remodeled, 1922 cottage-style, beach home everyone is looking for. This single-family residence has been split into two units with a common laundry room and shared half bathroom. It is a positive cash flow property with the perfect Balboa Peninsula location. It is found on the beach side of Balboa Blvd, just a few houses from the sand, and across from Jack’s Surf Shop shopping center and the famous Woody’s Wharf. It is just minutes from the freeways (55,73,405), John Wayne Airport, shopping at Fashion Island, and South Coast Plaza, and within easy distance to Disneyland, Knott’s Berry Farm, and Anaheim Convention Center. The property has a newer roof and French windows. The front, lower unit boasts a quaint, white railed front porch with seating to enjoy the passersby and street views. Recently remodeled with Travertine tile, new paint, newer bathrooms, newer granite kitchen counters, appliances and more. Its approximately 1,200 square foot floor plan includes 2 bedrooms and 1 bathroom (plus a shared half bath). The upper unit is approximately 900 square feet with an open and airy floor plan. It was remodeled just a few years ago and includes 2 bedrooms and 1 bathroom (plus a shared half bath). This unique property affords the opportunity to live in the lower unit while renting the upper unit. Newport Beach is well known for the finest restaurants, beaches, shopping, and home to many stars and professional Athletes. Life at its finest.