Presenting a rare investment opportunity on Newport Beachs Balboa Peninsula, this stylish duplex offers both versatility and value, featuring a coveted short-term lodging permit for both unitsa sought-after asset. Located on the ocean side of Balboa Boulevard, this property provides quintessential coastal living with close access to the sand and surf. The lower unit, a charming 2-bedroom, 2-bath retreat, offers comfortable, perfect for beachside relaxation. Upstairs, the 3-bedroom, 2-bath unit boasts soaring, beamed ceilings, adding a sense of openness and architectural character. The upper units inviting living room extends to a private deck where ocean views enhance the outdoor space, making it ideal for alfresco dining or sunset relaxation. A second private deck off the primary bedroom allows for a quiet escape, bathed in the ocean breeze. Completing the property is a spacious four-car garage, a rare convenience on the Peninsula, providing ample parking or storage for beach gear and more. This Balboa Peninsula duplex not only provides flexible living arrangements but also captures the essence of coastal charmperfect for a primary residence, vacation retreat, or rental income opportunity in one of Southern Californias most desirable beachfront communities.