Seize the day! A wonderful opportunity to own an immediate income generator on the waterfront in Newport Beach. Situated along the shoreline adjacent to Blackies Beach, this oversized, mixed use (MU-W2) oceanfront duplex with five car parking checks all of the boxes needed to poise this property as a standout amongst the competition. With a thoughtful design the units each enjoy large private terraces from which to enjoy panoramic views of sunsets behind Catalina, the Newport Pier and the dramatic ocean shore break. The lower level three bedroom, two bath unit features an open concept layout with the living, dining, and kitchen areas all opening onto a seaside patio perfect for barbecues and neighborhood fun. A separate private foyer entrance leads to the upper level three bedroom, three bath unit highlighted by dramatic vaulted wood-beamed ceilings which frame the unobstructed coastline views. Glass sliders open to a splendid covered terrace from which to enjoy morning coffee or a sunset glass of wine. There is also a large third floor attic area with a beamed corner ceiling that is permitted as storage. Additional features include individual laundry in each unit, abundant storage, two car garage and three outdoor parking spaces and a prized corner location. Enjoy the renaissance of the Balboa Peninsula from this extraordinary oceanfront property just steps from the myriad new dining and entertainment options.