Turnkey Short-Term Rental Opportunity with Transferable Newport Beach STR Permit! Rarely available, this fully remodeled 3-bedroom, 2-bathroom lower-level residence occupies the entire lower unit of the house and offers 1,050 square feet of refined coastal living with its own private patio and dedicated tandem two-car garage. Being sold fully furnished as an active and established short-term rental, complete with a coveted transferable Newport Beach short-term rental permit-delivering a true plug-and-play investment opportunity in the heart of Newport Beach's prestigious Balboa Peninsula. The open-concept interior showcases modern finishes including engineered hardwood flooring and a gourmet kitchen with a center island and stainless steel appliances. Abundant natural light streams through energy-efficient windows throughout, while the south/southeast-facing private front patio offers an ideal setting for al fresco dining and relaxing in the California sunshine. Additional highlights include updated bathrooms with contemporary fixtures, in-unit washer/dryer, ceiling fans, and the attached tandem two-car garage with ample storage. Located in the sought-after Finley Tract, the home is just steps from the sand, the Newport Pier, Lido Marina Village, world-class dining, shopping, and the vibrant Newport Beach harbor. This rare Peninsula gem offers the ideal blend of coastal lifestyle and exceptional investment performance. A true plug-and-play short-term rental-don't miss this opportunity to own a turnkey income property in one of Orange County's premier beach communities.