Active
1320 W Balboa BLVD
NEWPORT BEACH CA, 92661
$3,980,000
$1,678.62 per sqft
Active
7 Beds
5 Baths
2,371 sqft
Multi-family
Built in 1955
Investor Opportunity: Turnkey Duplex on Newport Beach's Balboa Peninsula Introducing a fully remodeled, income-producing duplex in the heart of Newport Beach s prestigious Balboa Peninsula. This turnkey property offers a rare investment opportunity with a proven history of strong short-term rental income. Each of the two units features three bedrooms, two bathrooms, upgraded kitchens, recessed lighting, and individual HVAC systems ideal for maximizing guest comfort and rental appeal. The property includes a versatile one-bedroom, one-bath bonus suite in the rear unit, as well as dedicated laundry facilities for each unit, adding flexibility and convenience for long- or short-term stays. Outdoor spaces are abundant, with three open patios and a rooftop deck perfect for entertaining and capturing California s coastal lifestyle. Operating with two highly sought-after short-term lodging permits, this duplex has consistently generated impressive rental income. The prime location offers immediate access to both the bay and the beach, ensuring strong demand from vacationers. With ample parking and proximity to world-class beaches, shopping, and dining, this property is an investor s dream. Seize the chance to own a premium, high-performing rental property in Newport Beach. Contact us today to schedule a showing!
NP24198991MR
MLSⓇ ID
September 24, 2024
Listed
December 20, 2024
Updated
Map
1320 W Balboa BLVD
NEWPORT BEACH CA, 92661
Interior Features
Total Stories
2
Bedrooms
7
Total Bathrooms
5
Full Bathrooms
5
Appliances
Dishwasher, Freezer, Garage, Gas Dryer Hookup, In Closet, Laundry Closet Stacked, Microwave, Refrigerator, Stackable W/D Hookup, Vented Exhaust Fan
Laundry Description
Garage, Gas Dryer Hookup, In Closet, Laundry Closet Stacked, Stackable W/D Hookup
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Ductless, Wall/Window Unit(s)
Heating
Yes
Heating Description
Ductless
Exterior/Building Features
Lot Size
0.07 Acres
Architectual Style
Bungalow
Roof
Composition
Sewer
Public Sewer
School Information
School District
Newport Mesa Unified
Other Property Details
Area Name
Balboa Peninsula
Days on Market
83
Garage
Yes
Garage Spaces
2
Parking
Carport, Garage
Parking Total
4
View
Yes
View Description
Coastline, Ocean, Peek-A-Boo
County
Orange
Water Source
Public
Pool
No
Pool Features
None
Listed by Tyler Brown with Compass
Listing Contact: 949-220-4409
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor The Niche shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 12/20/2024