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

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