Listing date: 2024-12-20, Last update: 2024-12-27

$3,980,000 For Sale

1320 W Balboa Boulevard, Newport Beach, CA 92661

  • 7Beds
  • 5Baths
  • 2,371
    sqft
  • 3,049
    sqft Lot
  • 7 Beds
  • 5 Baths
  • 2,371 sqft
  • 3,049 sqft lot
Property Highlight
Year built
1955
Listed for
21 days
Price / Home Size
$1678 / sqft
Parking
4
HOA
$0 / mo
A/C
Ductless, Wall Window Units
Home Type
Duplex
View
Coastline,Ocean,Peek A Boo
    Description

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!

Listing Provided Agent
  • • Name: Tyler Brown
  • • DRE: 02043514
  • • Email: tyler@tylerbrownre.com
  • • Phone: -
Listing Provided Office
  • • Name: Compass
  • • Email: -
  • • Phone: 949-438-4340
Source
  • • CRMLS #NP24198991crmls logo
Local Information
Home Details for 1320 W Balboa Boulevard
Interior
Features
  • Breakfast Bar, Ceiling Fans, Granite Counters, High Ceilings, Recessed Lighting
  • Window: Double Pane Windows, Insulated Windows
  • Doors: Insulated Doors
  • Common walls: No Common Walls
Appliances
  • Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Gas Water Heater, High Efficiency Water Heater, Microwave, Refrigerator, Range Hood, Tankless Water Heater, Vented Exhaust Fan, Water Heater
  • Laundry: Gas Dryer Hookup, Laundry Closet, In Garage, Stacked
Bathrooms
  • 3 main level bathrooms
  • 5 full bathrooms
  • 5 total bathrooms
Bedrooms
  • 4 main level bedrooms
  • 7 total bedrooms
Rooms
  • Living Room
Heating & Cooling
  • Heating: Ductless
  • Cooling: Ductless, Wall Window Units
Living Area
  • 2,371 sqft
Exterior
Features
  • Awnings
  • Home Type: Residential
  • New Construction: No
  • Levels: Multi Split
  • Stories: None
  • Entry Level: 1
  • Entry Location: 1
  • Fence: Wood
  • Patio & Porch: Deck, Front Porch, Patio, Rooftop
  • View: Coastline, Ocean, Peek A Boo
Parking & Garage
  • # of Parking spaces: 4
  • Parking features: Attached Carport, Carport, Garage, Garage Faces Rear
  • Has attached garage
  • Garage Spaces: 2
Lot
  • Size: 3,049 sqft
  • Size source: Assessor
  • Elevation Unit: Feet
Materials
  • Drywall
  • Foundation: Slab
  • Roof: Composition
Details
  • Parcel Number: 04723328
  • Architectural Style: Bungalow
  • Special Condition: Standard
  • Property Condition: Turnkey
  • # of Total unit: 3
  • Common Interest: None
  • Accessibility: None
Utilities
Utilities
  • Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Water: Public
  • Sewer: Public Sewer
  • Electric: Volts220In Garage
Community & HOA
Community
  • Storm Drains, Street Lights, Suburban, Sidewalks
HOA
Property Financial History
DateEventPrice
12/20/2024Source: CRMLS #NP24198991
Back on Market
-
12/17/2024Source: CRMLS #NP24198991
Off Market
-
09/25/2024Source: CRMLS #NP24198991
Listed for Sale
$ 3,980,000
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