1320 W Balboa Boulevard,  Newport Beach  (92661)

$3,980,000

7 bedrooms 7   5 bathrooms 5   2371 square feet 2,371
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Listed By: Tyler Brown of Compass

PROPERTY DETAILS

Address: view address
Newport Beach, CA 92661
Map Location
Features: Garage, Multi-level
Bedrooms:7Bathrooms:5 (full: 5)
Square Feet:2,371 sq.ft.Lot Size:3049.0
Year Built:1955Styles:Bungalow
Views:OceanProperty Type:Duplex
Neighborhood:Balboa Peninsula (Residential) (BALP)County:Orange
List Date:2024-09-24Listing Number:NP24198991
Listed By:CompassListing Office:949-220-4409
Days on market:2

PROPERTY 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!

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Interior

Appliances

Appliances:Microwave, Tankless Water Heater, Disposal, Dishwasher, Freezer, Gas Water Heater, Water Heater, Gas Oven, Vented Exhaust Fan, Gas Range, Range Hood, Refrigerator

Features

Fireplace features:NoneFlooring:Vinyl
Laundry Features:Gas Dryer Hookup, In Garage, Laundry ClosetLaundry:Yes
Window Features:Insulated Windows, Double Pane WindowsInterior Features:Ceiling Fan(s), Granite Counters, High Ceilings, Recessed Lighting, Breakfast Bar

Cooling & Heating

Cooling features:Ceiling Fan(s), Wall/Window Unit(s), DuctlessHeating features:Ductless
Heating:Yes

Exterior

Exterior and Lot

Foundation details:SlabRoof:Composition
Style:Bungalow

Pool and Spa

Pool Features:NoneSpa Features:None
Spa:Yes

Parking

Parking features:Attached, Carport, Attached Carport, Garage Faces Rear, GarageGarage spaces:2
Attached Garage:Yes

Property Features

Fencing:WoodExterior features:Awning(s)
Patio and Porch features:Deck, Front Porch, Patio

Property and Lot Details

Features

Community Features:Suburban, Sidewalks, Street Lights

View

Views:OceanHas View:Yes

Other

Sewer:Public Sewer

Fee

Special Listing Conditions:Standard

Building Information

Year Built:1955Levels:Multi/Split
Stories:2

Lot

Lot Dimensions:3049.0

Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

Loading Data...

Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Listed By: Tyler Brown of Compass