MLS# NP24198991 - 1320 W Balboa Boulevard, Newport Beach, CA 92661
$3,980,000
Beds:
7
Baths:
5
Sqft:
2,371
Sqft lot:
3,049
Acre lot:
0.07
62 Days On Market
Courtesy of Compass
Status:
Active
Property Type:
Townhome
Year Built:
1955
Days On Website:
62
Property Details for 1320 W Balboa Boulevard, Newport Beach, CA 92661
Description
Investor Opportunity: Turnkey Duplex on Newport Beach's Balboa Peninsula Introducing a fully remodeled, income-producing duplex in the heart of Newport Beachs 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 systemsideal 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 Californias 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 investors dream. Seize the chance to own a premium, high-performing rental property in Newport Beach. Contact us today to schedule a showing!
Open House
Features
Bathrooms
- 5 full bathrooms
- 5 total bathrooms
Bedrooms
- 7 bedrooms
- 7 total bedrooms
Building
- 2,371 estimated square feet
- Source: Assessor Record
- Built in 1955
- 2 stories
- Deck
- Patio
- Roof Top
- split level
Cooling
- Wall/Window
Fence
- Wood
Floors
- Linoleum/Vinyl
Water Features
- Gas
- Tankless
- High Eff. Water Heater
- Public
Interior Features
- Interior wall: drywall
Laundry
- Closet Full Sized
- Closet Stacked
- Garage
- Gas
Listing
- Source: SDMLS
- For Sale
- 62 days on market
- Listed on 2024-09-24
Location
- County: Orange
Lot
- Approximately 3,049 square feet
- 1-3,999 SF
- Approximately 0 acres
Miscellaneous
- Storm Drains
- Suburban
Garage
- 2 garage parking spaces
- Garage
Parking
- 4 total parking spaces
- Non-Garage Parking: Carport
Property
- Ocean
- Coastline
- Peek-A-Boo
Roof
- Composition
Sewer
- Public Sewer
Property Map
Map View
$3,980,000 - 1320 W Balboa Boulevard, Newport Beach, CA 92661
Street View
Directions
1320 W Balboa Boulevard
Newport Beach, CA 92661
County: Orange