1320 W Balboa Boulevard

Newport Beach, CA 92661

  • 7 Bed(s)
  • 5 Bath(s)
  • 2,371 Sqft
  • 3049
    Sqft(Lot)
$3,980,000

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!

  • Property Type

    Residential

  • County

    Orange

  • Style

    Bungalow

  • AD ID

    47024298

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Property Details

  • Bedroom Information

    • Total Bedrooms : 7

    Bathroom Information

    • Total Baths: 5
    • Full Baths: 5

    Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Composition
    • Exterior Property Features : Awning(s)
    • Interior Features: Breakfast Bar,Ceiling Fan(s),Granite Counters,High Ceilings,Recessed Lighting
    • Windows: Double Pane Windows,Insulated Windows
    • Property 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
    • Fireplace: None
    • Flooring: Vinyl

    Cooling Features

    • Ductless,Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Ductless
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1955
    • Construction: Drywall
    • Roof: Composition

    Exterior Features

    • Awning(s)

    Foundation

    • Slab

    Accessibility Features

    • None

    Pool Features

    • None

    Laundry Features

    • Gas Dryer Hookup,Laundry Closet,In Garage,Stacked

    Patio And Porch

    • Deck,Front Porch,Patio,Rooftop

    Fencing

    • Wood

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.07
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 3049

  • Listing Price Information

    • Original List Price: 3,980,000
    • Listing Contract Date: 2024-09-24

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 04723328

  • Garage and Parking

    • Garage Description: Attached Carport,Carport,Garage,Garage Faces Rear
    • Attached Garage: Yes

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: NP - Balboa Peninsula
    • Postal Code Plus 4: 1009
    • Directions: Balboa blvd North, property is on the right side
    • Source Property Type: Residential
    • Area: NP - Balboa Peninsula
    • Property SubType: Duplex

    Building and Construction

    • Property Age: 69
    • Common Walls: No Common Walls
    • Property Condition: Turnkey
    • Structure Type: Duplex
    • Year Built Source: Assessor
    • Total Square Feet Living: 2371
    • Entry Level: 1
    • Entry Location: 1
    • Levels or Stories: Multi/Split
    • Structure Type: Duplex
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BuyOwner last updated this listing 12/22/2024 @ 02:31

  • MLS: NP24198991
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 7 bedrooms which is for sale, it has 2,371 sqft, 3,049 sized lot, and 2 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Newport Beach , in zip code 92661, this Orange County Home , it is in the Balboa Peninsula (Residential) (BALP) Subdivision, are nearby neighborhoods.