1320 W Balboa Boulevard

Newport Beach, CA 92661

$3,980,000

List Price

7

bed Beds

5

shower Baths

2,371 sqft

straighten / sqft

1955

calendar_month Built

Open Houses

Next available: Friday, November 22nd, 2024 11:00 am - 2:00 pm

Save to Open House Schedule

calendar_month Friday, November 22nd, 2024

11:00 am - 2:00 pm • Save to Open House Schedule

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!

Listing Information

List Price $3,980,000
Status Active
MLS NP24198991
HOA $0
Type Residential
Subtype Duplex
Year Built 1955
Lot Size 3,049
Structure Size 2,371
DOM 57
Courtesy Of Compass
Listing Agent Tyler Brown DRE#02043514

Interior Features

Laundry Information
Location(s) Gas Dryer Hookup, Laundry Closet, In Garage, Stacked
Kitchen Information
Features Granite Counters, Kitchen/Family Room Combo, Remodeled, Updated Kitchen
Total Bedroom
Bedrooms 7
Bathroom Information
Features Bathroom Exhaust Fan, Bathtub, Remodeled, Tub Shower
Total Bathroom
Bathrooms 5
Flooring Information
Material Vinyl
Fireplace Information
Features None
Additional Information
Additional Features Breakfast Bar, Ceiling Fan(s), Granite Counters, High Ceilings, Recessed Lighting
Cooling Type
Cooling Type Ductless, Wall/Window Unit(s)

Exterior Information

Other Structures
Features Deck, Front Porch, Patio, Rooftop
View Yes

Maps

Listing information courtesy of: Tyler Brown, Compass . *Based on information from the Association of REALTORS/Multiple Listing as of Nov 22nd, 2024 at 2:23 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.