$3,980,000
Beds:
7
Baths:
5
Sqft:
2,371
Sqft lot:
3,049
Acre lot:
0.07
63 Days On Market -
Property listed by Compass, Tyler Brown 949-220-4409
Status:
Active
Property Type:
Duplex
Year Built:
1955
Neighborhood:
Balboa Peninsula (residential) (balp)
Days On Website:
63
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!
Features
Property Access
- Road frontage type: CityStreet
- Road surface type: Paved
Appliances & Equipment
- Dishwasher
- Freezer
- Disposal
- GasOven
- GasRange
- GasWaterHeater
- HighEfficiencyWaterHeater
- Microwave
- Refrigerator
- RangeHood
- TanklessWaterHeater
- VentedExhaustFan
- WaterHeater
Bathrooms
- 3 main level bathrooms
- 5 full bathrooms
- 5 total bathrooms
Bedrooms
- 4 main level bedrooms
- 7 total bedrooms
Building
- Built in 1955
- Levels: MultiSplit
- Living area: 2371
- Architectural style: Bungalow
- Common walls: NoCommonWalls
- Construction materials: Drywall
Community
- StormDrains
- StreetLights
- Suburban
- Sidewalks
Cooling
- Ductless
- WallWindowUnits
Doors
- InsulatedDoors
Accessibility Features
- Accessibility features: None
Exterior Features
- Awnings
Fence
- Wood
Fireplaces
- None
Floors
- Vinyl
Garage
- 2 spaces
Heating
- Ductless
Interior Features
- BreakfastBar
- CeilingFans
- GraniteCounters
- HighCeilings
- RecessedLighting
Laundry
- GasDryerHookup
- LaundryCloset
- InGarage
- Stacked
Listing
- ListingID: NP24198991
- Standard status: Active
- 58 days on market
Location
- Country: US
- Subdivision name: Balboa Peninsula (Residential) (BALP)
Lot
- 0.07 acres
- 3,049 square feet
- Size: 3,049
- TwoToFiveUnitsAcre
Parking
- 2 carport spaces
- 4 totals parking
- AttachedCarport
- Carport
- Garage
- GarageFacesRear
Pool
- None
Possession
- ClosePlus3Days
Property
- Deck
- FrontPorch
- Patio
- Rooftop
- Coastline
- Ocean
- PeekABoo
- AcrossTheRoadFromLakeOcean
Roof
- Composition
Sewer
- PublicSewer
Spa
- None
Utilities
- Volts220InGarage
- CableConnected
- ElectricityConnected
- NaturalGasConnected
- PhoneConnected
- SewerConnected
- WaterConnected
Windows
- DoublePaneWindows
- InsulatedWindows
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
Country: US
Nearby Schools
Local Sales
Kurt Steffien
coastandvalley@helpusell.com
