Active
1320 W Balboa Boulevard
Newport Beach CA, 92661
$3,980,000
$1,678.62 per sqft
Active
7 Beds
5 Baths
2,371 sqft
Multi-family
Built in 1955
Listed by Tyler Brown with Compass 949-220-4409
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!
NP24198991
MLSⓇ ID
September 25, 2024
Listed
November 8, 2024
Updated
Map
1320 W Balboa Boulevard
Newport Beach CA, 92661
Interior Features
Total Stories
2
Bedrooms
7
Total Bathrooms
5
Full Bathrooms
5
Interior Features
Breakfast Bar, Ceiling Fan(s), Granite Counters, High Ceilings, Recessed Lighting
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
Laundry Description
Gas Dryer Hookup, Laundry Closet, In Garage, Stacked
Floor Description
Vinyl
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Ductless, Wall/Window Unit(s)
Heating
Yes
Heating Description
Ductless
Exterior/Building Features
Lot Size
0.07 Acres
Exterior Features
Awning(s)
Lot Features
2-5 Units/Acre
Architectual Style
Bungalow
Roof
Composition
Sewer
Public Sewer
School Information
School District
Newport Mesa Unified
Other Property Details
Area Name
NP - Balboa Peninsula
Days on Market
44
Garage
Yes
Garage Spaces
2
Parking
Attached Carport, Carport, Garage, Garage Faces Rear
Parking Total
4
View
Yes
View Description
Coastline, Ocean, Peek-A-Boo
County
Orange
Water Source
Public
Pool
No
Pool Features
None
Waterfront
Yes
Listing Contact: 949-438-4340
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/8/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 11/8/2024 at 10:52 PM UTC