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

October 17, 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

21


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 10/17/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/17/2024 at 8:21 PM UTC

 

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