1320 W Balboa Boulevard
Newport Beach, CA 92661
- 7 beds
- 5 baths
- 2,371 sqft
- 3,049 sqft lot
- $1,678 per sqft
- 1955 build
- – on site
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!
Listed By CRMLS_CA / Tyler Brown / Compass / 949-220-4409
Last checked:
Checking…
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Last updated Nov 8, 2024
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MLS# NP24198991 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1955
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Drywall Walls
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Architectural Style:Bungalow
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Roof:Composition
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Structure Type:Duplex
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Exterior Features:Awning(s)
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Entry Level:1
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Patio:1
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Patio And Porch Features:Deck, Patio, Front Porch, Roof Top
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Foundation:Slab
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Accessibility Features:None
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Common Walls:No Common Walls
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Total Number Of Units:3
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Stories Total:2
Interior
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Features:Ceiling Fan(s), Granite Counters, High Ceilings, Recessed Lighting
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Levels:Multi/Split
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Entry Location:1
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Kitchen Features:Granite Counters, Kitchen Open to Family Room, Remodeled Kitchen
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Eating Area:Area, Breakfast Counter / Bar
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Door Features:Insulated Doors
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Window Features:Double Pane Windows, Insulated Windows
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Flooring:Vinyl
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Room Type:Living Room
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Living Area Units:Square Feet
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Living Area Source:Assessor
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Fireplace:No
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Fireplace:None
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Laundry:Gas Dryer Hookup, In Closet, In Garage, Stackable
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Laundry:1
Room Dimensions
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Living Area:2371.00
Location
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Directions:Balboa blvd North, property is on the right side
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Latitude:33.60689000
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Longitude:-117.91808800
The Property
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Property Type:Residential
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Subtype:Duplex
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Property Condition:Turnkey
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Lot Features:2-5 Units/Acre
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Lot Size Area:3049.0000
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Lot Size Acres:0.0700
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Lot Size SqFt:3049.00
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Lot Size Source:Assessor
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View:1
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View:Coastline, Ocean, Peek-A-Boo
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Fencing:Wood
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Fence:Yes
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Road Frontage:City Street
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Road Surface Type:Paved
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Additional Parcels:No
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Land Lease:No
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Lease Considered:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:234
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Tax Lot:6
Beds
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Total Bedrooms:7
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Main Level Bedrooms:4
Baths
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Total Baths:5
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Bathroom Features:Bathtub, Shower in Tub, Exhaust fan(s), Remodeled
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Full & Three Quarter Baths:5
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Main Level Baths:3
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Full Baths:5
The Listing
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Special Listing Conditions:Standard
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Parcel Number:04723328
Heating & Cooling
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Heating:1
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Heating:Ductless
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Cooling:Yes
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Cooling:Ductless, Wall/Window Unit(s)
Utilities
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Utilities:Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
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Sewer:Public Sewer
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Electric:220 Volts in Garage
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Water Source:Public
Appliances
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Appliances:Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Gas Water Heater, High Efficiency Water Heater, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Water Heater
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Included:Yes
Schools
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High School District:Newport Mesa Unified
The Community
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Subdivision:Balboa Peninsula (Residential) (BALP)
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Subdivision:Balboa Peninsula (Residential) (BALP)
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Senior Community:No
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Features:Sidewalks, Storm Drains, Street Lights, Suburban
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Pool:None
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Private Pool:No
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Waterfront Features:Across the Road from Lake/Ocean
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Spa Features:None
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Association:No
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Assessments:No
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Assessments:None
Parking
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Parking:Yes
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Parking:Carport, Attached Carport, Garage, Garage Faces Rear
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Parking Spaces:4.00
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Attached Garage:Yes
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Garage Spaces:2.00
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Carport Spaces:2.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
9/25/24
Sep 25, 2024
|
Listed / Active | CRMLS_CA | $3,980,000 | 155.1% (23.0% / YR) |
12/27/17
Dec 27, 2017
|
CRMLS_CA | $1,560,000 | -2.5% | |
11/16/17
Nov 16, 2017
|
CRMLS_CA | $1,600,000 |