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. Conta
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Last updated Nov 23, 2024
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MLS# CRNP24198991 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1955
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Levels:Multi/Split
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Entry Level:1
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Foundation Details:Slab
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Construction Materials:Other
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Architectural Style:Bungalow
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Window Features:Double Pane Windows
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Accessibility Features:None
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Other Equipment:Other
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Green Energy Efficient:Water Heater
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Building Area Total:2371
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Building Area Units:Square Feet
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Building Area Source:Assessor Agent-Fill
Interior
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Interior Features:Kitchen/Family Combo
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Flooring:Vinyl
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Kitchen Features:Breakfast Bar, Counter - Stone, Dishwasher, Garbage Disposal, Gas Range/Cooktop, Microwave, Refrigerator, Updated Kitchen, Other
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Fireplace:false
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Fireplace Features:None
Room Dimensions
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Living Area:2371
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Living Area Units:Square Feet
Location
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Directions:Balboa blvd North, property is on the right side
The Property
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View:Other
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View:true
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Property Type:Residential
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Property Subtype:Duet
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Lot Features:Street Light(s)
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Lot Size Area:0.07
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Lot Size Acres:0.07
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Lot Size SqFt:3049
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Lot Size Units:Acres
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Exterior Features:Other
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Parcel Number:04723328
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Fencing:Wood
Listing Agent
- Contact info:
- No listing contact info available
Beds
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Bedrooms Total:7
Baths
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Total Baths:5
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Full Baths:5
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Bath Includes:Shower Over Tub
The Listing
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Listing Terms1031 Exchange
Heating & Cooling
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Cooling:Ceiling Fan(s)
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Cooling:true
Utilities
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Utilities:Sewer Connected
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Dishwasher
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Laundry Features:Gas Dryer Hookup
Schools
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High School District:Newport-Mesa Unified
The Community
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Pool Private:false
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Pool Features:None
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Association:false
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# of Units In Community:3
Parking
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Garage:true
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Attached Garage:true
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Garage Spaces:2
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Carport:false
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Parking Total:4
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Parking Features:Attached
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Covered Spaces:2
Monthly cost estimate
Asking price
$3,980,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$21,311
|
| Taxes | N/A |
| Insurance | $1,094 |
| Utilities | $171 See report |
| Total | $22,576/mo.* |
| *This is an estimate |
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).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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2/15/16
Feb 15, 2016
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Sold | CRMLS_CA |
