1320 W Balboa BLVD Active

Newport Beach,CA 92661

$ 3980000

7 Beds

5 Baths

- SqFt


Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID NP24198991

Bedrooms 7

Full Baths 5

Construction Status Turnkey

HOA Y/N No

Year Built 1955

Lot Size 3,049 Sqft

Acres 0.07

Property 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!

Location

State CA

County Orange

Area Np - Balboa Peninsula

Rooms

Main Level Bedrooms 4

Ensuite Laundry Gas Dryer Hookup,Laundry Closet,In Garage,Stacked

Interior

Interior Features Breakfast Bar,Ceiling Fan(s),Granite Counters,High Ceilings,Recessed Lighting

Laundry Location Gas Dryer Hookup,Laundry Closet,In Garage,Stacked

Heating Ductless

Cooling Ductless,Wall/Window Unit(s)

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance 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 Gas Dryer Hookup,Laundry Closet,In Garage,Stacked

Exterior

Exterior Feature Awning(s)

Garage Attached Carport,Carport,Garage,Garage Faces Rear

Garage Spaces 2.0

Carport Spaces 2

Garage Description 2.0

Fence Wood

Pool None

Community Features Storm Drain(s),Street Lights,Suburban,Sidewalks

Utilities Available Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected

Waterfront Description Across the Road from Lake/Ocean

View Y/N Yes

View Coastline,Ocean,Peek-A-Boo

Roof Type Composition

Accessibility None

Porch Deck,Front Porch,Patio,Rooftop

Parking Type Attached Carport,Carport,Garage,Garage Faces Rear

Attached Garage Yes

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre

Dwelling Type Duplex

Story 2

Entry Level Multi/Split

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Bungalow

Level or Stories Multi/Split

New Construction No

Construction Status Turnkey

Schools

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 04723328

Acceptable Financing 1031 Exchange,Subject To Other

Listing Terms 1031 Exchange,Subject To Other

Special Listing Condition Standard

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