1320 W Balboa Boulevard
Newport Beach, CA 92661
2371 sqft | 7 beds | 5 baths | 0.07 acres | #NP24198991
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!
Property Details
- Utility FeaturesCableConnected, ElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected
- InteriorBreakfastBar, CeilingFans, GraniteCounters, HighCeilings, RecessedLighting
- SubdivisionBalboa Peninsula (Residential) (BALP)
- ViewCoastline, Ocean, PeekABoo
- School DistrictNewport Mesa Unified
- Lot DescriptionTwoToFiveUnitsAcre
- Sewer InformationPublicSewer
- Original List Price$3,980,000
- MLS #NP24198991
- MLS #NP24198991
- Property TypePurchase
- Exterior MaterialsAwnings
- Cost3980000
- Utility SourcePublic
- CountyOrange
- Property SubtypeDuplex
- Structure TypeDuplex
- Acres0.07
- Square Feet2371
- Year Built1955
- FoundationSlab
- Bedrooms7
- Bathrooms5
- Full Baths5
- Stories2
- Parking Spaces2
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Tyler Brown (#NP60807)
Listing Office: Compass (#NP60725)
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