1320 W Balboa Boulevard
Newport Beach, CA, 92661
$3,980,000
7 Beds
5 Baths
2,371 SqFt
0.07 Acres
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Investor Opportunity: Turnkey Duplex on Newport Beach&#39'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

Price:
$3,980,000
MLS #:
NP24198991
Status:
Active
Beds:
7
Baths:
5
Address:
1320 W Balboa Boulevard
Type:
Single Family
Subtype:
Duplex
Subdivision:
Balboa Peninsula Residential BALP
Neighborhood:
npbalboapeninsula
City:
Newport Beach
Listed Date:
Sep 24, 2024
State:
CA
Finished Sq Ft:
2,371
ZIP:
92661
Lot Size:
3,049 sqft / 0.07 acres (approx)
Year Built:
1955
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Schools

Interior

Accessibility Features
None
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
Cooling
Ductless, Wall/ Window Unit(s)
Fireplace Features
None
Flooring
Vinyl
Heating
Ductless
Interior Features
Ceiling Fan(s), Granite Counters, High Ceilings, Recessed Lighting
Window Features
Double Pane Windows, Insulated Windows

Exterior

Community Features
Sidewalks, Storm Drains, Street Lights, Suburban
Electric
220 Volts in Garage
Exterior Features
Awning(s)
Fencing
Wood
Foundation Details
Slab
Garage Spaces
2.00
Lot Features
2-5 Units/ Acre
Parking Features
Carport, Attached Carport, Garage, Garage Faces Rear
Parking Spots
4.00
Pool Features
None
Roof
Composition
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
Coastline, Ocean, Peek- A- Boo
Water Source
Public

Financial

Association Fee
0.00
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Map

Community

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Rover IDX
1320 W Balboa Boulevard
Newport Beach, CA