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1320 W Balboa Blvd
For Sale $3,980,000 ($1,678.62 per Sq Ft)
$3,980,000 ($1,678.62 per Sq Ft)
- 7 Bedrooms
- 5 Bathrooms
- 2,371 Sq Ft
- 3,049 Sq Ft
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!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Upcoming Open House
Friday November 22nd, 2024
from 11:00 am - 2:00 pm
Friday November 22nd, 2024
from 11:00 am - 2:00 pm
Property Details
| List Price | $3,980,000 |
| Property Type | Duplex (2-units) |
| Usable Sqft | 2,371 |
| Number of Stories | 2 stories |
| Parking Spots | 2 spots |
| Year Built | 1955 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 04723328 |
| MLS # | NP24198991 |
| Property ID | 320882990 |
| Lot Sqft | 3,049 |
| Zoning | Unknown |
| Total Units | 3 |
| Days on Market | 59 |
| Original List Price | $3,980,000 |
| Applicances | 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% |
| Date Updated | November 21, 2024 |
| Date Created | September 24, 2024 |
Listing Provided By
Tyler Brown an agent of . Lic #02043514
© 2024 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of November 21, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT