1320 W Balboa BLVD Newport Beach, CA 92661
7 Beds
5 Baths
2,371 SqFt
UPDATED:
12/20/2024 12:18 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,371 sqft
Price per Sqft $1,678
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID NP24198991
Style Bungalow
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
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
Other Rooms Living Room
Master Bathroom 3
Main Level Bedrooms 4
Kitchen Granite Counters, Kitchen Open to Family Room, Remodeled Kitchen
Interior
Interior Features Ceiling Fan(s), Granite Counters, High Ceilings, Recessed Lighting
Heating Ductless
Cooling Ductless, Wall/Window Unit(s)
Flooring Vinyl
Fireplaces Type None
Appliance 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
Laundry Gas Dryer Hookup, In Closet, In Garage, Stackable
Exterior
Exterior Feature Awning(s)
Parking Features Carport, Attached Carport, Garage, Garage Faces Rear
Garage Spaces 2.0
Fence Wood
Pool None
Community Features Sidewalks, Storm Drains, Street Lights, Suburban
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
Handicap Access None
Porch Deck, Patio, Front Porch, Roof Top
Private Pool No
Building
Lot Description 2-5 Units/Acre
Dwelling Type Duplex
Story 2
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
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
Confidential INFO
SIGN ON PROPERTY 1
TERMS 1031 Exchange,Subject To Other
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW CONTACT NAME Tyler
SHOW CONTACT PH 9492204409
SHOW INSTRUCTIONS Contact Tyler Brown at 949-220-4409
GET MORE INFORMATION