About 1320 Balboa Boulevard
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!
Features of 1320 Balboa Boulevard
| MLS® # | NP24198991 |
|---|---|
| Price | $3,880,000 |
| Bedrooms | 7 |
| Bathrooms | 5.00 |
| Full Baths | 5 |
| Square Footage | 2,371 |
| Acres | 0.07 |
| Year Built | 1955 |
| Type | Residential |
| Sub-Type | Duplex |
| Style | Bungalow |
| Status | Active |
Community Information
| Address | 1320 Balboa Boulevard |
|---|---|
| Area | NP - Balboa Peninsula |
| Subdivision | Balboa Peninsula (Residential) (BALP) |
| City | Newport Beach |
| County | Orange |
| Zip Code | 92661 |
Amenities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected |
|---|---|
| Parking Spaces | 4 |
| Parking | Attached Carport, Carport, Garage, Garage Faces Rear |
| # of Garages | 2 |
| Garages | Attached Carport, Carport, Garage, Garage Faces Rear |
| View | Coastline, Ocean, Peek-A-Boo |
| Is Waterfront | No |
| Waterfront | Across the Road from Lake/Ocean |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Vinyl |
|---|---|
| Interior Features | Breakfast Bar, Ceiling Fan(s), Granite Counters, High Ceilings, Recessed Lighting |
| Appliances | 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 |
| Heating | Ductless |
| Cooling | Ductless, Wall/Window Unit(s) |
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | Multi/Split |
Exterior
| Exterior | Drywall |
|---|---|
| Exterior Features | Awning(s) |
| Lot Description | TwoToFiveUnitsAcre |
| Windows | Double Pane Windows, Insulated Windows |
| Roof | Composition |
| Construction | Drywall |
| Foundation | Slab |
School Information
| District | Newport Mesa Unified |
|---|
Additional Information
| Date Listed | September 24th, 2024 |
|---|---|
| Days on Market | 98 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Tyler Brown |
|---|---|
| Office | Compass |