Newport Beach, CA 92661 1320 W Balboa Boulevard
$3,850,000
Presented By: Tyler Brown with Compass; 949-220-4409
Beds • 7
Baths • 5
SQFT • 2,371
Garage • 2
Year Built • 1955
Home Details
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.
Presented By: Tyler Brown with Compass; 949-220-4409
Interior Features for 1320 W Balboa Boulevard
Bedrooms
Main Level Bedrooms4
Total Bedrooms7
Bathrooms
Main Level Bathrooms3
Total Baths5
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringVinyl
Heating Y/NYes
Interior AmenitiesBreakfastBar, CeilingFans, GraniteCounters, HighCeilings, RecessedLighting
Laundry FeaturesGasDryerHookup, LaundryCloset, InGarage, Stacked
LivingAreaSourceAssessor
Total Stories2
Window FeaturesDoublePaneWindows, InsulatedWindows
Other Rooms
Entry Level1
General for 1320 W Balboa Boulevard
AccessibilityNone
Additional Parcels Y/NNo
AppliancesDishwasher, Freezer, Disposal, GasOven, GasRange, GasWaterHeater, HighEfficiencyWaterHeater, Microwave, Refrigerator, RangeHood, TanklessWaterHeater, VentedExhaustFan, WaterHeater
Architectural StyleBungalow
Attached Garage Yes
Carport Spaces2.0
Carport Y/NYes
CityNewport Beach
Community FeaturesStormDrains, StreetLights, Suburban, Sidewalks
Construction MaterialsDrywall
ContingencySale is contingent upon sellers identifying a replacement property, buyer to cooperate with sellers 1031 exchange at no cost to buyer.
CoolingDuctless, WallWindowUnits
CountyOrange
Current FinancingConventional
DirectionsBalboa blvd North, property is on the right side
ElectricVolts220InGarage
Electric On Property Y/NNo
Elementary SchoolNewport
Entry Location1
Expected Active Date 2025-05-15
Full Baths5
Garage Spaces2.0
Garage Y/NYes
HOANo
HOA Fee$0.0
HeatingDuctless
High SchoolNewport Harbor
High School DistrictNewport Mesa Unified
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Listing TermsCash, CashToNewLoan, Exchange1031, SubjectToOther
Living Area UnitsSquareFeet
Lot Size Square Feet3049.0
Lot Size UnitsSquareFeet
MLS AreaNP - Balboa Peninsula
Middle/Junior High SchoolEnsign
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total3
Occupancy TypeTenant
Patio/Porch FeaturesDeck, FrontPorch, Patio, Rooftop
Pool FeaturesNone
PossessionClosePlus3Days
Property Attached Y/NNo
Property ConditionTurnkey
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidential
Rent Control Y/NNo
RoofComposition
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameBalboa Peninsula (Residential) (BALP)
Tax Lot6
UtilitiesCableConnected, ElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected
ViewCoastline, Ocean, PeekABoo
Waterfront FeaturesAcrossTheRoadFromLakeOcean
Year Built1955
Year Built SourceAssessor
Exterior for 1320 W Balboa Boulevard
Crops Included Y/NNo
Door FeaturesInsulatedDoors
Exterior AmenitiesAwnings
FencingWood
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.07
Lot Size Area3049.0
Lot Size SourceAssessor
Open Parking Y/NNo
Parking FeaturesAttachedCarport, Carport, Garage, GarageFacesRear
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking4.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Schools
High School
Newport Harbor High School
Middle School
Ensign Middle School
Elementary School
Newport Elementary School
Alexandra Eston
Sales Associate
Price
$3,850,000
MLS#NP25108122
List Date
05/14/2025
Property Type
Multi-Family
Phone
(562) 537-4182
