Newport Beach, CA 92661 1320 W Balboa Boulevard
$3,850,000
34 more
Presented By: Tyler Brown with Serhant California, Inc; 949-220-4409
- Beds • 7
- Baths • 5
- SQFT • 2,371
- Garage • 2
- Year Built • 1955
Home Details
Investor opportunity in one of Newport Beachās most desirable coastal neighborhoods. Located just across the street from the beach and Newport Elementary, 1320 W Balboa offers a rare chance to own a remodeled, income-producing duplex in the heart of the Balboa Peninsula. With close proximity to the bay, the boardwalk, and countless local attractions, this property blends flexible use with exceptional walkability.
Each of the two spacious units includes three bedrooms and two bathrooms, upgraded kitchens, recessed lighting, and individual HVAC systems. A separate one-bedroom, one-bath bonus suite in the rear unit adds further flexibility for guest use, owner stays, or additional rental income. Both buildings are equipped with their own dedicated laundry, and the property offers generous parking with a two-car attached garage plus a two-car tandem carportāan invaluable asset on the Peninsula.
Multiple outdoor areas, including three open patios and a rooftop deck, create inviting spaces for relaxing or entertaining. With two active short-term lodging permits and a solid history of rental income, 1320 W Balboa presents a unique opportunity for investors or owner-users seeking a high-performing asset in a premier beachside location.
Presented By: Tyler Brown with Serhant California, Inc; 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
Common WallsNo Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringVinyl
Heating Y/NYes
Interior AmenitiesBreakfast Bar, Ceiling Fan(s), Granite Counters, High Ceilings, Recessed Lighting
Laundry FeaturesGas Dryer Hookup, Laundry Closet, In Garage, Stacked
LivingAreaSourceAssessor
Total Stories2
Window FeaturesDouble Pane Windows, Insulated Windows
Other Rooms
Entry Level1
General for 1320 W Balboa Boulevard
AccessibilityNone
Additional Parcels Y/NNo
AppliancesDishwasher, 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
Architectural StyleBungalow
Attached Garage Yes
Carport Spaces2
Carport Y/NYes
CityNewport Beach
Community FeaturesStorm Drain(s), Street Lights, 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, Wall/Window Unit(s)
CountyOrange
Current FinancingConventional
DirectionsBalboa blvd North, property is on the right side
Electric220 Volts in Garage
Elementary SchoolNewport
Entry Location1
Expected Active Date 2025-05-15
Full Baths5
Garage Spaces2
Garage Y/NYes
HOANo
HOA Fee$
HeatingDuctless
High SchoolNewport Harbor
High School DistrictNewport Mesa Unified
Land Lease Y/NNo
Lease Considered Y/NNo
LevelsMulti/Split
Listing TermsCash, Cash to New Loan, 1031 Exchange, Subject To Other
Living Area2371
Living Area UnitsSquare Feet
Lot Size Square Feet3049
Lot Size UnitsSquare Feet
MLS AreaNP - Balboa Peninsula
Middle/Junior High SchoolEnsign
New ConstructionNo
Number Of Units Total3
Occupancy TypeTenant
Patio/Porch FeaturesDeck, Front Porch, Patio, Rooftop
Pool FeaturesNone
PossessionClose Plus 3 Days
PostalCityNEWPORT BEACH
Property Attached Y/NNo
Property ConditionTurnkey
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidential
RoofComposition
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameBalboa Peninsula (Residential) (BALP)
Tax Lot6
UtilitiesCable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
ViewCoastline, Ocean, Peek-A-Boo
Waterfront FeaturesAcross the Road from Lake/Ocean
Year Built1955
Year Built SourceAssessor
Exterior for 1320 W Balboa Boulevard
Door FeaturesInsulated Doors
Exterior AmenitiesAwning(s)
FencingWood
Foundation DetailsSlab
Lot Features2-5 Units/Acre
Lot Size Acres0.07
Lot Size Area3049
Lot Size SourceAssessor
Parking FeaturesAttached Carport, Carport, Garage, Garage Faces Rear
Private PoolNo
Road Frontage TypeCity Street
Road Surface TypePaved
SpaNo
Total Parking4
Water SourcePublic
Additional Details
Price History
Justin Hughey
Price
$3,850,000
MLS#NP25108122
List Date
05/14/2025
Property Type
Multi-Family
Phone
(562) 818-1655