1320 W Balboa Boulevard, Newport Beach, CA 92661

$3,880,000 Approx. USD 7 beds, 5 baths
2,371 sqft

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Agent Remarks

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!

Listing Details

Property type: Duplex (Single Family)

Status: Active

MLS# NP24198991

List price is $3,880,000 Reduced by $100,000 on 1/10/2025

Price: $3,880,000

HOA Fee is $0.00

Beds: 7

Baths: 5 (5 full)

None fireplaces

Built in 1955

2,371 sqft

0.07 acres

Lot size: 0.0700

Subdivision: Balboa Peninsula (Residential) (BALP)

County: Orange

Property style: Bungalow

Construction: Drywall

Interior features: Breakfast Bar,Ceiling Fan(s),Granite Counters,High Ceilings,Recessed Lighting

Exterior features: Awning(s)

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

Parking description: Attached Carport,Carport,Garage,Garage Faces Rear

Lot description: TwoToFiveUnitsAcre

Heating/cooling: Ductless,Wall/Window Unit(s)

Heating description: Ductless

MLS area: NP - Balboa Peninsula

Last Updated: 3/14/2025

Days On Market (DOM): 224

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This listing belongs to the NP - Balboa Peninsula MLS area

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The style of this listing is Bungalow.
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