$3,980,000

beds

baths

2,371

square ft

1320 W Balboa Boulevard

Newport Beach, California 92661

New / MLS #NP24198991 / Multiple Unit (2-4) / Newport Beach

Listing information updated 12/20/2024 at 7:22am

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!

Full Features

Architecture Style:

Bungalow

Exterior Type:

Drywall

Beds Above Grade:

Cooling System:

Ductless, Wall Window Units

Heating System:

Ductless

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

Pool:

Age:

69 Years

Roof Type:

Composition

Parking Type:

Attached Carport, Carport, Garage, Garage Faces Rear

Parking Spaces:

Garage:

Attached - 2 Car(s)

Water Features:

Across The Road From Lake Ocean

Square Feet:

2,371

Lot Size:

3049 Square Feet

Acreage:

0.07

Taxes & Assessments

Tax Amount:

N/A

Tax Year:

N/A

Location

Zip Code:

92661

City:

Newport Beach

County:

Orange

Schools

School District(s):

Newport Mesa Unified

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Architecture Style:

Bungalow

Exterior Type:

Drywall

Beds Above Grade:

Cooling System:

Ductless, Wall Window Units

Heating System:

Ductless

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

Pool:

Age:

69 Years

Roof Type:

Composition

Parking Type:

Attached Carport, Carport, Garage, Garage Faces Rear

Parking Spaces:

Garage:

Attached - 2 Car(s)

Water Features:

Across The Road From Lake Ocean

Square Feet:

2,371

Lot Size:

3049 Square Feet

Acreage:

0.07

Tax Amount:

N/A

Tax Year:

N/A

Zip Code:

92661

City:

Newport Beach

County:

Orange

School District(s):

Newport Mesa Unified

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: Compass

Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy.