$3,980,000

Beds: 7
Baths: 5
Sqft: 2,371
Sqft lot: 3,049
Acre lot: 0.07
61 Days On Market -

ContactSue Otto-Calkins

Courtesy of Compass

Status: Active
Property Type: Townhome
Year Built: 1955
Days On Website: 61
Investor Opportunity: Turnkey Duplex on Newport Beach's Balboa Peninsula Introducing a fully remodeled, income-producing duplex in the heart of Newport Beachs 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 systemsideal 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 Californias 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 investors dream. Seize the chance to own a premium, high-performing rental property in Newport Beach. Contact us today to schedule a showing!

Features

Bathrooms

  • 5 full bathrooms
  • 5 total bathrooms

Bedrooms

  • 7 bedrooms
  • 7 total bedrooms

Building

  • 2,371 estimated square feet
  • Source: Assessor Record
  • Built in 1955
  • 2 stories
  • Deck
  • Patio
  • Roof Top
  • split level

Cooling

  • Wall/Window

Fence

  • Wood

Floors

  • Linoleum/Vinyl

Water Features

  • Gas
  • Tankless
  • High Eff. Water Heater
  • Public

Interior Features

  • Interior wall: drywall

Laundry

  • Closet Full Sized
  • Closet Stacked
  • Garage
  • Gas

Listing

  • Source: SDMLS
  • For Sale
  • 59 days on market
  • Listed on 2024-09-24

Location

  • County: Orange

Lot

  • Approximately 3,049 square feet
  • 1-3,999 SF
  • Approximately 0 acres

Miscellaneous

  • Storm Drains
  • Suburban

Garage

  • 2 garage parking spaces
  • Garage

Parking

  • 4 total parking spaces
  • Non-Garage Parking: Carport

Property

  • Ocean
  • Coastline
  • Peek-A-Boo

Roof

  • Composition

Sewer

  • Public Sewer

Property Map

Map View


$3,980,000 -1320 W Balboa Boulevard, Newport Beach, CA 92661

Street View


Directions


1320 W Balboa Boulevard
Newport Beach, CA 92661
County: Orange

Nearby Schools

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Sue Otto-Calkins