1320 West Balboa Boulevard

Newport Beach, CA 92661

$3,980,000
Price
7
Beds
5
Baths
2,371 Sq. Ft.
$1,679 / Sq. Ft.
2,371
Sq. Ft.
$1,679
per Sq. Ft.

Description

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
...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 Agent

  1. Tyler Brown

    Tyler Brown

    Listing Agent

    Compass

    DRE #02043514

    tyler.brown@compass.com

    P: (949)-220-4409

Property Details for 1320 West Balboa Boulevard

Architectural Style
Bungalow
View
Coastline, Ocean, Peek-A-Boo
Parking Spaces Total
4
Private Pool
No
Cooling Type
Wall/Window
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
LISTING UPDATED: 11/08/2024 06:20 AM

Property Details for 1320 West Balboa Boulevard

StatusActive
MLS #NP24198991
Days on Market57
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential
Year Built1955
Lot Size0.07 AC / 3,049 SF
CountyOrange County

Building Information for 1320 West Balboa Boulevard

Stories2Residences-Year Built1955Building Size-Lot Size0.07 AC / 3,049 SF

Property Information for 1320 West Balboa Boulevard

Income / Expense / Tax Details
Income Details
  • Current Financing: Conventional
Tax / Assessment Info
  • Tax Block: 113
  • Tax Tract Number: 234
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 6
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Gas Water Heater, High Efficiency Water Heater, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Water Heater
  • Equipment: Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Gas Oven, Vented Exhaust Fan, Gas Range
  • Interior Features: Ceiling Fan(s), Granite Counters, High Ceilings, Recessed Lighting
  • Room Type: Living Room
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 4
  • Room Bathroom Features: Bathtub, Shower in Tub, Exhaust fan(s), Remodeled
  • Room Kitchen Features: Granite Counters, Kitchen Open to Family Room, Remodeled Kitchen
  • Eating Area: Area, Breakfast Counter / Bar
  • Water Heater Features: Gas, Tankless
  • Water Heater Type: Gas, Tankless, High Eff. Water Heater
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, In Closet, In Garage, Stackable
  • Laundry Location: Closet Full Sized, Closet Stacked, Garage
  • Laundry Utilities: Gas
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: Ductless, Wall/Window Unit(s)
  • Heating Type: Ductless
  • Heating: Ductless
  • Floor Coverings: Linoleum/Vinyl
  • Flooring: Vinyl
Exterior Features
  • Door Features: Insulated Doors
  • Window Features: Double Pane Windows, Insulated Windows
  • Construction Materials: Drywall Walls
  • Exterior Features: Awning(s)
  • Roof: Composition
  • Entry Location: 1
  • Fence: Yes
  • Fence: Wood
  • Fencing: Wood
  • Foundation Details: Slab
  • Structure Type: Duplex
  • Property Condition: Turnkey
  • Miscellaneous: Storm Drains, Suburban
  • View Description: Coastline, Ocean, Peek-A-Boo
  • Waterfront Features: Across the Road from Lake/Ocean
  • Patio: Yes
  • Patio: Deck, Patio, Roof Top
  • Patio And Porch Features: Deck, Patio, Front Porch, Roof Top
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: 2-5 Units/Acre
  • Lease Considered: No
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Multi/Split
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: 220 Volts in Garage
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Carport, Garage
  • Parking Non-Garage: Carport
  • Parking Garage Spaces: 2
  • Parking Garage: Garage
  • Carport Spaces: 2
  • Attached Garage: Yes
  • Parking Features: Carport, Attached Carport, Garage, Garage Faces Rear
Property / Structure Info
  • Builders Tract Name: Balboa Peninsula (BALP)
  • Builders Tract Code: Balboa Peninsula (Residential) (BALP)
  • Architectural Style: Craftsman/Bungalow
  • Residential Styles: Townhome
  • Residential Unit Location: No Common Walls

Property History for 1320 West Balboa Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1320 West Balboa Boulevard

Taxable ValueLand$1,622,684Additions$321,997Total$1,944,681
Tax Record2024$21,014 ($1,751 / month)
Home Facts
Total Finished SqFt966 SqFtAbove Grade Finished SqFt966 SqFtStories1Lot Size3,179 SqFtStyleDuplexYear Built1955CountyORANGEAPN047-233-28

Schools near 1320 West Balboa Boulevard

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Newport Elementary School
PublicK to 6

Horace Ensign Intermediate School
Public7 to 8

Newport Harbor High School
Public9 to 12

Monte Vista High School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1320 West Balboa Boulevard is a townhouse for sale in Newport Beach, CA 92661. This property was listed for sale on September 24, 2024 by Compass, it's currently listed at $3,980,000. It has been on the market for a total of 57 days and was last sold on December 27, 2017. This listing's school district is Newport-Mesa Unified School District. Nearby schools include Newport Elementary School, Horace Ensign Intermediate School and Newport Harbor High School. 1320 West Balboa Boulevard is a 7-bed, 5-bath, 2,371 sqft townhouse built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Compass, Tyler Brown, DRE #02043514

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.