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Shawn Bengtson

Office Broker - DRE 01236964

  • Office 760-805-7199
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1320 W Balboa Boulevard, Newport Beach, CA – $3,980,000

  • 7 Beds
  • 5 Baths
  • 2,371 Sqft
  • .07 Acres
  • 7 Beds
  • 5 Baths
  • 2,371 Sqft
  • .07 Acres

1320 W Balboa Boulevard

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!

Essential Information

  • MLS® #NP24198991
  • Price$3,980,000
  • Bedrooms7
  • Bathrooms5.00
  • Full Baths5
  • Square Footage2,371
  • Acres0.07
  • Year Built1955
  • TypeResidential
  • Sub-TypeTownhome
  • StatusACTIVE

Community Information

  • Address1320 W Balboa Boulevard
  • AreaOC - NEWPORT BEACH (92661)
  • CityNewport Beach
  • CountyOrange
  • StateCA
  • Zip Code92661

Amenities

  • UtilitiesGas
  • ParkingGarage
  • # of Garages2
  • ViewOcean, Coastline, Peek-A-Boo
  • PoolN/K

Interior

  • CoolingWall/Window
  • FireplacesN/K

Exterior

  • Lot DescriptionSidewalks
  • RoofComposition

Additional Information

  • Date ListedSeptember 24th, 2024
  • Days on Market62

Listing Details

  • OfficeCompass
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Compass.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS®, Inc.

Listing information last updated on November 28th, 2024 at 4:30pm PST.