1320 W Balboa Boulevard, Newport Beach, CA 92661 - Berkshire Hathaway HomeServices California Properties

1320 W Balboa Boulevard, Newport Beach, CA 92661

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

Listing Agent


Tyler Brown | tyler@tylerbrownre.com
Lic#: 02043514
Broker: Courtesy of Compass

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): 210

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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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Lat/Long: 33.606890, -117.918088.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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