Homes for sale - 1320 West Balboa Boulevard, Newport Beach, CA 9266...

Additional details

Paul Ward

somis@homeandranchsellingteam.com +1(805) 479-5004

Listed by Tyler Brown • Compass

$3,980,000

Est. payment - /mo

7 Beds

5 Baths

2,371 SqFt

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UPDATED:

12/20/2024 04:27 PM

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,371 sqft

Price per Sqft $1,678

Subdivision Balboa Peninsula (Residential)

MLS Listing ID NP-24198991

Style Bungalow

Bedrooms 7

Full Baths 5

Year Built 1955

Lot Size 3,049 Sqft

Property 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 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!

Location

State CA

County Orange

Interior

Interior Features Ceiling Fan(s), Granite Counters, High Ceilings, Recessed Lighting, Kitchen Open to Family Room, Remodeled Kitchen

Heating Ductless

Cooling Ductless, Wall/Window Unit(s)

Flooring Vinyl

Fireplaces Type None

Laundry Gas Dryer Hookup, In Closet, In Garage, Stackable

Exterior

Exterior Feature Awning(s)

Parking Features Attached Carport, Carport

Garage Spaces 2.0

Pool None

Community Features Sidewalks, Storm Drains, Street Lights, Suburban

Utilities Available Sewer Connected, Water Connected, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected

View Y/N Yes

View Coastline, Ocean, Peek-A-Boo

Building

Lot Description 2-5 Units/Acre

Sewer Public Sewer

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Paul Ward

+1(805) 479-5004

Agent | License ID: 01354001

Agent License ID: 01354001

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1320 West Balboa Boulevard Newport Beach, CA 92661

Paul Ward

Key Details

Location

Interior

Exterior

Building

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