Property Details
About this 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.
MLS Listing Information
MLS #
CRNP24198991
MLS Source
California Regional MLS
Days on Site
61
Interior Features
Kitchen
Exhaust Fan, Other
Appliances
Dishwasher, Exhaust Fan, Freezer, Garbage Disposal, Hood Over Range, Microwave, Other, Oven - Gas, Oven Range - Gas, Refrigerator
Dining Room
Breakfast Bar, Other
Fireplace
None
Laundry
Hookup - Gas Dryer, In Closet, In Garage, Stacked Only
Cooling
Ceiling Fan, Window/Wall Unit
Exterior Features
Roof
Composition
Foundation
Slab
Pool
None
Style
Bungalow
Parking, School, and Other Information
Garage/Parking
Carport, Garage, Garage: 2 Car(s)
Elementary District
Newport-Mesa Unified
High School District
Newport-Mesa Unified
HOA Fee
$0
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
Nearby Homes for Sale
1320 W Balboa Bld is a Duplex in Newport Beach, CA 92661. This 2,371 square foot property sits on a 3,049 Sq Ft Lot and features 7 bedrooms & 5 full bathrooms. It is currently priced at $3,980,000 and was built in 1955. This address can also be written as 1320 W Balboa Bld, Newport Beach, CA 92661.
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This listing information is up-to-date as of November 23, 2024. For the most current information, please contact Tyler Brown
