1320 W Balboa BLD Active Save Request In-Person Tour Request Virtual Tour
Newport Beach,CA 92661
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,371 sqft
Price per Sqft $1,678
MLS Listing ID CRNP24198991
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.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Rooms
Dining Room Breakfast Bar,Other
Kitchen Dishwasher,Freezer,Garbage Disposal,Hood Over Range,Microwave,Other,Exhaust Fan,Oven Range - Gas,Refrigerator,Oven - Gas
Interior
Cooling Window / Wall Unit
Fireplaces Type None
Laundry Gas Hookup,In Closet,In Garage,Stacked Only
Exterior
Garage Carport ,Garage
Garage Spaces 2.0
Fence Wood
Pool 31,None
Utilities Available Other
View Ocean,30
Roof Type Composition
Building
Story Split Level
Foundation Concrete Slab
Water Hot Water,Heater - Gas,District - Public
Others
Special Listing Condition Not Applicable