1320 W Balboa Boulevard Newport Beach, CA 92661
Multi-Family (2-4 Units)
MLS #: NP24198991
Courtesy Of Compass
$3,980,000
7 beds
|
5 baths
|
2,371 sq ft
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Estimated monthly payments:
$17,398/mo.* (recalculate)
Property InformationDescription
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!
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!
Features
- Age: Over 50 Years Old
- Amenities: Double Pane Windows, Dock, Ceiling Fan
- Appliances: Dishwasher, Freezer, Garbage Disposer, Microwave, Oven - Gas, Range, Range - Gas, Refrigerator, Washer
- Architecture Style: Bungalow
- Cooling System: Window Unit(s) A/C
- Floor Covering: Vinyl
- Rooms: Living Room
- View Type: Ocean
MAP & DIRECTIONS
School Information
1320 W Balboa Boulevard, Newport Beach, CA 92661
Elementary School
Grades KG-6 |
Public School
NEWPORT ELEMENTARY SCHOOL
Newport Beach, CA 92661
1327 W Balboa Blvd
949.515.6965
Distance: 0.1 mi
School Rating
A-
Student:Teacher Ratio
21:1
Total Students
308
Middle School
Grades 7-8 |
Public School
ENSIGN INTERMEDIATE SCHOOL
Newport Beach, CA 92663
2000 Cliff Dr
949.515.6910
Distance: 0.9 mi
School Rating
A-
Student:Teacher Ratio
23:1
Total Students
977
High School
Grades 9-12 |
Public School
NEWPORT HARBOR HIGH SCHOOL
Newport Beach, CA 92663
600 Irvine Ave
949.515.6300
Distance: 1.2 mi
School Rating
B+
Student:Teacher Ratio
28:1
Total Students
2266
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Newport Heights Elementary School | 1.5 mi | Public | KG-6 | B+ |
| Harper | 1.8 mi | Public | KG | |
| Mariners Elementary School | 1.9 mi | Public | KG-6 | B+ |
| Carden Hall | 2.0 mi | Private | PK-8 | |
| Woodland Elementary School | 2.5 mi | Public | KG-2 | |
| Woodland Child Devt Center | 2.5 mi | Private | PK-5 | |
| Whittier Elementary School | 2.7 mi | Public | KG-6 | C- |
| International School For Science And Culture | 2.7 mi | Public | KG-8 | |
| Kaiser Elementary School | 2.8 mi | Public | 3-6 | A- |
| Harbor View Elementary School | 2.8 mi | Public | KG-6 | A |
| Our Lady Queen Of Angels School | 2.9 mi | Private | KG-8 | |
| Corona Del Mar Middle And High School | 3.0 mi | Public | 7-12 | A |
| Pomona Elementary School | 3.0 mi | Public | KG-6 | C |
| Rea Elementary School | 3.0 mi | Public | KG-6 | B- |
| Page Academy | 3.2 mi | Private | PK-8 | |
| Eastbluff Elementary School | 3.3 mi | Public | KG-6 | A- |
| Christ Lutheran School | 3.3 mi | Private | PK-8 |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Newport Beach, CA 92661
| Median Age: | 56.4 |
|---|---|
| Married: | 53% |
| Number of Households: | 1,693 |
| Households with Children: | 12.6% |
Newport Beach, CA 92661
Demographic Data
-
Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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