Property Description
Investor opportunity in one of Newport Beach's most desirable coastal neighborhoods. Located just across the street from the beach and Newport Elementary, 1320 W Balboa offers a rare chance to own a remodeled, income-producing duplex in the heart of the Balboa Peninsula. With close proximity to the bay, the boardwalk, and countless local attractions, this property blends flexible use with exceptional walkability.
Each of the two spacious units includes three bedrooms and two bathrooms, upgraded kitchens, recessed lighting, and individual HVAC systems. A separate one-bedroom, one-bath bonus suite in the rear unit adds further flexibility for guest use, owner stays, or additional rental income. Both buildings are equipped with their own dedicated laundry, and the property offers generous parking with a two-car attached garage plus a two-car tandem carport--an invaluable asset on the Peninsula.
Multiple outdoor areas, including three open patios and a rooftop deck, create inviting spaces for relaxing or entertaining. With two active short-term lodging permits and a solid history of rental income, 1320 W Balboa presents a unique opportunity for investors or owner-users seeking a high-performing asset in a premier beachside location.
Each of the two spacious units includes three bedrooms and two bathrooms, upgraded kitchens, recessed lighting, and individual HVAC systems. A separate one-bedroom, one-bath bonus suite in the rear unit adds further flexibility for guest use, owner stays, or additional rental income. Both buildings are equipped with their own dedicated laundry, and the property offers generous parking with a two-car attached garage plus a two-car tandem carport--an invaluable asset on the Peninsula.
Multiple outdoor areas, including three open patios and a rooftop deck, create inviting spaces for relaxing or entertaining. With two active short-term lodging permits and a solid history of rental income, 1320 W Balboa presents a unique opportunity for investors or owner-users seeking a high-performing asset in a premier beachside location.
Overview
Property Type
Multi-family
Location
1320 W Balboa Boulevard, Newport Beach, CA 92661
MLS ID
NP25108122
Listing Last Updated
Property Features & Amenities
Interior
Total Bedrooms
7
Full Bathrooms
5
Flooring
Vinyl
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
Other Interior Features
Breakfast Bar, Ceiling Fan(s), Granite Counters, High Ceilings, Recessed Lighting
Exterior
Stories
2
Garage Spaces
2.0
Water Source
Public
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Pool
None
Roof
Composition
Lot Features
2-5 Units/Acre
Parking
Attached Carport, Carport, Garage, Garage Faces Rear
Heat Type
Ductless
Air Conditioning
Ductless, Wall/Window Unit(s)
Sewer
Public Sewer
Substructure
Slab
Disability Features
None
Other Exterior Features
Awning(s)
Details
Architecture Styles
Bungalow
Water Frontage
Across the Road from Lake/Ocean
View Description
Coastline, Ocean, Peek-A-Boo
Financial
Price
$3,850,000
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