1320 W Balboa Boulevard, Newport Beach, CA 92661

$4,095,000 Asking Price

7 beds
5 baths
2,371  sqft
Built in 1955

Unveiling a meticulously remodeled duplex in Newport Beach's famed Balboa Peninsula. This turnkey property boasts modern luxury and a proven track record as a short-term rental. Fully remodeled in 2018, each unit features three bedrooms, two bathrooms, and high-end finishes. Upgraded kitchens, recessed lighting, and individual HVAC systems offer unparalleled comfort for guests. Dedicated laundry facilities for each unit and a versatile attached one bed one bath bonus suite in the rear unit add convenience and flexibility. Three open patios and a spacious rooftop deck provide ample space for entertaining under the California sun. Ample parking ensures ease for residents and guests. The close proximity approximately from bay access and just across the street from the beach. Currently operating with two highly coveted short term lodging permits, this property boasts a historically strong rental income stream. The prime Balboa Peninsula location offers world-class beaches, diverse shopping, and delectable dining nearby. Own a premier property in an amazing location. Contact us today for a showing!

Features & Amenities

Interior

General:
Granite Counters,Recessed Lighting
Laundry:
Closet Full Sized,Closet Stacked,Garage
Flooring:
Linoleum/Vinyl
A/C:
Wall/Window
Fireplace:
N/K
Disability Feature:
None

Exterior

Style:
Craftsman/Bungalow
Pool:
None
Parking:
Carport, Parking spaces: 4

Construction

Roofing:
Composition
General:
Split Level

Location

HOA Amenities:
0.0
Originating MLS:
California Regional MLS
County:
Orange

Lot

Zoning:
04723328
View:
Ocean,Coastline,Peek-A-Boo
Fencing:
Wood

Utilities

Utilities:
Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected
Water:
Public
Sewer:
Public Sewer

Financial

Source:
California Regional MLS

This listing courtesy of:
Compass, Tyler Brown

About Newport Beach, CA

Housing

Number of Units
32,933
Median Home Value
$1,108,062
Median Rent
$2,050

52.55% of housing units are renter occupied.

15.14% are vacant.

Commute

Car
52.33%
Public Transportation
0.19%
Walk to Work
1.03%
Work from Home
45.11%
Other
0.65%

The median travel time to work is 15 minutes.

People

Population
61,724
Median Age
46.20
Median Household Size
2.43

Education

High School
7.46%
Associate’s Degree
6.48%
Bachelor’s Degree
40.94%
Graduate Degree
26.28%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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