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38
Photos
1320 W Balboa Boulevard, Newport Beach, CA 92661
$3,980,000 Asking Price
$---/mo Est. Payment Get Prequalified »
7
beds
5
baths
2,371
sqft
Built in
1955
Investor Opportunity: Turnkey Duplex on Newport Beach's Balboa Peninsula Introducing a fully remodeled, income-producing duplex in the heart of Newport Beachs 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 systemsideal 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 Californias 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 investors dream. Seize the chance to own a premium, high-performing rental property in Newport Beach. Contact us today to schedule 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
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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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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