Investor Opportunity: Turnkey Duplex on Newport Beach's Balboa

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Townhome/Townhouse For Sale

1320 W Balboa Boulevard

Newport Beach, California 92661

Orange County Ocean View: Yes

Community: Balboa Peninsula (Residential) (BALP)

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$3,980,000 7 br, 5.0 bath 2371 sq. ft. 0.070 acres

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!

Interior:
  • Bedrooms: 7
  • Baths: 5.0
  • Sq Ft: 2371
  • Year Built: 1955
  • Utilities: 
  • Fireplaces: 
  • Stories: 2
  • Heat/AC: 
  • Garage: Carport, Garage
Exterior:
  • Lot Size: 0.070 acre
  • Lot Dimensions: 
  • View Types: Ocean
  • Yard: 
  • Siding: 
  • Roof: Composition
  • MLS #: NP24198991
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Contact Information:
Beach Townhome/Townhouse For Sale in Newport Beach, California
Listing Agent: Tyler Brown, Compass, 949-220-4409, 949-438-4340 Listing Site, Listing Status: Active
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 5406346
Viewed 18 times.
Updated: Sep 25, 2024

This property is a Townhome/Townhouse located at 1320 W Balboa Boulevard, Newport Beach, California 92661, and is currently For Sale at $3,980,000. This Townhome/Townhouse has 7 bedrooms, 5.0 baths, 2371 sq ft.

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