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Townhome/Townhouse For Sale
1320 W Balboa Boulevard
Newport Beach, California 92661
Orange County Ocean View: YesCommunity: Balboa Peninsula (Residential) (BALP)
$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
Contact Information:
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.
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
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Updated: Sep 25, 2024