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$3,880,000

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1320 W Balboa BLD Newport Beach, CA 92661

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Alex Tai

alex@cullinanluxury.com +1(650) 773-2321

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,371 sqft

Price per Sqft $1,636

MLS Listing ID CRNP24198991

Style Bungalow

Bedrooms 7

Full Baths 5

Originating Board California Regional MLS

Year Built 1955

Lot Size 3,049 Sqft

Property Sub-Type Duplex

Property Description

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.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Rooms

Dining Room Breakfast Bar, Other

Kitchen Dishwasher, Freezer, Garbage Disposal, Hood Over Range, Microwave, Other, Exhaust Fan, Oven Range - Gas, Refrigerator, Oven - Gas

Interior

Cooling Window / Wall Unit

Fireplaces Type None

Laundry Gas Hookup, In Closet, In Garage, Stacked Only

Exterior

Parking Features Carport , Garage

Garage Spaces 2.0

Fence Wood

Pool 31, None

Utilities Available Other

View Ocean, 30

Roof Type Composition

Building

Story Split Level

Foundation Concrete Slab

Water Hot Water, Heater - Gas, District - Public

Architectural Style Bungalow

Others

Tax ID 04723328

Special Listing Condition Not Applicable

Listed by Tyler Brown • Compass

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Alex Tai

Founder | License ID: 02025613

+1(650) 773-2321