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1320 W Balboa Boulevard Newport Beach, CA 92661
$3,880,000 7 beds, 5 baths
2, 371 sqft
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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!

Listing Details

Property type: Duplex (Single Family)
Status: Active
MLS# NP24198991
List price is $3,880,000 Reduced by $100,000 on 1/10/2025
HOA Fee is $0.00
Beds: 7
Baths: 5 (5 full)
None fireplaces
Built in 1955
2,371 sqft
0.07 acres
Lot size: 0.0700
Subdivision: Balboa Peninsula (Residential) (BALP)
County: Orange
Property style: Bungalow
Construction: Drywall
Interior features: Breakfast Bar,Ceiling Fan(s),Granite Counters,High Ceilings,Recessed Lighting
Exterior features: Awning(s)
Appliances: Dishwasher,Freezer,Disposal,Gas Oven,Gas Range,Gas Water Heater,High Efficiency Water Heater,Microwave,Refrigerator,Range Hood,Tankless Water Heater,Vented Exhaust Fan,Water Heater
Parking description: Attached Carport,Carport,Garage,Garage Faces Rear
Lot description: TwoToFiveUnitsAcre
Heating/cooling: Ductless,Wall/Window Unit(s)
Heating description: Ductless
MLS area: NP - Balboa Peninsula

Last Updated: 3/14/2025

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This listing belongs to the NP - Balboa Peninsula MLS area

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The style of this listing is Bungalow.
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Lat/Long: 33.606890, -117.918088.
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Listing Agent: Tyler Brown
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National:

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Lic#: 01276603

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18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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