$3,850,000

1320 W Balboa Blvd Newport Beach, CA 92661

Central Newport Beach Neighborhood

Estimated payment $24,262/month

Total Views 5,699
7 Beds
5 Baths
2,371 Sq Ft
$1,624 Price per Sq Ft

Highlights

  • Ocean View
  • Rooftop Deck
  • Updated Kitchen
  • Newport Elementary School Rated A
  • Across the Road from Lake or Ocean
  • 2-minute walk to Newport Beach Playground

About This Home

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.

Listing Agent

Tyler Brown

Compass Brokerage Phone: 949-220-4409 License #02043514 Listed on: 05/15/2025

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 3,049 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Attached Garage
  • 2 Attached Carport Spaces
  • Parking Available
  • Rear-Facing Garage

Property Views

  • Ocean
  • Coastline
  • Peek-A-Boo

Home Design

  • Duplex
  • Bungalow
  • Split Level Home
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof

Interior Spaces

  • 2,371 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Awning
  • Insulated Windows
  • Insulated Doors
  • Family Room Off Kitchen
  • Living Room
  • Vinyl Flooring

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Oven
  • Gas Range
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms | 4 Main Level Bedrooms
  • Remodeled Bathroom
  • 5 Full Bathrooms
  • Bathtub with Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage
  • Stacked Washer and Dryer

Outdoor Features

  • Rooftop Deck
  • Patio
  • Exterior Lighting
  • Front Porch

Location

  • Across the Road from Lake or Ocean
  • Suburban Location

Schools

  • Newport Elementary School
  • Ensign Middle School
  • Newport Harbor High School

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Vented Exhaust Fan
  • 220 Volts in Garage
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 3 Units
  • Balboa Peninsula Subdivision

Listing and Financial Details

  • Legal Lot and Block 6 / 113
  • Tax Tract Number 234
  • Assessor Parcel Number 04723328

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Structure Type: Duplex
  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Architectural Style: Bungalow
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 04723328
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2371.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Granite Counters, High Ceilings, Recessed Lighting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Appliances: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 7
  • Door Features: Insulated Doors
  • Eating Area: Area, Breakfast Counter / Bar
  • Entry Level: 1
  • Levels: Multi/Split
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 1623.79
  • Room Type: Living Room
  • Window Features: Double Pane Windows, Insulated Windows
  • Bathroom Features: Bathtub, Shower In Tub, Exhaust Fan(s), Remodeled
  • Room Kitchen Features: Granite Counters, Kitchen Open To Family Room, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Awning(s)
  • View: Coastline, Ocean, Peek-A-Boo
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Deck, Patio, Front Porch, Roof Top
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Attached Garage: Yes
  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Attached Carport, Garage, Garage Faces Rear
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Gas Water Heater, High Efficiency Water Heater, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Water Heater
  • Electric: 220 Volts in Garage
  • Heating Type: Ductless
  • Laundry Features: Gas Dryer Hookup, In Closet, In Garage, Stackable
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ductless, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban

Schools

  • Elementary School: Newport
  • High School: Newport Harbor
  • Middle Or Junior School: Ensign
  • Elementary School #2: NEWPOR
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 3049.00
  • Lot Size Acres: 0.0700

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3049.0000 Square Feet
  • Number Of Units Total: 3
  • Waterfront Features: Across the Road from Lake/Ocean

Tax Info

  • Tax Block: 113
  • Tax Lot: 6
  • Tax Tract Number: 234

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2025 09/30/25 For Sale $3,850,000 0.0% $1,624 / Sq Ft
09/02/2025 09/02/25 Off Market $3,850,000 -- --
08/30/2025 08/30/25 For Sale $3,850,000 0.0% $1,624 / Sq Ft
08/02/2025 08/02/25 Off Market $3,850,000 -- --
06/22/2025 06/22/25 For Sale $3,850,000 0.0% $1,624 / Sq Ft
06/16/2025 06/16/25 Off Market $3,850,000 -- --
05/15/2025 05/15/25 For Sale $3,850,000 +146.8% $1,624 / Sq Ft
12/27/2017 12/27/17 Sold $1,560,000 -2.5% $556 / Sq Ft
10/17/2017 10/17/17 Pending -- -- --
07/11/2017 07/11/17 For Sale $1,600,000 0.0% $571 / Sq Ft
02/05/2016 02/05/16 Rented $2,350 0.0% --
01/23/2016 01/23/16 Price Changed $2,350 +4.4% $2 / Sq Ft
01/21/2016 01/21/16 For Rent $2,250 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25108122

California Regional Multiple Listing Service (CRMLS)

APN: 047-233-28

California Orange County Newport Beach 92661 Central Newport Beach

1320 W Balboa Blvd, Newport Beach, CA

This home is located at 1320 W Balboa Blvd, Newport Beach, CA 92661 and is currently priced at $3,850,000, approximately $1,623 per square foot. This property was built in 1955. 1320 W Balboa Blvd is a home located in Orange County with nearby schools including Newport Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Tyler Brown
Listing Agent
Tyler Brown
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Compass
(949) 991-5490