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Silvano Barocio

[email protected] +1(925) 255-3760

Listed by Tyler Brown • Compass

$ 3,980,000

Est. payment -/mo

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Open Fri 11AM-2PM

1320 W Balboa Boulevard Newport Beach, CA 92661

7 Beds

5 Baths

2,371 SqFt

OPEN HOUSE

Fri Nov 22, 11:00am - 2:00pm

UPDATED:

11/22/2024 01:23 PM

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Duet

Listing Status Active

Purchase Type For Sale

Square Footage 2,371 sqft

Price per Sqft $1,678

MLS Listing ID CRNP24198991

Bedrooms 7

Full Baths 5

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1955

Lot Size 3,049 Sqft

Property Description

Investor Opportunity: Turnkey Duplex on Newport Beach's Balboa Peninsula Introducing a fully remodeled, income-producing duplex in the heart of Newport Beachâ€™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 systemsâ€”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 Californiaâ€™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 investorâ€™s dream. Seize the chance to own a premium, high-performing rental property in Newport Beach. Conta

Location

State CA

County Orange

Interior

Cooling Ceiling Fan(s), Wall/Window Unit(s), Other

Flooring Vinyl

Fireplaces Type None

Fireplace No

Window Features Double Pane Windows

Appliance Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Gas Water Heater, Tankless Water Heater

Laundry Gas Dryer Hookup, Laundry Closet, In Garage, Other

Exterior

Garage Spaces 2.0

Pool None

View Other, Ocean

Handicap Access None

Private Pool false

Building

Lot Description Street Light(s), Storm Drain

Foundation Slab

Water Public

Architectural Style Bungalow

Schools

School District Newport-Mesa Unified

© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

Silvano Barocio

Team Lead | License ID: 02066373

+1(925) 255-3760

Silvano Barocio

1320 W Balboa Boulevard Newport Beach, CA 92661

OPEN HOUSE

Key Details

Location

Interior

Exterior

Building

Schools

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1320 W Balboa Boulevard