Marterra Real Estate - Long-term Perspectives. Lifelong Relationships.

Courtesy of Compass, Tyler Brown.

1320 W Balboa Boulevard Newport Beach, CA 92661
$3,350,000
  • 7 beds
  • 5 baths
  • 2,371 sq ft

Contact Me to Learn More

Christine Morgan

Christine Morgan

Principal

DRE# 01839037

Property Description

1320 W Balboa Blvd is a turnkey property situated in the perfect location on the famed Balboa Peninsula just steps between the beach and the bay. The R2 zoned property consists of two detached units that were fully remodeled down to the studs in 2018. Each unit has three bedrooms, two bathrooms, luxury vinyl flooring, upgraded kitchens, recessed lighting, HVAC and dedicated laundry. The rear unit also has an attached one bedroom one-bathroom unit that can be used as an additional bedroom, studio or owner suite on property with its own entrance. Entertain friends and family while catching the ocean breeze on one of the three open patio spaces or up on the spacious rooftop deck. Parking is not an issue with the attached two car garage and two covered carport spaces. Currently operated as a short term rental property with active permits on file, this is a great opportunity for a turnkey investment with historically strong rental income. Close to world class beaches, shopping, dining and dining, come see all that this amazing property and Newport Beach have to offer.

Property Details & Features

Property Type

  • Duplex

Year Built

  • 1955

Property Access

  • City Street
  • Paved

Appliances and Equipment

  • 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

Bathrooms

  • 5 full bathrooms
  • 5 total bathrooms
  • 3 bathrooms on main level

Bedrooms

  • 7 total bedrooms
  • 4 bedrooms on main level

House

  • 2 total stories
  • Built in 1955
  • 2,371 sqft living area
  • Bungalow
  • No Common Walls
  • Drywall
  • Multi/Split
  • Deck
  • Front Porch
  • Patio
  • Rooftop
  • Duplex

Community

  • Storm Drain(s)
  • Street Lights
  • Suburban
  • Sidewalks

Cooling

  • Ductless
  • Wall/Window Unit(s)

Doors

  • Insulated Doors

Exterior Features

  • Awning(s)

Fence

  • Wood

Floors

  • Vinyl

Foundation

  • Slab

Garage

  • Attached garage
  • 2 garage spaces

Heating

  • Ductless

Interior Features

  • Ceiling Fan(s)
  • Granite Counters
  • High Ceilings
  • Recessed Lighting

Laundry

  • Gas Dryer Hookup
  • Laundry Closet
  • In Garage
  • Stacked

Listing

  • Property Subtype: Duplex
  • Listed on 2021-09-14

Location

  • County: Orange
  • Subdivision: Balboa Peninsula (Residential) (BALP)

Lot

  • 3049 sqft
  • 0.07 acres
  • Area: 3049
  • 2-5 Units/Acre

Parking

  • Carport
  • 2 carport spaces
  • 4 total parking spaces
  • Attached Carport
  • Carport
  • Garage
  • Garage Faces Rear

Possession

  • Close Plus 3 Days

Property

  • 3 units
  • Turnkey
  • Coastline
  • Ocean
  • Peek-A-Boo

Roof

  • Composition

Schools

  • High School District: Newport Mesa Unified

Sewer

  • Public Sewer

Utilities

  • 220 Volts in Garage
  • Cable Connected
  • Electricity Connected
  • Natural Gas Connected
  • Phone Connected
  • Sewer Connected
  • Water Connected

Windows

  • Double Pane Windows
  • Insulated Windows

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