1320 W Balboa Boulevard, Newport Beach, California 92661, Newport Beach, - bed, bath

home-pic
ACTIVE$3,850,000
1320 W Balboa Boulevard, Newport Beach, California 92661
7Beds
5Baths
2,371Sqft
3,049Lot
Year Built
1955
Close
-
List price
$3.85M
Original List price
$3.85M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25108122
Home ConditionGood
Features
Good View: Coastline, Ocean, Peek-A-Boo
Deck
Patio
ViewCoastline, Ocean, Peek-A-Boo

About this home

Investor opportunity in one of Newport Beach’s most desirable coastal neighborhoods. Located just across the street from the beach and Newport Elementary, 1320 W Balboa offers a rare chance to own a remodeled, income-producing duplex in the heart of the Balboa Peninsula. With close proximity to the bay, the boardwalk, and countless local attractions, this property blends flexible use with exceptional walkability. Each of the two spacious units includes three bedrooms and two bathrooms, upgraded kitchens, recessed lighting, and individual HVAC systems. A separate one-bedroom, one-bath bonus suite in the rear unit adds further flexibility for guest use, owner stays, or additional rental income. Both buildings are equipped with their own dedicated laundry, and the property offers generous parking with a two-car attached garage plus a two-car tandem carport—an invaluable asset on the Peninsula. Multiple outdoor areas, including three open patios and a rooftop deck, create inviting spaces for relaxing or entertaining. With two active short-term lodging permits and a solid history of rental income, 1320 W Balboa presents a unique opportunity for investors or owner-users seeking a high-performing asset in a premier beachside location.

Nearby schools

9/10
Newport Elementary School
Public,PK-60.1mi
7/10
Horace Ensign Intermediate School
Public,7-80.8mi
7/10
Newport Harbor High School
Public,9-121.2mi

Price History

Date
Event
Price
05/15/25
Listing
$3,850,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (3 Listings)
Beds70
0%
Baths50
0%
Square foot2,3710
25%
Lot Size3,0493,049
50%
Price$3.85M$2.7M
75%
Price per square foot$1,624$746.5
75%
Built year19559760978
75%
HOA
Days on market174191
50%
Condition Rating
Good

This property, built in 1955, has undergone a significant remodel as stated in the description and evidenced by the images. The kitchens feature upgraded white shaker cabinets, granite countertops, and stainless steel appliances, while bathrooms are updated with subway tile and modern vanities. Throughout the units, there is consistent LVP flooring, recessed lighting, and modern mini-split HVAC systems. While not a brand-new build or ultra-luxury renovation, the property is move-in ready, well-maintained, and shows extensive updates likely within the last 5-15 years, aligning with a 'Good' condition score.
Pros & Cons

Pros

Prime Coastal Location: Situated in one of Newport Beach's most desirable coastal neighborhoods, directly across from the beach and Newport Elementary, offering exceptional walkability to the bay, boardwalk, and local attractions.
Strong Income Potential: An income-producing duplex with two active short-term lodging permits and a solid history of rental income, further enhanced by a flexible one-bedroom bonus suite.
Modern & Well-Equipped Units: Each unit features upgraded kitchens, recessed lighting, and individual HVAC systems, providing modern comforts and appeal for tenants or owner-users.
Exceptional Parking: Offers generous parking with a two-car attached garage plus a two-car tandem carport, a significant and invaluable asset in the high-density Balboa Peninsula.
Abundant Outdoor Living: Multiple private outdoor areas, including three open patios and a rooftop deck, create desirable spaces for relaxation and entertainment.

Cons

Original Construction Age: Built in 1955, the property's underlying infrastructure, despite remodels, may eventually present maintenance considerations typical of older constructions.
Potential for Noise/Traffic: Its highly desirable location across from the beach and elementary school, and proximity to attractions, could lead to increased noise and foot traffic.
Compact Lot Size: The 3,049 sqft lot is relatively compact for a multi-unit property, potentially limiting private outdoor space or future expansion opportunities compared to larger parcels.

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