1320 W Balboa Boulevard, Newport Beach, California 92661, Newport Beach, 92661 - 7 bed, 5 bath
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Newport Beach, California 92661
This High-Potential Investment Opportunity is listed at $3,850,000, reflecting a stable market valuation compared to the $3,790,850 Fair Market Value. Featuring a Condition Rating of 2, this turnkey duplex offers significant rental demand with two active short-term lodging permits and a bonus suite. Key assets include four dedicated parking spaces and a rooftop deck with ocean views. Located in the Newport Mesa Unified district near Newport Elementary (9/10), this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-performing coastal asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1320 W Balboa Boulevard Subject | $3,850,000* List Price | 7 | 5 | 2,371 | $1,599 | - |
A 203 8th St Active | $3,695,000 List Price | 5 | 3 | 2,446 | $1,511 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1955, the property has undergone extensive recent renovations that meet modern quality standards. The interiors feature upgraded kitchens with stainless steel appliances and stone countertops, contemporary bathrooms with designer tiling, new luxury vinyl plank flooring, recessed lighting, and individual HVAC systems. The property is move-in ready with high-end finishes and no visible deferred maintenance.
Elementary School: Newport Elementary School (9/10).
Situated directly across from the beach and Newport Elementary, this property offers exceptional walkability to the bay, boardwalk, and local attractions in a highly sought-after neighborhood.
The property includes two active short-term lodging permits and a bonus suite, providing significant flexibility for rental income or multi-generational living in a high-demand market.
Originally built in 1955, the property may require more frequent maintenance or structural oversight common with older coastal buildings, despite recent interior upgrades.
With three potential living units situated on a 3,049-square-foot lot, the high density limits private yard space and results in close proximity to neighboring structures.
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.
No exterior & parking available.
Grades PK-6 • 0.1 mi
Grades 7-8 • 0.8 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 5.0 | 83% |
| Baths | 5.0 | 3.0 | 67% |
| Square foot | 2,371 | 2,438.5 | 17% |
| Lot Size | 3,049 | 3,049 | 50% |
| Price | $3.85M | $3.52M | 50% |
| Price per sq ft | $1.6K | $1.4K | 50% |
| Built year | 1955 | 1964 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 387 | 331 | 83% |
May 15, 2025
$3,850,000
Initial Listing