1320 W Balboa Boulevard, Newport Beach, California 92661, Newport Beach, 92661 - 7 bed, 5 bath

1320 W Balboa Boulevard, Newport Beach, California 92661 home-pic-0
ACTIVE$3,850,000
1320 W Balboa Boulevard, Newport Beach, California 92661
7Beds
5Baths
2,371Sqft
3,049Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Newport Elementary School (9/10).
Top Cons:
Age of Construction: Built in 1955, the property's underlying structure is older, which, despite remodels, may imply potential for unforeseen maintenance or less modern infrastructure compared to newer builds.

Compared to the nearby listings

Price:$3.85M vs avg $2.70M (+$1,150,000)75%
Size:2,371 sqft vs avg 904 sqft75%
Price/sqft:$1.6K vs avg $74775%

More Insights

Built in 1955 (70 years old).
Condition: Despite being built in 1955, the property has undergone significant renovations, as evidenced by the 'remodeled' description and the images. The kitchens feature modern stainless steel appliances, white shaker-style cabinets, and granite countertops, which, while clean and functional, are a common style from the last 5-15 years rather than cutting-edge. Bathrooms are updated with clean vanities and either a basic shower or a tub with subway tile. Modern wood-look flooring is consistent throughout, and individual mini-split HVAC systems provide efficient climate control. The property is move-in ready with well-maintained systems and no immediate renovation required, fitting the 'Good' category.
Year Built
1955
Close
-
List price
$3.85M
Original List price
$3.85M
Price/Sqft
$1,624
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
Condition Rating
Good

Despite being built in 1955, the property has undergone significant renovations, as evidenced by the 'remodeled' description and the images. The kitchens feature modern stainless steel appliances, white shaker-style cabinets, and granite countertops, which, while clean and functional, are a common style from the last 5-15 years rather than cutting-edge. Bathrooms are updated with clean vanities and either a basic shower or a tub with subway tile. Modern wood-look flooring is consistent throughout, and individual mini-split HVAC systems provide efficient climate control. The property is move-in ready with well-maintained systems and no immediate renovation required, fitting the 'Good' category.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Premier Coastal Location: Situated directly across from the beach and Newport Elementary, in the heart of the Balboa Peninsula, offering exceptional walkability to the bay, boardwalk, and local attractions.
High Income Potential: An income-producing duplex with two active short-term lodging permits and a solid history of rental income, making it an ideal asset for investors.
Flexible Multi-Unit Configuration: Comprises two spacious 3-bedroom, 2-bathroom units, plus an additional 1-bedroom, 1-bathroom bonus suite, maximizing rental income or owner-user flexibility.
Exceptional Parking: Features a rare and valuable two-car attached garage plus a two-car tandem carport, providing generous parking in a dense coastal area where it is highly sought after.
Desirable Outdoor Living & Views: Includes multiple open patios and a rooftop deck for entertaining, complemented by coastline, ocean, and peek-a-boo views.

Cons

Age of Construction: Built in 1955, the property's underlying structure is older, which, despite remodels, may imply potential for unforeseen maintenance or less modern infrastructure compared to newer builds.
Limited Lot Size: The 3,049 sqft lot is relatively compact, which might restrict future expansion possibilities or extensive private outdoor space beyond the existing patios and deck.
Partial Ocean Views: While offering 'Coastline, Ocean, Peek-A-Boo' views, the 'Peek-A-Boo' description suggests these are not expansive, unobstructed ocean views, potentially falling short of expectations for some buyers in a beachside location.

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