520 W. Balboa Boulevard, Newport Beach, California 92661, Newport Beach, 92661 - 0 bed, 0 bath
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Newport Beach, California 92661
This Duplex Residential Income property is a High-Potential Investment Opportunity, listed at $3,499,000—positioned above the $3,096,827 Fair Market Value. While priced at a premium, the asset offers significant utility in a prime coastal location. Featuring a Condition Rating of 4, the property includes a Granite Kitchen and Ocean Views, providing immediate rental appeal. With proximity to the 9/10 rated Newport Elementary School, this is a versatile acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage the Balboa Peninsula lifestyle through a live-in rental strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 520 W. Balboa Boulevard Subject | $3,499,000* List Price | 0 | 0 | 2,464 | $1,259 | - |
A 820 W Balboa Boulevard Sold | $2,650,000 | 5 | 6 | 2,376 | $1,115 | 0.2 mi |
B 820 W Balboa Boulevard Sold | $2,650,000 | 0 | 0 | 2,376 | $1,115 | 0.2 mi |
C 203 8th St Active | $3,595,000 List Price | 5 | 3 | 2,446 | $1,470 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1976, this duplex shows a mix of conditions. While the upstairs unit has received some updates including granite countertops and hardwood flooring, the bathrooms remain dated with older tile-work and fixtures exceeding 20 years in age. The exterior and overall aesthetic reflect its original era, suggesting a need for minor repairs and modernization to reach full market potential.
Elementary School: Newport Elementary School (9/10).
Situated on a desirable corner lot just one block from both the Pacific Ocean and Newport Harbor, offering unparalleled walkability and access to the beach lifestyle.
This duplex configuration provides versatile options for investors or owner-occupants to live in one unit while generating significant rental income from the other in a high-demand market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2807, other record lot size in square feet = 3135. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2464, other record living area = 2498.
With a lot size of 2,807 square feet, outdoor space is restricted to balconies and small patios, which limits private yard utility for residents.
Built in 1976, the property may require ongoing maintenance or modernization of core systems to mitigate the long-term effects of the coastal marine environment.
UNIQUE OPPORTUNITY. PRIME CORNER LOCATION IN THE DESIRABLE BALBOA PENNISULA FOR THIS CHARMING DUPLEX WITH GREAT OCEAN VIEWS. LOCATED APPROXIMATELY 1 BLOCK FROM THE OCEAN AND PUBLIC BEACH AND APROXIMATELY 1 BLOCK FROM NEWPORT HARBOR AND THE BAY. UPSTAIRS 3BED/ 2BATH 1,440 SF UNIT FEATURES OPEN FLOOR PLAN WITH OCEAN VIEW MASTER BEDROOM, SPACIOUS LIVING ROOM AND DINING AREA, VAULTED CEILING, HARDWOOD FLOORS, CUSTOM KITCHEN WITH GRANITE COUNTERS, STAINLESS STEEL APPLIANCES, INTERIOR LAUNDRY, FIREPLACE IN THE LIVING AREA COMPLIMENTED BY A BALCONY WITH STONE DECK AND OCEAN VIEW, AND A TWO-CAR GARAGE. DOWNSTAIRS 2BED/ 2BATH 1,024 SF UNIT FEATURES FIREPLACE, PRIVATE GROUND FLOOR STONE PATIO DECK, INTERIOR LAUNDRY, 1 CAR GARAGE, AND 1 CAR PARTIALLY COVERED CARPORT SPACE. ENJOY THE NEWPORT BEACH LIFESTYLE. ENDLESS POSSIBILITIES. LIVE IN ONE AND RENT THE OTHER.
No exterior & parking available.
Grades PK-6 • 0.7 mi
Grades 7-8 • 1.1 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 4.0 |
| Square foot | 2,464 | 2,174.5 |
| Lot Size | 2,807 | 2,614 |
| Price | $3.50M | $3.35M |
| Price per sq ft | $1.4K | $1.7K |
| Built year | 1976 | 1964 |
| HOA | $0 | $0 |
| Days on market | 40 | 125 |
Jun 12, 2026
$3,499,000
Initial Listing
Aug 10, 2015
$1,900,000
Public Record
Sep 20, 2006
$1,800,000
Public Record
Mar 9, 2004
$1,195,000
Public Record