820 W Balboa Boulevard, Newport Beach, California 92661, Newport Beach, 92661 - bed, bath
820 W Balboa Boulevard
Newport Beach, California 92661
Property Price
SUMMARY
Analysis of 820 W Balboa Boulevard, Newport Beach, California 92661 is currently available with a list price of $2,750,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Newport Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1972, this duplex is functional and currently rentable but shows significant signs of age. The kitchens and bathrooms feature outdated cabinetry, older appliances, and basic tile work consistent with renovations or maintenance from 20+ years ago. While the listing emphasizes redevelopment potential due to its prime location, the existing structure remains livable but requires modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Newport Elementary School (9/10).
- Prime Coastal Location
Situated on the Balboa Peninsula, the property is within walking distance to both the bay and world-class beaches, offering an unparalleled coastal lifestyle in a high-demand area.
- Dual-Unit Income Potential
This duplex configuration, featuring a 3-bedroom front unit and a 2-bedroom rear unit, provides versatile options for high-yield rental income or a live-in-one-rent-the-other scenario.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3049, other record lot size in square feet = 2875.
- Dated Infrastructure
Built in 1972 and marketed as a redevelopment opportunity, the existing structures likely require substantial capital investment for modernization to meet current luxury market standards.
- Compact Lot Size
With a lot size of approximately 3,049 square feet, any expansion or new construction projects will be limited by the tight footprint and strict local zoning regulations typical of the peninsula.
About 820 W Balboa Boulevard
Prime investment and redevelopment opportunity on the Balboa Peninsula in Newport Beach. This well-situated duplex features a front unit with 3 bedrooms and 2.5 bathrooms, and a rear unit with 2 bedrooms and 2.5 bathrooms, offering strong rental income potential with an established footprint. The property includes a 2-car garage and is within walking distance to the bay, world-class beaches, and the lifestyle amenities of the peninsula. With a flexible layout and desirable coastal location, this property presents potential for renovation, expansion, or redevelopment, making it an ideal choice for investors seeking both immediate cash flow and long-term upside in one of Southern California’s most sought-after neighborhoods.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1972
- Lot Size
- 3,049 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Newport Beach Unified Schools
Newport Elementary School
Grades PK-6 • 0.4 mi
Horace Ensign Intermediate School
Grades 7-8 • 0.9 mi
Newport Harbor High School
Grades 9-12 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,376 | 2,516 | 33% |
| Lot Size | 3,049 | 4,065 | 33% |
| Price | $2.75M | $3.20M | 33% |
| Price per sq ft | $1.2K | $1.2K | 50% |
| Built year | 1972 | 1948 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 31 | 275 | 33% |
Pricing History
Listed for Sale
Feb 4, 2026
$2,750,000
Initial Listing
Sold
Apr 6, 2010
$910,000
Public Record
Sold
Feb 2, 2001
$535,000
Public Record
Sold
Nov 1, 1996
$400,000
Public Record