$2,575,000 - 1320 W Balboa Boulevard, Newport Beach

  • 7Beds
  • 5Baths
  • 2,371SQ. Feet
  • 0.07Acres

1320 W Balboa Blvd is a turnkey property situated in the perfect location on the famed Balboa Peninsula just steps between the beach and the bay. The R2 zoned property consists of two detached units that were fully remodeled down to the studs in 2018. Each unit has three bedrooms, two bathrooms, luxury vinyl flooring, upgraded kitchens, recessed lighting, HVAC and dedicated laundry. The rear unit also has an attached one bedroom one-bathroom unit that can be used as an additional bedroom, studio or owner suite on property with its own entrance. Entertain friends and family while catching the ocean breeze on one of the three open patio spaces or up on the spacious rooftop deck. Parking is not an issue with the attached two car garage and two covered carport spaces. Currently operated as a short term rental property with an active permit on file, this is a great opportunity for a turnkey investment with historically strong rental income. Close to world class beaches, shopping, dining and dining, come see all that this amazing property and Newport Beach have to offer.

Sales Agent

Sam SmithLaguna Beach Realtors ®Phone: 949-355-1622Cell: 949-355-1622Contact Agent Now

Essential Information

  • MLS® #:NP20073018
  • Price:$2,575,000
  • Bedrooms:7
  • Bathrooms:5.00
  • Full Baths:5
  • Square Footage:2,371
  • Acres:0.07
  • Year Built:1955
  • Type:Residential
  • Sub-Type:Duplex
  • Style:Bungalow
  • Status:Active

Community Information

  • Address:1320 W Balboa Boulevard
  • Area:Balboa Peninsula (NP)
  • Subdivision:Balboa Peninsula (Residential) (BALP)
  • City:Newport Beach
  • County:Orange
  • State:CA
  • Zip Code:92661

Amenities

  • Utilities:Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected
  • Parking Spaces:2
  • Parking:Carport Attached, Garage - Rear Entry
  • # of Garages:2
  • View:Neighborhood, Peek-A-Boo View
  • Pool:None

Interior

  • Interior Features:Granite Counters, High Ceilings (9 Feet+), Open Floor Plan, Recessed Lighting, Drywall Walls
  • Appliances:Gas Dryer Hookup, Garbage Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan
  • Heating:Electric
  • Cooling:Wall or Window Units, Electric, High Efficiency
  • Fireplaces:None
  • # of Stories:1
  • Stories:One Level

Exterior

  • Exterior:Drywall Walls
  • Exterior Features:Awning
  • Lot Description:2-5 Units/Acre
  • Windows:Double Pane Windows
  • Roof:Composition
  • Construction:Drywall Walls

School Information

  • District:Newport Mesa Unified

Additional Information

  • Date Listed:April 13th, 2020
  • Days on Market:219
  • HOA Fees:0.00

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Provided By: Tyler Brown(02043514), Compass.

Based on information from California Regional Multiple Listing Service, Inc. as of December 2nd, 2020 at 8:06am PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.