San Clemente - Ali Ardabili Team
1/30
Listed By: Compass, 949-220-4409, Tyler Brown
Local Realty Services Provided By: Keller Williams Realty
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$3,880,000
1320 W Balboa Boulevard, Newport Beach, CA 92661
7 Beds
5 Baths
2,371 sq ft
.07 ac
$3,880,000

1320 W Balboa Boulevard, Newport Beach, CA 92661

Estimation provided by Keller Williams Realty Inc.
7 Beds
5 Baths
2,371 sq ft
.07 ac
Active
For Sale

Property Description

Investor Opportunity: Turnkey Duplex on Newport Beach's Balboa Peninsula



Introducing a fully remodeled, income-producing duplex in the heart of Newport Beach’s prestigious Balboa Peninsula. This turnkey property offers a rare investment opportunity with a proven history of strong short-term rental income. Each of the two units features three bedrooms, two bathrooms, upgraded kitchens, recessed lighting, and individual HVAC systems—ideal for maximizing guest comfort and rental appeal.



The property includes a versatile one-bedroom, one-bath bonus suite in the rear unit, as well as dedicated laundry facilities for each unit, adding flexibility and convenience for long- or short-term stays. Outdoor spaces are abundant, with three open patios and a rooftop deck perfect for entertaining and capturing California’s coastal lifestyle.



Operating with two highly sought-after short-term lodging permits, this duplex has consistently generated impressive rental income. The prime location offers immediate access to both the bay and the beach, ensuring strong demand from vacationers. With ample parking and proximity to world-class beaches, shopping, and dining, this property is an investor’s dream.



Seize the chance to own a premium, high-performing rental property in Newport Beach. Contact us today to schedule a showing!

Property Details

Compare This Home
Overview
Property Type
Duplex
Property Size
2,371 sq ft
Year Built
1955
Days on Site
179 Days
HVAC
Wall/Window Unit(s), Ductless
Parking
4 Parking Spaces
Ardabili and Associates
Keller Williams OC Coastal Realty
01905747

Activity History

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0
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Purchase Price: $3,880,000
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Price & Tax History

Date
Event
Price
01/10/2025
Price Decrease
$3,880,000
(-2.51%)
09/25/2024
Listed
$3,980,000
(+157.61%)
10/10/2017
Sold
$1,545,000
(+1,831.25%)
03/26/1999
Sold
$80,000
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
$20,519
(+3.68%)
$1,906,550
Land 1,622,684 + Additions 321,997
2021
$19,791
(+8.65%)
$1,869,167
Land 1,559,672 + Additions 309,495
2019
$18,216
(+8.88%)
$1,813,727
Land 1,513,411 + Additions 300,316
2018
$16,731
(+194.4%)
$1,685,037
Land 1,483,736 + Additions 201,301
2017
$5,683
$1,545,000
Land 1,461,646 + Additions 83,354
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.

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Car-Dependent Walkable Very Walkable
Ardabili and Associates
Keller Williams OC Coastal Realty
01905747

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