Backup offers
#NP24255097, Annie Clougherty, Listing Office: Compass
$3,880,000 List price
1320 W Balboa Blvd Newport Beach, CA 92661
7 beds
5 full
2,371 sqft
0.07 acres
$1,636 / sqft
Multi-Family
Property details
About 1320 W Balboa Blvd
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!
Highlights
Home typeDuplex
HeatingDuctless
StatusActive
CoolingDuctless, Wall/Window Unit(s)
Size2,371 sqft
Lot size0.07 Acres
Year built1955
ParkingAttached Carport, Carport, Garage, Garage Faces Rear
MLS #NP24198991
Attached garage2 spaces
ViewOther, Ocean
Summary
- MLS Number: NP24198991
- MLS Name: CRMLS
- Office Name: Compass
- Office Phone: (949) 220-4409
- Listing Agent: Tyler Brown
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 12:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,880,000
1320 W Balboa Blvd
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 27, 2017 | Home Sold | $1,545,000 |
| Jul 01, 1992 | Home Sold | $400,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,944,681 | $21,013 |
| 2023 | $1,906,550 | $20,519 |
| 2022 | $1,869,167 | $20,176 |
| 2021 | $1,832,517 | $19,790 |
| 2020 | $1,813,727 | $19,596 |
| 2019 | $1,685,037 | $16,730 |
| 2018 | $1,545,000 | $16,730 |
| 2017 | $493,369 | $5,683 |
History based on county public records data.
Nearby schools
8
Newport Elementary School
Public District KG-6
0.1 mi
•1327 W Balboa Blvd
7
Newport Heights Elementary School
Public District KG-6
1.5 mi
•300 E 15th St
7
Mariners Elementary School
Public District KG-6
1.9 mi
•2100 Mariners Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $110,552. Typical income of Newport Beach, CA residents is between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
11%
<35k
33%
35k-100k
29%
100k-200k
27%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
68%
Single, No Kids
6%
Single, with Kids
19%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
6%
<11 yrs old
5%
12-17 yrs old
36%
18-34 yrs old
39%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Art Museums
Music Concerts
Live Theatre
Where do the neighbors shop?
Bloomingdales
H&M
Banana Republic
Where do the neighbors go to eat?
Starbucks
Chipotle
Boston Market
What do the neighbors drive?
Audi
Volkswagen
Mercedes
What do the neighbors listen to?
News
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
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This home is located at 1320 W Balboa Blvd in Newport Beach, CA and zip code 92661 in the Central Newport Beach neighborhood. This 2,371 square foot home, which was built in 1955, sits on a 0.07 acre lot. Features: 7 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since September 25, 2024 and is currently priced at $3,880,000.
While more than 12 listings in Newport Beach, CA in February 2025 were sold above asking price, there were more than 13 listings sold at asking price, and more than 51 were sold below. In February 2025 in Newport Beach, CA there were 19% more homes for sale than in January. While the average time on the market in February 2025 was 45 days, the median list price was $3,532,144.
From Rocket Homes Real Estate and based on county public records data.