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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$3,850,000

Est. payment - /mo

7 Beds

5 Baths

2,371 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,371 sqft

Price per Sqft $1,623

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID NP25108122

Bedrooms 7

Full Baths 5

Construction Status Turnkey

HOA Y/N No

Year Built 1955

Lot Size 3,049 Sqft

Property Sub-Type Duplex

Property Description

Investor opportunity in one of Newport Beach's most desirable coastal neighborhoods. Located just across the street from the beach and Newport Elementary, 1320 W Balboa offers a rare chance to own a remodeled, income-producing duplex in the heart of the Balboa Peninsula. With close proximity to the bay, the boardwalk, and countless local attractions, this property blends flexible use with exceptional walkability.

Each of the two spacious units includes three bedrooms and two bathrooms, upgraded kitchens, recessed lighting, and individual HVAC systems. A separate one-bedroom, one-bath bonus suite in the rear unit adds further flexibility for guest use, owner stays, or additional rental income. Both buildings are equipped with their own dedicated laundry, and the property offers generous parking with a two-car attached garage plus a two-car tandem carport—an invaluable asset on the Peninsula.

Multiple outdoor areas, including three open patios and a rooftop deck, create inviting spaces for relaxing or entertaining. With two active short-term lodging permits and a solid history of rental income, 1320 W Balboa presents a unique opportunity for investors or owner-users seeking a high-performing asset in a premier beachside location.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Rooms

Main Level Bedrooms 4

Interior

Interior Features Breakfast Bar, Ceiling Fan(s), Granite Counters, High Ceilings, Recessed Lighting

Heating Ductless

Cooling Ductless, Wall/Window Unit(s)

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Gas Water Heater, High Efficiency Water Heater, Microwave, Refrigerator, Range Hood, Tankless Water Heater, Vented Exhaust Fan, Water Heater

Laundry Gas Dryer Hookup, Laundry Closet, In Garage, Stacked

Exterior

Exterior Feature Awning(s)

Parking Features Attached Carport, Carport, Garage, Garage Faces Rear

Garage Spaces 2.0

Carport Spaces 2

Garage Description 2.0

Fence Wood

Pool None

Community Features Storm Drain(s), Street Lights, Suburban, Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Waterfront Description Across the Road from Lake/Ocean

View Y/N Yes

View Coastline, Ocean, Peek-A-Boo

Roof Type Composition

Accessibility None

Porch Deck, Front Porch, Patio, Rooftop

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre

Dwelling Type Duplex

Story 2

Entry Level Multi/Split

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Bungalow

Level or Stories Multi/Split

New Construction No

Construction Status Turnkey

Schools

Elementary Schools Newport

Middle Schools Ensign

High Schools Newport Harbor

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 04723328

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Subject To Other

Listing Terms Cash, Cash to New Loan, 1031 Exchange, Subject To Other

Special Listing Condition Standard

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Listed by Tyler Brown Serhant California, Inc 949-220-4409, DRE #02043514

NEARBY SCHOOL & BUSINESS

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1320 W Balboa BLVD Newport Beach, CA 92661