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Property Description
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 active permits 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.
Features
: Ductless
: Wall/window Unit(s), Ductless
: Wood
: Ocean, Coastline, Peek-a-boo
: Deck, Patio, Roof Top, Front Porch
: Composition
: 4.00
: 220 Volts In Garage
: 2-5 Units/acre
: Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Cable Connected
: Public
2
: Gas Dryer Hookup, In Garage, Stackable, In Closet
0
: Public Sewer
0
0
: Sidewalks, Street Lights, Suburban, Storm Drains
: Garage, Attached Carport, Carport, Garage Faces Rear
: Vinyl
1
: Turnkey
: Slab
: Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Gas Oven, Range Hood, Vented Exhaust Fan, High Efficiency Water Heater, Freezer, Water Heater
0
: High Ceilings, Recessed Lighting, Ceiling Fan(s), Granite Counters
: No Common Walls
3
4
: Bungalow
MLS Addon
Newport Mesa Unified
Compass
Duplex

Residential Purchase For Sale

1320 Balboa Boulevard, Newport Beach, California 92661

7 Bedrooms
5 Bathrooms (Full)
2,371 Sqft
$3,350,000
Listing ID #NP21202799
Basic Details
Property Type : Residential Purchase
Listing Type : For Sale
Listing ID : NP21202799
Price : $3,350,000
Bedrooms : 7
Rooms : 0
Bathrooms (Full) : 5
Square Footage : 2,371 Sqft
Year Built : 1955
Lot Area : 0.07 Acre
Price Per Square Foot : $1,413
Status : Active
Property SubType : Duplex
Subdivision : Balboa Peninsula (Residential) (BALP)
Bathrooms : 5
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