1320 W Balboa Boulevard, Newport Beach

$2,575,000

7 Beds
5 Baths
2,371 Sqft
.07 Acres
2 Garages

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.

Essential Information
MLS® #NP20073018
Price$2,575,000
Bedrooms7
Bathrooms5.00
Full Baths5
Square Footage2,371
Acres0.07
Year Built1955
TypeResidential
Sub-TypeDuplex
StyleBungalow
StatusActive
Community Information
Address1320 W Balboa Boulevard
AreaBalboa Peninsula (NP)
CityNewport Beach
CountyOrange
StateCA
Zip Code92661
Subdivision

Balboa Peninsula (Residential) (BALP)

Amenities
Parking Spaces2
# of Garages2
ViewNeighborhood, Peek-A-Boo View
PoolNone
Utilities

Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected

Parking

Carport Attached, Garage - Rear Entry

Interior
HeatingElectric
FireplacesNone
# of Stories1
StoriesOne Level
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

Cooling

Wall or Window Units, Electric, High Efficiency

Exterior
ExteriorDrywall Walls
Exterior FeaturesAwning
Lot Description2-5 Units/Acre
WindowsDouble Pane Windows
RoofComposition
ConstructionDrywall Walls
School Information
DistrictNewport Mesa Unified
Additional Information
Date ListedApril 13th, 2020
Days on Market44
HOA Fees0.00
Listing Details
AgentTyler Brown(02043514)
OfficeCompass

Get directions to this property:

Based on information from California Regional Multiple Listing Service, Inc. as of May 28th, 2020 at 1:52pm PDT. 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.

Contact Team Laguna