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Kevin O'keefe

kevin.okeefe@lptrealty.com +1(858) 260-9001

$ 3,850,000

Est. payment | -/mo

7 Beds

5 Baths

2,371 SqFt

Save

$ 3,850,000

Est. payment | -/mo

Save

7 Beds

5 Baths

2,371 SqFt

Key Details

Property Type Townhouse

Sub Type Townhome

Listing Status Active

Purchase Type For Sale

Square Footage 2,371 sqft

Price per Sqft $1,623

Subdivision Balboa Peninsula (Residential) (

MLS Listing ID NP25108122

Style Craftsman/Bungalow

Bedrooms 7

Full Baths 5

Year Built 1955

Lot Size 3,049 Sqft

Property Sub-Type Townhome

Property Description

Investor opportunity in one of Newport Beachs 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 carportan 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

Direction Balboa blvd North, property is on the right side

Interior

Interior Features Granite Counters, Recessed Lighting

Cooling Wall/Window

Flooring Linoleum/Vinyl

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Gas Oven, Vented Exhaust Fan, Gas Range

Laundry Gas

Exterior

Parking Features Garage

Garage Spaces 2.0

Fence Wood

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

View Y/N Yes

Water Access Desc Public

View Ocean, Coastline, Peek-A-Boo

Roof Type Composition

Accessibility None

Porch Deck, Patio, Roof Top

Total Parking Spaces 4

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 04723328

Acceptable Financing Cash, Exchange, Cash To New Loan

Listing Terms Cash, Exchange, Cash To New Loan

Special Listing Condition Standard

Listed by Tyler Brown, DRE#02043514 Serhant California, Inc

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+1(858) 260-9001

kevin.okeefe@lptrealty.com

10620 Treena St Ste 230, San Diego, CA, 92131-1140, USA

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1320 W Balboa Boulevard Newport Beach, CA 92661