1320 W Balboa Boulevard
- Newport Beach, CA
- $3,850,000
7 Beds 5 Baths 2,371 Sq.Ft. 3,049 Sq.Ft.
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.
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Explore
With more than eight miles of golden beaches, Newport Beach offers everything from tranquil stretches of sand to the legendary waves of The Wedge. The harbor, one of the largest recreational boat harbors in the United States, is dotted with thousands of yachts and sailboats, creating a dynamic waterfront scene. Just south, Crystal Cove State Park enchants with dramatic bluffs, tide pools, and miles of scenic trails.
From the upscale boutiques and gourmet dining at Fashion Island to the timeless charm of Balboa Island, Newport Beach delivers both elegance and ease. Its neighborhoods offer a variety of lifestyles - from serene coastal enclaves and architecturally stunning estates to lively districts brimming with waterfront activities.
The city is served by the highly regarded Newport-Mesa Unified School District, home to top-performing schools like Corona del Mar High School and Newport Harbor High School. Alongside excellent academics, residents enjoy outstanding city services, beautiful parks, robust recreational programs, and a strong emphasis on safety - making Newport Beach as family-friendly as it is luxurious.
Discover the unique neighborhoods that make Newport Beach so desirable:
Here, every day feels like a vacation. From sunrise paddle boarding in the harbor to sunset strolls along the bluffs, Newport Beach embodies the ultimate Southern California coastal lifestyle, where seaside relaxation meets timeless sophistication.
Frequently Asked Questions
Q: What are current home prices in Newport Beach?
A: Newport Beach real estate prices typically average between $3.4M and $3.5M. While inland single-family homes start around $2M, luxury harborfront properties and oceanfront estates frequently exceed $5M to $10M+.
Q: Are there HOA fees in Newport Beach neighborhoods?
A: HOA fees vary by community; many traditional single-family neighborhoods have none, while luxury condos and gated enclaves like Newport Coast or Big Canyon require monthly dues for amenities and security.
Q: Can I legally rent a home short-term in Newport Beach?
A: Yes, but owners must obtain a city-issued Short-Term Lodging Permit. Regulations regarding occupancy and parking are strictly enforced, and some HOAs may prohibit rentals under 30 days. There is a cap on the total number of available short term lodging permits in the city, reach out to discuss ways of obtaining a property with an active permit.
Q: Which schools serve Newport Beach residents?
A: Residents are served by the Newport-Mesa Unified School District, featuring top-rated schools such as Newport Elementary, Horace Ensign Intermediate, and Newport Harbor High School.
Q: How accessible is Newport Beach to airports and freeways?
A: Newport Beach offers prime Orange County accessibility, located just 15 minutes from John Wayne Airport (SNA) with direct access to the I-405, CA-55, and Pacific Coast Highway.
Q: What lifestyle amenities are available in Newport Beach?
A: The area boasts world-class amenities including Newport Harbor boating, luxury shopping at Fashion Island, championship golf at Pelican Hill, and pristine beaches like Crystal Cove.
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Tyler Brown is the founding principal of Tyler Brown & Associates at SERHANT., specializing in the Balboa Peninsula, Lido Isle, and Newport Beach's coastal waterfront market. A Peninsula resident and top 1% Orange County agent for five consecutive years, Tyler focuses on oceanfront and bayfront properties, short-term rental investments, and luxu...
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