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    1320 W Balboa Boulevard

    Newport Beach, CA 92661
    • $3,350,000
    • STATUS: Active
    • ON SITE: 39 Days
    • ID#: NP21202799
    UPDATED: 109 min ago
    $3,350,000
    • 7
      BEDS
    • 0.07
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 2,371
      SQFT
    • $1,413
      $/SQFT
    Type:
    Single-Family Home
    Built:
    1955
    County:

    School Ratings & Info

    School District:

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T00:26:01.947. 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 deemed reliable but is not guaranteed accurate by the MLS or Accardo Real Estate Associates | Compass. Licensed in the State of California, USA.
    www.naylorproperties.com/homes/121427066
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    1320 W Balboa Boulevard Newport Beach, CA 92661

    • Price: $3,350,000
    • Status: Active
    • Updated: 109 min ago
    • ID#: NP21202799
    7
    Beds
    5
    Baths
    0
    ½ Baths
    0.07
    Acres
    2,371
    SQFT
    $1,413
    $/SQFT
    1955
    Built
    Neighborhood:
    Balboa Peninsula (Residential) (Balp)
    County:
    Orange
    Area:
    NP - Balboa Peninsula
    School District:
    Newport Mesa Unified
    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.
    Exterior Features

    Architectural Style Bungalow Attached Garage YN 1 Carport Spaces 2 Carport YN Yes Construction Materials Drywall Exterior Features Awning(S) Fencing Wood Foundation Details Slab Lot Features 2-5 Units/Acre Parking Features Attached CarportCarportGarageGarage Faces Rear Parking Total 4 Patio And Porch Features DeckFront PorchPatioRooftop Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa Features None Spa YN No View CoastlineOceanPeek-A-Boo View YN Yes

    Interior Features

    Accessibility Features None Appliances DishwasherFreezerDisposalGas OvenGas RangeGas Water HeaterHigh Efficiency Water HeaterMicrowaveRefrigeratorRange HoodTankless Water HeaterVented Exhaust FanWater Heater Common Walls No Common Walls Cooling DuctlessWall/Window Unit(S) Cooling YN Yes Door Features Insulated Doors Fireplace Features None Fireplace YN No Flooring Vinyl Heating Ductless Heating YN Yes Interior Features Ceiling Fan(S)Granite CountersHigh CeilingsRecessed Lighting Main Level Bathrooms 3 Main Level Bedrooms 4 Window Features Double Pane WindowsInsulated Windows

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Storm Drain(S)Street LightsSuburbanSidewalks Contingency Sale is Contingent Upon Sellers identifying A Replacement PropertyBuyer To Cooperate With Sellers 1031 Exchange At No Cost To Buyer. Buyer To Assume Lease On Washer/ Dryer Lease in Back Unit Garage. Current Financing Conventional Electric 220 Volts in Garage Garage YN Yes Land Lease YN No Laundry Features Gas Dryer HookupLaundry ClosetIn GarageStacked Lease Considered YN No Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 ExchangeSubject To Other New Construction YN No Possession Close Plus 3 Days Property Condition Turnkey Property Sub Type Duplex Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type Duplex Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Source Public

    Listing provided courtesy of Tyler Brown of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T00:26:01.947. 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 deemed reliable but is not guaranteed accurate by the MLS or Accardo Real Estate Associates | Compass. Licensed in the State of California, USA.
     
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    Accardo Real Estate Associates | Compass
    1820 S. Elena Ave. Ste. H
    Redondo Beach CA, 90064