1320 W Balboa Blvd, Newport Beach, CA 92661 - View 1
1320 W Balboa Blvd, Newport Beach, CA 92661 - View 2
1320 W Balboa Blvd, Newport Beach, CA 92661 - View 3

1320 W Balboa Blvd, Newport Beach, CA 92661

List Price: $3,850,000On Market FlagOn market
May 15, 20252,371 sqft7 beds5 baths
Listed by: Tyler Brown
License #: 02043514
Phone #: 949-438-4340
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Source:
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MLS #: NP25108122

Property Description

Investor Opportunity: Turnkey Duplex on Newport Beach's Balboa Peninsula Introducing a fully remodeled, income-producing duplex in the heart of Newport Beach’s prestigious Balboa Peninsula. This turnkey property offers a rare investment opportunity with a proven history of strong short-term rental income. Each of the two units features three bedrooms, two bathrooms, upgraded kitchens, recessed lighting, and individual HVAC systems—ideal for maximizing guest comfort and rental appeal. The property includes a versatile one-bedroom, one-bath bonus suite in the rear unit, as well as dedicated laundry facilities for each unit, adding flexibility and convenience for long- or short-term stays. Outdoor spaces are abundant, with three open patios and a rooftop deck perfect for entertaining and capturing California’s coastal lifestyle. Operating with two highly sought-after short-term lodging permits, this duplex has consistently generated impressive rental income. The prime location offers immediate access to both the bay and the beach, ensuring strong demand from vacationers. With ample parking and proximity to world-class beaches, shopping, and dining, this property is an investor’s dream. Seize the chance to own a premium, high-performing rental property in Newport Beach.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$57,600

TurboHome Estimated Value

$3,845,000

$1,622 sqft

High Valuation
$4,037,250
$1703/sqft
Normal Valuation
$3,845,000
$1622/sqft
Low Valuation
$3,652,750
$1541/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1622/sqft$3,845,000

Neighborhood: Balboa Peninsula (Residential) (BALP)

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Comparative Value

$3.15M

$3.20M

$3.38M

$3.50M

$3.85M

136 Topaz Ave, Newport Beach, CA 92662

Sale Price: $3,150,000

Selected Comparable

121 Topaz Ave, Newport Beach, CA 92662

Sale Price: $3,200,000

Selected Comparable

227 Agate Ave, Newport Beach, CA 92662

Sale Price: $3,375,000

Selected Comparable

1607 W Balboa Blvd, Newport Beach, CA 92663

Sale Price: $3,500,000

Selected Comparable

1320 W Balboa Blvd, Newport Beach, CA 92661

List Price: $3,850,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
1320 W Balboa Blvd, Newport Beach, CA 92661

1320 W Balboa Blvd, Newport Beach, CA 92661

List: $3,850,000

Listed: 5/15/2025

Area:2,371 sqft
Price/sqft:$1,624
Beds:7
Baths:5
Year Built:
Lot Size:3,049

Comparable Properties

COMPARABLE
Choose comps
121 Topaz Ave, Newport Beach, CA 92662

121 Topaz Ave, Newport Beach, CA 92662

Sale: $3,200,000

12/16/20241.23 mi

Area:2,296 sqft
Price/sqft:$1,394
Beds:7
Baths:4
Year Built:
Weight:32.1%
227 Agate Ave, Newport Beach, CA 92662

227 Agate Ave, Newport Beach, CA 92662

Sale: $3,375,000

10/16/20241.24 mi

Area:2,480 sqft
Price/sqft:$1,361
Beds:6
Baths:6
Year Built:
Weight:24.3%
136 Topaz Ave, Newport Beach, CA 92662

136 Topaz Ave, Newport Beach, CA 92662

Sale: $3,150,000

8/15/20241.27 mi

Area:2,326 sqft
Price/sqft:$1,354
Beds:6
Baths:4
Year Built:
Weight:24.1%
1607 W Balboa Blvd, Newport Beach, CA 92663

1607 W Balboa Blvd, Newport Beach, CA 92663

Sale: $3,500,000

12/13/20240.26 mi

Area:3,327 sqft
Price/sqft:$1,052
Beds:6
Baths:6
Year Built:
Weight:19.5%

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