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.
Get a detailed valuation report, schedule a tour or make an offer!
“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 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 | $/sqft | Valuation |
---|---|---|
HouseCanary | $1622/sqft | $3,845,000 |
Get a detailed valuation report, schedule a tour or make an offer!
“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.”
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
SUBJECT1320 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
COMPARABLEChoose comps
121 Topaz Ave, Newport Beach, CA 92662
Sale: $3,200,000
12/16/2024 • 1.23 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
Sale: $3,375,000
10/16/2024 • 1.24 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
Sale: $3,150,000
8/15/2024 • 1.27 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
Sale: $3,500,000
12/13/2024 • 0.26 mi
Area:3,327 sqft
Price/sqft:$1,052
Beds:6
Baths:6
Year Built:—
Weight:19.5%
Subject Property
SUBJECTImage | Address | List Price | sqft | Price/sqft | Lot Size | Distance | List Date | Beds | Baths | Year Built | Weight |
---|---|---|---|---|---|---|---|---|---|---|---|
1320 W Balboa Blvd, Newport Beach, CA 92661 | $3,850,000 | 2,371 | $1,624 | 3,049 | — | 5/15/2025 | 7 | 5 | — | — |
Comparable Properties
COMPARABLEChoose comps
Image | Address | Sale Price | sqft | Price/sqft | Lot Size | Distance | Sale Date | Beds | Baths | Year Built | Weight |
---|---|---|---|---|---|---|---|---|---|---|---|
121 Topaz Ave, Newport Beach, CA 92662 | $3,200,000 | 2,296 | $1,394 | 2,614 | 1.23 mi | 12/16/2024 | 7 | 4 | — | 32.1% | |
227 Agate Ave, Newport Beach, CA 92662 | $3,375,000 | 2,480 | $1,361 | 2,550 | 1.24 mi | 10/16/2024 | 6 | 6 | — | 24.3% | |
136 Topaz Ave, Newport Beach, CA 92662 | $3,150,000 | 2,326 | $1,354 | 2,550 | 1.27 mi | 8/15/2024 | 6 | 4 | — | 24.1% | |
1607 W Balboa Blvd, Newport Beach, CA 92663 | $3,500,000 | 3,327 | $1,052 | 2,562 | 0.26 mi | 12/13/2024 | 6 | 6 | — | 19.5% |
Nearby Listings
1 similar properties within 5 miles
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