1320 W Balboa Boulevard Newport Beach, CA $ 3,850,000
1320 W Balboa Boulevard
$ 3,850,000
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1320 W Balboa Boulevard

Newport Beach, CA, 92661
$ 3,850,000
Bedrooms7 Baths5.0 Sq 2,371

Monthly Estimate*

$ 24,019

Listed by Compass
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Multi-Family Home for sale in Newport Beach, CA

for $3,850,000 with 7 bedrooms and 5 full baths. This 2,371 square foot home was built in 1955 on a lot size of 0.07.

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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Multi-Family Active

Price

$ 3,850,000

Bedrooms

7

Full Bath

5

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.07

Year Built

1955

Town/City

Newport Beach

County/Region

Orange

MLS | Web ID

NP25108122

Days on Market

232

Features
General
Living Area 2371
Sewer Public Sewer
Heating Ductless
Cooling Ductless Wall/Window Unit(s)
Utilities Cable Connected Electricity Connected Natural Gas Connected Phone Connected Sewer Connected Water Connected
Possession Close Plus 3 Days
Roof Composition
Appliances Dishwasher Freezer Disposal Gas Oven Gas Range Gas Water Heater High Efficiency Water Heater Microwave Refrigerator Range Hood Tankless Water Heater Vented Exhaust Fan Water Heater
HOA Fee 0
Garage Spaces 2
Patio/Porch Features Deck Front Porch Patio Rooftop
Architectural Style Bungalow
Pool Features None
Construction Materials Drywall
Year Built 1955
Electric 220 Volts in Garage
View Coastline Ocean Peek-A-Boo
Levels Multi/Split
Property Subtype Duplex
Waterfront Features Across the Road from Lake/Ocean
Community Features Storm Drain(s) Street Lights Suburban Sidewalks
Accessibility None
County Orange
New Construction false
Property Type Residential
HOA false
Attached Garage true
Contingency Sale is contingent upon sellers identifying a replacement property buyer to cooperate with sellers 1031 exchange at no cost to buyer.
Subdivision Name Balboa Peninsula (Residential) (BALP)
Garage Y/N true
Full Baths 5
Special Listing Conditions Standard
Status Active
Directions Balboa blvd North property is on the right side
High School Newport Harbor
City Newport Beach
Entry Location 1
Senior Community Y/N false
High School District Newport Mesa Unified
Number Of Units Total 3
MLS Area NP - Balboa Peninsula
Lot Size Units Square Feet
Lot Size Square Feet 3049
Carport Spaces 2
Carport Y/N true
Listing Terms Cash Cash to New Loan 1031 Exchange Subject To Other
Spa Features None
Elementary School Newport
Property Attached Y/N false
Land Lease Y/N false
Current Financing Conventional
Middle/Junior High School Ensign
Property Condition Turnkey
Additional Parcels Y/N false
Lease Considered Y/N false
Structure Type Duplex
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Year Built Source Assessor
Tax Lot 6
Property Sub Type Additional Duplex
Expected Active Date 2025-05-15
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Interior
Interior Amenities Breakfast Bar Ceiling Fan(s) Granite Counters High Ceilings Recessed Lighting
Flooring Vinyl
Fireplace Features None
Total Stories 2
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Window Features Double Pane Windows Insulated Windows
Fireplace Y/N false
Laundry Features Gas Dryer Hookup Laundry Closet In Garage Stacked
Total Bedrooms 7
Entry Level 1
Main Level Bedrooms 4
Main Level Bathrooms 3
Total Baths 5
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Exterior
Exterior Amenities Awning(s)
Fencing Wood
Parking Features Attached Carport Carport Garage Garage Faces Rear
Lot Features 2-5 Units/Acre
Water Source Public
Total Parking 4
Lot Size Area 3049
Foundation Details Slab
Spa false
Lot Size Acres 0.07
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Door Features Insulated Doors
Road Frontage Type City Street
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* Excluded Features
List By
Compass

Broker

tyler@tylerbrownre.com

Email

Affordability Calculator

$24,019
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$24,019
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Newport Harbor High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$3,850,000 Listed Price

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1320 W Balboa Boulevard, Newport Beach, CA, 92661 is a Multi-Family Home for sale at $3,850,000 with 2,371 sqft and a lot size of 0.07. 1320 W Balboa Boulevard has 7 bedrooms, 5.0 baths, and was built in 1955. The property's zip code is 92661 which is in Newport Beach, CA