Deal numbers
- Est. cap rate
- 1.6%
- Assumed rent, all units
- $10,560/mo
- Units
- 2
- Price per unit
- $1,999,900
- Est. annual NOI
- $63,360
- Expense assumption
- 50%
Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.
Run your own numbers
Adjust the assumptions to see cash flow and cash on cash return.
- Effective gross income
- $120,384
- Operating expenses
- $60,192
- Net operating income
- $60,192
- Annual debt service
- $239,497
- Annual cash flow
- -$179,305
- Cash on cash return
- -17.9%
- Down payment
- $999,950
Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.
Property details
- Type
- Duplex
- Bedrooms
- 7
- Bathrooms
- 5
- Building size
- 2,371 sqft
- Lot size
- 3,049 sqft
- Year built
- 1955
- Stories
- 2
- Garage spaces
- 2
- Style
- Bungalow
- Heating
- Ductless
- Cooling
- Wall/Window Unit(s),Ductless
- Pool
- None
- View
- Coastline,Ocean,Peek-A-Boo
- Status
- Active
- Days on market
- 192
- MLS #
- 246889086
About this property
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 share dedicated on site 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.
Location
1320 W Balboa Boulevard
Newport Beach, Orange, CA, 92661