820 W Balboa BLVD Newport Beach, CA 92661 Active Under Contract

UPDATED: 02/27/2026 12:27 AM ON MARKET: 26 days on market

$2,750,000

5 Beds6 Baths2,376 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,376 sqft

Price per Sqft $1,157

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID NP26025014

Bedrooms 5

Full Baths 4

Half Baths 2

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1972

Lot Size 3,049 Sqft

Property Sub-Type Duplex

Property Description

Prime investment and redevelopment opportunity on the Balboa Peninsula in Newport Beach. This well-situated duplex features a front unit with 3 bedrooms and 2.5 bathrooms, and a rear unit with 2 bedrooms and 2.5 bathrooms, offering strong rental income potential with an established footprint. The property includes a 2-car garage and is within walking distance to the bay, world-class beaches, and the lifestyle amenities of the peninsula.

With a flexible layout and desirable coastal location, this property presents potential for renovation, expansion, or redevelopment, making it an ideal choice for investors seeking both immediate cash flow and long-term upside in one of Southern California's most sought-after neighborhoods.