$3,499,000
520 W. Balboa Boulevard, Newport Beach CA 92661
Multi-Family (Duplex)
Property type
1 day
On market
$1,420
Price per sqft
3 cars
Garage
1976
Year built
2,807 sqft
Lot size
Home highlights
Open Houses
Overview
UNIQUE OPPORTUNITY. PRIME CORNER LOCATION IN THE DESIRABLE BALBOA PENNISULA FOR THIS CHARMING DUPLEX WITH GREAT OCEAN VIEWS. LOCATED APPROXIMATELY 1 BLOCK FROM THE OCEAN AND PUBLIC BEACH AND APROXIMATELY 1 BLOCK FROM NEWPORT HARBOR AND THE BAY. UPSTAIRS 3BED/ 2BATH 1,440 SF UNIT FEATURES OPEN FLOOR PLAN WITH OCEAN VIEW MASTER BEDROOM, SPACIOUS LIVING ROOM AND DINING AREA,...
Listing provided by: Jon Martino DRE #00889953, Jon Martino
Listing updated: Jun 13, 2026 at 02:52pm.
Last checked: Jun 13, 2026 at 03:30pm
Source: CRMLS #NP26129020
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 2 | — | $3,000 | $3,000 | $3,200 | Unfurnished |
| 1 | 3 | 2 | — | $4,100 | $4,100 | $4,500 | Unfurnished |
# of Buildings: 1
# of Units Total: 2
Separate Electric Meters: 2
Separate Gas Meters: 2
Separate Water Meters: 1
Dishwasher: 2
Disposal: 2
Ranges: 2
Refrigerator: 2
Rent Control: No
Tenant Pays: Cable Tv, Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
41.1x
List Price / Annual Gross Rent
Cap Rate
1.47%
NOI / List Price
Gross Scheduled Income: $85,200
Operating Expense: $33,642
Net Operating Income: $51,558
Annual Operating Expenses
Insurance: $4,793
Maintenance: $2,225
New Taxes: $23,749
Trash: $0
Water / Sewer: $2,721
Other Expense: $154
Interior
Interior Features: Balcony, Ceiling Fans, Open Floor Plan, Unfurnished
Room Type: Family Room, Kitchen, Living Room
Flooring: Tile, Wood
Cooling: None
Heating: Forced Air
Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater, Dryer, Washer
Fireplace: Living Room
Laundry: Inside, Dryer Included, Washer Included
Entry Location: 1
Exterior
Property Attached: No
Stories Total: 2
Levels: Two
Roof: Asphalt, Flat
Common Walls: No Common Walls
Lot Features: Corner Lot
Pool: None
Fencing: Wrought Iron
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View: Ocean
Road Frontage Type: Alley, City Street
Road Surface Type: Alley Paved, Paved
Garage and Parking
Parking: Carport, Door Multi, Garage
Garage Spaces: 3
Carport Spaces: 1
Parking Total: 4
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 04807114
Additional Parcels: No
Tax Lot: 12
Tax Block: 3
Subdivision: Balboa Peninsula (Residential) (BALP)
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Biking, Curbs, Fishing, Storm Drains, Street Lights, Suburban, Sidewalks, Water Sports
Nearby Schools
Nearby schools around the 520 W. Balboa Boulevard, Newport Beach, CA 92661. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,799,200
Total Interest
$3,570,225
Total Payment
$6,369,425
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$21,488
per month
Property History for 520 W. Balboa Boulevard
Newport Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92661.
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