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Listed price in listed location currency (USD).
$3,150,000

424

MLS® NP26027772

  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential
Size 1552 sqft
Garage Yes
Taxes 
Days Active 0
Lot Size 0.06 acres
Approx. Age 1947
Avg. Price Per Sqft $2,029
MLS® Number NP26027772

Property Address: 205 42nd St, Newport Beach, CA, 92663

Average square foot calculated using Size range provided by listing agent.

Description

Incredible investment opportunity in the heart of Newport Beach. This turnkey duplex includes two Short Term Rental Permits that are transferable to the new owner! The property consists of two separate units and an oversized 4-car garage, assuring you will never be without parking at the beach. Located on the Balboa Peninsula, this duplex is just steps to the sandy beach or a short walk to Channel Park on the bay. Each unit offers 2 bedrooms and 1 bathroom with recently updated kitchens and baths. The upper unit, situated above the garage, enjoys ocean breezes, while the lower unit features a private patio with a fire pit, enhancing guest appeal and rental performance. Both units are fully furnished and equipped with modern conveniences including Smart TVs, on-site washer and dryer, towels, linens and beach gear, allowing for immediate, turnkey operation. The property has an established history as a professionally managed vacation rental with consistent income, making it a strong, proven performer. All finishes, furnishings, and household items are in excellent condition. All appliances new as of 2024 including tankless water heater. Recent improvements including new paint, roof, windows, and additional upgrades minimizing near-term capital expenditures. This is a low-maintenance coastal asset located in one of Newport Beach’s strongest rental corridors.
MLS® NumberNP26027772
Laundry LevelCommon Area, In Garage
Central VacNo
FireplaceNo
Acreage0.06
Exterior
GarageYes
Approx. Age1947
Basement
DrivewayAssigned, Garage, Oversized, Private
Garage Spaces4
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 6, 2026List Date
$3,150,000List Price
  • Commute

Commute

Starting Address
Destination Address
205 42 Nd St, Newport Beach, CA

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