$ 3,150,000
-
$3,150,000
Price -
4
Bed -
2
Bath -
1,552
SqFt
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About the Listing NP60725 - u60087
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.
Listing Highlights
Status
Active
Days on Site
3
Property Type
Residential
MLS ®
NP26027772
Year Built
1947
Total Square Footage
1,552
Lot/Acreage
0.06
County
Orange
Neighborhood
Balboa Peninsula (Residential) (BALP)
School District
Newport Mesa Unified
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances: Barbecue, Gas Oven, Gas Range, Refrigerator, Tankless Water Heater
- Air Cond:
- Heating:
- Fireplaces: Outside,Propane,Fire Pit
- Floor: Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Ceiling Fan(s),Furnished
- Water: Public
Exterior Details
- Lot Description: Corner Lot,Near Public Transit,Park Nearby,Paved,No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 4
- Roof: Composition
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Assigned,Garage,Oversized,Private
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 42329608
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
205 42nd St Newport Beach, CA 92663
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