205 42nd Street, Newport Beach, CA 92663

Newport Beach
Local realty services provided by:ERA North Orange County Real Estate
205 42nd Street,Newport Beach, CA 92663
$3,150,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: anna andrews
Office: compass
MLS#:NP26014086
Source:CAREIL

Price summary

  • Price:$3,150,000

About this home

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,...

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Home facts

  • Year built:1947
  • Listing ID #:NP26014086
  • Added:100 day(s) ago
  • Updated:May 17, 2026 at 04:19 PM

Rooms and interior

  • Flooring:Laminate
  • Kitchen Description:Refrigerator

Structure and exterior

  • Roof:Composition
  • Year built:1947
  • Lot area:0.06 Acres
  • Lot Features:Greenbelt, Mid Block, Paved
  • Foundation Description:Concrete Slab

Utilities

  • Water:District - Public

Finances and disclosures

  • Price:$3,150,000

Features and amenities

  • Laundry features:Community Facility, In Garage
  • Amenities:Ceiling Fan(s), Double Pane Window(s)

Parking

  • Parking description:Assigned Spaces, Garage, Private Garage, Room for Oversized Vehicle
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