Home | Orange County | Newport Beach | 92663 | 205 42nd St
MLS: CRNP26014086 | Status: Active | Price: $3,150,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 2,614 | 1947 |
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
| Field | Value |
|---|---|
| MLS # | CRNP26014086 |
| MLS Source | California Regional MLS |
| Days on Site | 77 |
| Feature | Details |
|---|---|
| Appliances | Built-in BBQ Grill, Oven - Gas, Oven Range - Gas, Refrigerator |
| Flooring | Laminate |
| Laundry | Community Facility |
| Feature | Details |
|---|---|
| Roof | Composition |
| Foundation | Slab |
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Assigned Spaces, Garage, Private / Exclusive, Room for Oversized Vehicle, Garage: 4 Car(s) |
Anna Andrews
Compass
License #: 01485699
Phone: (949) 274-0132
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 2 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 213 33rd St | $2,695,000 | – | – | – | Contingent |
| 920 W Balboa | $2,750,000 | – | – | – | Active |
| 203 Cedar St | $2,799,000 | – | – | – | Active |
| 219 32nd St | $3,500,000 | – | – | – | Active |
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This listing information is up-to-date as of April 16, 2026. For the most current information, please contact Anna Andrews, (949) 274-0132.