Property Details
About this Property
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
MLS Listing Information
MLS #
CRNP26014086
MLS Source
California Regional MLS
Days on Site
0
Interior Features
Appliances
Built-in BBQ Grill, Oven - Gas, Oven Range - Gas, Refrigerator
Flooring
Laminate
Laundry
Community Facility
Exterior Features
Roof
Composition
Foundation
Slab
Pool
None
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage, Private / Exclusive, Room for Oversized Vehicle, Garage: 4 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 2 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
205 42nd St is a Duplex in Newport Beach, CA 92663. This – square foot property sits on a 2,614 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,150,000 and was built in 1947. This address can also be written as 205 42nd St, Newport Beach, CA 92663.
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This listing information is up-to-date as of February 05, 2026. For the most current information, please contact Anna Andrews, (949) 274-0132
