205 42nd Street, Newport Beach, CA 92663
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205 42nd Street, Newport Beach, CA 92663
205 42nd Street, Newport Beach, CA 92663
205 42nd Street, Newport Beach, CA 92663
205 42nd Street, Newport Beach, CA 92663
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Candi DeMoura

Candi DeMoura

+1(858) 900-1333
$ 3,150,000
Est. payment /mo
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Active

205 42nd Street Newport Beach, CA 92663

4 Beds

2 Baths

1,552 SqFt

UPDATED:

Key Details

Property Type Townhouse

Sub Type Townhome

Listing Status Active

Purchase Type For Sale

Square Footage 1,552 sqft

Price per Sqft $2,029

Subdivision Balboa Peninsula (Residential) (

MLS Listing ID NP26027772

Bedrooms 4

Full Baths 2

Year Built 1947

Lot Size 2,614 Sqft

Property Sub-Type Townhome

Property 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 Beachs strongest rental corridors.

Location

State CA

County Orange

Direction W. Balboa Blvd to 42nd Street

Interior

Interior Features Furnished

Flooring Laminate

Fireplaces Type Fire Pit, Propane

Fireplace No

Appliance Refrigerator, Gas Oven, Barbecue, Gas Range

Exterior

Parking Features Assigned, Garage

Garage Spaces 4.0

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

Water Access Desc Public

View Ocean, Peek-A-Boo

Roof Type Composition

Accessibility Parking

Total Parking Spaces 4

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 42329608

Acceptable Financing Conventional, Exchange

Listing Terms Conventional, Exchange

Special Listing Condition Standard

MLS Router / San Diego MLS
Listed by Anna Andrews, DRE#01485699 Compass 

NEARBY SCHOOLS & PROPERTIES

Candi DeMoura

Candi DeMoura

Realtor | License ID: 01930846

+1(858) 900-1333

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