205 42nd Street, Newport Beach, CA 92663

Newport Beach
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
205 42nd Street,Newport Beach, CA 92663
$3,150,000
  • - Beds
  • 2 Baths
  • 1,552 sq. ft.
  • Multi-family
  • Active
Listed by: anna andrews
Office: compass949-438-4340
MLS#:NP26014086
Source:CRMLS

Price summary

  • Price:$3,150,000
  • Price per sq. ft.:$2,029.64

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:92 day(s) ago
  • Updated:May 09, 2026 at 01:23 PM

Rooms and interior

  • Total bathrooms:2
  • Flooring:Laminate
  • Kitchen Description:Barbecue, Gas Oven, Gas Range, Refrigerator
  • Living area:1,552 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1947
  • Building area:1,552 sq. ft.
  • Lot area:0.06 Acres
  • Lot Features:Corner Lot, Near Park, Near Public Transportatn, Paved
  • Exterior Features:Fire Pit
  • Foundation Description:Slab
  • Levels:2 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$3,150,000
  • Price per sq. ft.:$2,029.64

Features and amenities

  • Appliances:Barbecue, Gas Oven, Gas Range, Refrigerator, Tankless Water Heater
  • Laundry features:Common Area, In Garage
  • Amenities:Ceiling Fans, Double Pane Windows, Fire Pit, Furnished

Parking

  • Total parking spaces:4
  • Parking description:Assigned, Garage, Oversized, Private
  • Garage:Yes
  • Garage spaces:4
Based on information from California Regional Multiple Listing Service, Inc. as of May 9, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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