205 42nd Street, Newport Beach, CA 92663

Newport Beach
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
205 42nd Street,Newport Beach, CA 92663
$3,150,000
  • 4 Beds
  • 2 Baths
  • 1,552 sq. ft.
  • Single family
  • Active
Listed by: anna andrews
Office: compass
MLS#:NP26027772
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 #:NP26027772
  • Added:44 day(s) ago
  • Updated:March 23, 2026 at 10:42 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full 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 Transit, Paved
  • Exterior Features:FirePit
  • 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
  • Amenities:Ceiling Fans, Fire Pit, Tankless Water Heater

Parking

  • Total parking spaces:4
  • Parking description:Assigned, Garage, Oversized, Private
  • Garage:Yes
  • Garage spaces:4
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