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205 42nd Street, Newport Beach, CA 92663

Newport Beach
Local realty services provided by:CENTURY 21 Valley Properties
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:105 day(s) ago
  • Updated:May 21, 2026 at 10:40 AM

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 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
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Valley Properties is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Valley Properties, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Anthony Guetzoian

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