$2,525,000
33.6201 -117.937
FOR SALE

209 42nd Street Newport Beach, CA 92663

$2,525,000
Est. Monthly $11,038 recalculate
 

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209 42nd Street
Newport Beach, CA 92663

Explore This Property

Multi-Family (2-4 Units) - 209 42nd St in Newport Beach is an ideal property as an investment home for vacation rentals. Has potential for a substantial return as an investment property. It being a 5 bedroom is very desirable as the larger homes can be more difficult for travelers to find. This home also legally qualifies as a short term rental per the city of Newport beach which is a significant advantage as many homes do not. This amazing beach home has 5 bedrooms (2 bedrooms are downstairs) and 3.5 bathrooms. The 5th bedroom has a kitchenette and has it's own entrance which could be perfect for teenagers, guests, or possibly even a separate rental. Perfect for indoor/outdoor living with German Nana glass doors that slide open from the living room to the beautiful outdoor patio. This home also has a rooftop deck with ocean views! The great room is wired for sound and data. Upgraded kitchen with stainless steel appliances, Thermador professional 6 burner stove, Kraft made cabinets, Italian porcelain tile throughout, black granite and recessed lighting. Spacious 2-car garage. Rent it out year round, or rent it out when you're family isn't using it! Great location in Newport Beach just steps from the channel and a few short blocks to the ocean. Enjoy short walks to the beach, parks, fine dining, shopping & movie theater. Bicycle to Lido Marina village, the new Marina Park, or Balboa Fun Zone.
MLS # NP17170138
Courtesy Of Teles Properties

Property Features

  • Age: 11-20 Years Old
  • Amenities: Double Pane Windows, Wired
  • Appliances: Dishwasher, Freezer, Ice Maker, Microwave, Oven - Gas, Refrigerator
  • Architecture Style: Contemporary
  • Cooling System: None
  • Floor Covering: Laminate, Tile - Stone, Tile or Stone
  • Heating System: Central Furnace, Zoned
  • Parking Type: Garage
  • Roof Type: Composition Shingle
  • Rooms: Bedroom, Bonus Room, Family Room, Guest Room, Kitchen, Laundry Room, Living Room, Master Bathroom, Walk-In Closet
  • View Type: Ocean, Water

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 3.38% APR
    $11,038Your estimated monthly payment
    $505,00020% Down Payment
    $2,525,000 $2,272,500
    purchase price loan amount
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School
    NEWPORT ELEMENTARY SCHOOL
    Grades PRESCHOOL-6 | Public School

    NEWPORT BEACH, CA 92661
    1327 W BALBOA BLVD
    949-515-6965
    1.4
    miles

    Total Students 470
    Student Teacher Ratio 22:1

    School Rating

    4 stars View School Details
    Middle School
    HORACE ENSIGN INTERMEDIATE SCHOOL
    Grades 7-8 | Public School

    NEWPORT BEACH, CA 92663
    2000 CLIFF DR
    949-515-6910
    1.2
    miles

    Total Students 1180
    Student Teacher Ratio 26:1

    School Rating

    4 stars View School Details
    High School
    NEWPORT HARBOR HIGH SCHOOL
    Grades 9-12 | Public School

    NEWPORT BEACH, CA 92663
    600 IRVINE AVE
    949-515-6300
    1.4
    miles

    Total Students 2380
    Student Teacher Ratio 20:1

    School Rating

    4 stars View School Details
    Other Nearby Schools Distance Type Grades School Rating Parent Rating
    Pacifica Christian High School-orange County 0.6 mi Private 9-11
    Carden Hall, Inc School 0.8 mi Private PRESCHOOL-8
    Newport Heights Elementary School 1.3 mi Public K-6
    Whittier Elementary School 1.4 mi Public K-6
    Harper 1.9 mi Public PRESCHOOL-PRESCHOOL
    Mariners Elementary School 2.0 mi Public K-6
    Pomona Elementary School 2.1 mi Public K-6
    Newport-mesa Adult 2.1 mi Public UNGRADE-UNGRADE
    St. Joachim 2.2 mi Catholic PRESCHOOL-8
    Everett A. Rea Elementary School 2.2 mi Public PRESCHOOL-6
    Victoria Elementary School 2.2 mi Public K-5
    Christ Lutheran School 2.3 mi Private PRESCHOOL-8
    John H. Eader Elementary School 2.3 mi Public K-5
    Page Private School 2.3 mi Private PRESCHOOL-8
    Woodland Elementary School 2.4 mi Public K-2
    Wilson Elementary School 2.5 mi Public K-6
    Heinz Kaiser Elementary School 2.6 mi Public 3-6

    Local Area Information for Newport Beach, CA 92663

    Median Age: 39.5
    Married: 32.0%
    Number of Households: 10,234
    Households with Children: 1,544
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Copyright © 2017 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being 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.
      Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed.
      Sources: Maponics, LLC and Onboard Informatics ©2016. School Performance data by SchoolDigger.com. School Review data by Niche.com. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
      † Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.