In-Person: 10/04 12:30 PM - 3:30 PM
125 41st,Newport Beach, CA 92663
Newport Beach, CA 92663
Description
INCOME TODAY. OPPORTUNITY TOMORROW A rare investment opportunity just steps from the sand on the 100 block of Newport Beach's Balboa Peninsula. Located at 125 41st Street, this 1,620-square-foot duplex features two 2-bedroom, 1-bath units on a 2,550-square-foot lot and offers an exceptional combination of immediate income potential, coveted short-term rental use, and future development opportunity. Currently operated as a short-term rental property, the offering includes two highly desirable short-term rental permits, providing the potential for substantial annual gross rental income. The existing duplex configuration offers flexibility for investors seeking continued vacation-rental income, a beach property with multiple residences, or a longer-term hold in one of Newport Beach's most sought-after coastal locations. Beyond its current use, the property presents compelling redevelopment potential. The 30' x 85' lot offers the opportunity to re-imagine the site with two new-construction condominiums, allowing a future owner to significantly improve the property while capitalizing on its exceptional Peninsula location. Just a short walk from the beach, surf, boardwalk and the best of the Newport Beach lifestyle, 125 41st Street represents an increasingly difficult-to-replicate combination: two residences, two short-term rental permits, strong income potential, and future development upside-all just steps from the sand.
Details
| MLS # | NP26202705 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 18 |
| Listing Provided By | Serhant California, Inc | Tyler Brown |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,620 |
| Garage | 2 |
| Story(s) | 2 |
| Units | 2 |
| Acreage | 0.06 |
| Water Front | Yes |
| Property View | Yes |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Interior Features | Breakfast Area, Ceiling Fans, Laminate Counters, Quartz Counters, Bedroom On Main Level |
| Window Features | Double Pane Windows |
| Appliances | Built In Range, Barbecue, Dishwasher, Electric Oven, Disposal, Gas Oven, Refrigerator, Range Hood, Water Heater, Dryer, Washer |
| Fireplace Yes / No | Yes |
Exterior
| Roof | Composition |
|---|---|
| Security Features | Smoke Detectors |
| Foundation Details | Slab |
| Lot Features | Zero To One Unit Acre |
| Fencing | Block |
Parking
| Attached Garage Yes / No | Yes |
|---|---|
| Parking Features | Garage, Garage Faces Rear, On Street |
| Garage Yes / No | Yes |
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected |
|---|---|
| Electric | Volts220In Garage |
| Sewer | Public Sewer |
Location
| Community Features | Curbs, Gutters, Storm Drains, Street Lights, Suburban, Sidewalks, Water Sports |
|---|
Area Information
| State | CA |
|---|---|
| County | Orange |
| City | Newport Beach |
| Zip Code | 92663 |
| Area | N8 West Newport Lido |
| Community Name | West Newport Beach (WSNB) |
| Listing VS Median (in West Newport Beach (WSNB)) | |
Price: $3,450,000 low | high Med: $4,195,000 sqft: 1,620 low | high Med: 2,220 $ / sqft: $2,130 low | high Med: $1,893 On site: 18 low | high Med: 11.5 | |
Market Activity 92663
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Learn More About This Property
| Open House |
|---|
| In-Person 10/04 12:30 PM - 3:30 PM |
| State | CA |
|---|---|
| County | Orange |
| City | Newport Beach |
| Zip Code | 92663 |
| Area | N8 West Newport Lido |
| Community Name | West Newport Beach (WSNB) |
| Listing VS Median (in West Newport Beach (WSNB)) | |
Price: $3,450,000 low | high Med: $4,195,000 sqft: 1,620 low | high Med: 2,220 $ / sqft: $2,130 low | high Med: $1,893 On site: 18 low | high Med: 11.5 | |
 | $3,450,000125 41stNewport Beach, CA 92663 |