$3,150,000

205 42nd Street, Newport Beach, CA 92663

  • 4 beds |
  • 2 baths |
  • 1,552 sqft
  • Property Icon Town Home
  • Property Year Built Icon Built in 1947
  • Property Lot Size Icon2,614sqft lot
  • Property Parking Icon 4 car garage
  • Property Price Per Square Feet Icon $2,030/sqft
  • Property List Date Icon Listed 1 day ago

Property Description

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, proven performer. All finishes, furnishings, and household items are in excellent condition. All appliances new as of 2024 including tankless water heater. Recent improvements including new paint, roof, windows, and additional upgrades minimizing near-term capital expenditures. This is a low-maintenance

Listing Status:
Active
Date Added:
February 6, 2026
Data Last Updated:
February 7, 2026 at 8:09PM
Listing Office:
Compass : 858-345-4514
Listing Agent:
Anna Andrews : 949-274-0132
MLS ID:
CRNP26027772
  • Appliances: Gas RangeRefrigeratorTankless Water Heater
  • Laundry: In GarageCommon Area
  • Flooring: Laminate
  • A/C: Ceiling Fan(s)None
  • Fireplace: OtherFireplace
  • Disability Feature: Other
  • General: Other
  • Pool: None
  • Parking: AttachedAssignedOtherPrivate
  • Windows: Double Pane Windows
  • General: 2Slab
  • HOA Amenities: Park0.0
  • Originating MLS: CRMLS
  • School District: Newport-Mesa Unified
  • County: Orange
  • Zoning: 42329608
  • View: OtherOcean
  • Utilities: Cable ConnectedNatural Gas Connected
  • Source: CRMLS

Presented by Veterans United Realty

This listing courtesy of Anna Andrews , Compass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

N

Newport Heights Elementary School

300 E 15th St, Newport Beach, CA, 92663

Grades KG-6

1.13 miles away

H

Horace Ensign Intermediate School

2000 Cliff Dr, Newport Beach, CA, 92663

Grades 7-8

1.18 miles away

N

Newport Harbor High School

600 Irvine Ave, Newport Beach, CA, 92663

Grades 9-12

1.42 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listing

130 43rd, Newport Beach, CA 92663
Town Home For Sale

$2,850,000

  • 4 bed |
  • 3 bath |
  • 1,624 sqft |
130 43rd Newport Beach, CA 92663

#CRNP25278498 - Christie's International R.E. Southern California