Property

Newport Beach, CA 92663 205 42nd Street

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Presented By: Anna Andrews with Compass; 949-274-0132
  • MLS# NP26027772
  • 02/05/2026
  • Request Tour
  • Request Info
  • Beds • 4
  • Baths • 2
  • SQFT • 1,552
  • Garage • 4

Home Details

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 coastal asset located in one of Newport Beach’s strongest rental corridors.
Presented By: Anna Andrews with Compass; 949-274-0132

Interior Features for 205 42nd Street

Bedrooms

Main Level Bedrooms2
Total Bedrooms4

Bathrooms

Main Level Bathrooms1
Total Baths2

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Common WallsNoCommonWalls
Fireplace FeaturesOutside, Propane
Fireplace Y/NYes
FlooringLaminate
Interior AmenitiesCeilingFans, Furnished
Laundry FeaturesCommonArea, InGarage
Total Stories2
Window FeaturesDoublePaneWindows

Other Rooms

Entry Level1

General for 205 42nd Street

AccessibilityParking
Additional Parcels Y/NNo
AppliancesBarbecue, GasOven, GasRange, Refrigerator, TanklessWaterHeater
Attached Garage Yes
CityNewport Beach
Community FeaturesStormDrains, StreetLights, Sidewalks, Park
CoolingNone
CountyOrange
DirectionsW. Balboa Blvd to 42nd Street
DisclosuresCoastalCommissionRestrictions, CoastalZone
Entry Location1
Full Baths2
Garage Spaces4
Garage Y/NYes
HOANo
HOA Fee$
High School DistrictNewport Mesa Unified
Land Lease Y/NNo
Lease Considered Y/NNo
LevelsTwo
Listing TermsConventional, Exchange1031
Living Area1552
Living Area UnitsSquareFeet
Lot Size Square Feet2614
Lot Size UnitsSquareFeet
MLS AreaNP - Balboa Peninsula
New ConstructionNo
Number Of Units Total2
Occupancy TypeTenant
Pool FeaturesNone
PostalCityNEWPORT BEACH
Property Attached Y/NNo
Property ConditionTurnkey
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidential
RoofComposition
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Structure TypeDuplex
Subdivision NameBalboa Peninsula (Residential) (BALP)
Tax Lot12
UtilitiesCableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewOcean, PeekABoo
Year Built1947
Year Built SourceAssessor

Exterior for 205 42nd Street

Exterior AmenitiesFirePit
FencingBlock
Foundation DetailsSlab
Lot FeaturesCornerLot, NearPark, NearPublicTransit, Paved
Lot Size Acres0.06
Lot Size Area2614
Lot Size SourceAssessor
Parking FeaturesAssigned, Garage, Oversized, Private
Private PoolNo
Total Parking4
Water SourcePublic

Additional Details

Price History

Schools

Middle School N/A
Elementary School Big Hollow Elementary School

Limor Zamir

Realtor®
Price $3,150,000
MLS#NP26027772
List Date 02/05/2026
Property Type Multi-Family
Phone 310.866.3778
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