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(949) 431-6892
Real Estate Company
125 41st, Newport Beach, CA 92663
- $3,385,000
- List Price
- $3,385,000
- Price Change
- ▼ $65,000 1792026420
- Status
- ACTIVE
- MLS#
- OC26202745
- Year Built
- 1958
- Lot Size
- 2,550
- Acres
- 0.06
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 58
- Property Type
- Multifamily
- Style
- Bungalow, Cottage, Traditional
- Property Sub Type
- Duplex
- Stories
- Two Levels, Multi Level
- Neighborhood
- West Newport Beach (Wsnb)
Property Description
Balboa Peninsula duplex with two short-term rental permits. Income today, redevelopment potential tomorrow. Located in the heart of Newport Beach’s Balboa Peninsula, just a short walk to the beach, surf, and boardwalk, 125 41st Street presents a rare opportunity to acquire an established coastal investment property with immediate rental income and long-term upside. The property features two 2-bedroom, 1-bath residences totaling approximately 1,620 square feet on a 2,550-square-foot (30’ x 85’) lot. Both units operate as vacation rentals under separate short-term rental (STR) permits, offering an established rental history and professional property management already in place. For investors seeking additional upside, the property offers value-add potential through strategic improvements, with opportunities to enhance rental performance while maintaining its existing income-producing use. Beyond the current rental operations, the property presents potential for redevelopment into two new-construction condominiums, providing the flexibility to generate rental income today while exploring future development opportunities on the Peninsula. Whether your strategy is to hold an income-producing Newport Beach duplex, capitalize on the area’s vacation rental market, or pursue future redevelopment, 125 41st Street offers multiple paths to ownership and long-term value creation in one of Southern California’s most desirable coastal communities. Two residences. Two STR permits. Multiple investment strategies. One exceptional Newport Beach location.
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Additional Information
- Appliances
- Built-In Range, Electric Oven, Gas Cooktop, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Vented Exhaust Fan, Water To Refrigerator, Water Heater
- Pool Description
- None
- Fireplace Description
- Gas, Living Room, Masonry
- Heat
- Fireplace(s), Wall Furnace
- Cooling Description
- None
- View
- Mountain(s), Neighborhood, Ocean, Peek-A-Boo
- Roof
- Composition
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Beamed Ceilings, Ceiling Fan(s), Laminate Counters, Quartz Counters, Bedroom on Main Level
- Attached Structure
- Detached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $200,000
- Operating Expense
- 13420
Listing courtesy of Listing Agent: Troy Seeber (troy.seeber@compass.com) from Listing Office: Compass.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.