Price Reduced Listing
In-Person: 10/24 1:00 PM - 4:00 PM
125 41st,Newport Beach, CA 92663
Newport Beach, CA 92663
Description
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 # | OC26202745 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 38 |
| Listing Provided By | Compass | Troy Seeber |
Features
| SQ Feet | 1,620 |
|---|---|
| Garage | 2 |
| Story(s) | 2 |
| Units | 2 |
| Building(s) | 1 |
| Acreage | 0.06 |
| Water Front | Yes |
| Property View | Yes |
Interior
| Cooling | None |
|---|---|
| Heating | Fireplaces, Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Interior Features | Beamed Ceilings, Ceiling Fans, Laminate Counters, Quartz Counters, Bedroom On Main Level |
| Appliances | Built In Range, Electric Oven, Gas Cooktop, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Vented Exhaust Fan, Water To Refrigerator, Water Heater |
| Fireplace Yes / No | Yes |
Exterior
| Roof | Composition |
|---|---|
| Foundation Details | Slab |
| Lot Features | Two To Five Units Acre |
| Fencing | Block, Stucco Wall |
Parking
| Parking Features | Garage, Garage Faces Rear |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Cable Connected, Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Electric | Volts220In Garage |
| Sewer | Public Sewer |
Location
| Community Features | Curbs, Storm Drains, Street Lights, Suburban, Sidewalks |
|---|
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: $3,385,000 low | high Med: $4,245,000 sqft: 1,620 low | high Med: 2,018 $ / sqft: $2,090 low | high Med: $2,156 On site: 38 low | high Med: 39 | |
Market Activity 92663
Request a showing
Request a showing
Contact
Learn More About This Property
| Open House |
|---|
| In-Person 10/24 1:00 PM - 4:00 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: $3,385,000 low | high Med: $4,245,000 sqft: 1,620 low | high Med: 2,018 $ / sqft: $2,090 low | high Med: $2,156 On site: 38 low | high Med: 39 | |
 | $3,385,000125 41stNewport Beach, CA 92663 |
