125 41st, Newport Beach, CA 92663
- $3,450,000
- List Price
- $3,450,000
- Status
- ACTIVE
- MLS#
- OC26202745
- Year Built
- 1958
- Lot Size
- 2,550
- Acres
- 0.06
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 4
- Property Type
- Multifamily
- Style
- Bungalow, Cottage, Traditional
- Property Sub Type
- Duplex
- Stories
- Two Levels, Multi Level
- Neighborhood
- West Newport Beach (Wsnb)
Property 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.
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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.
Mortgage Calculator
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