Seller's Agent in 2025
Artie Dorr
Balboa Realty
(949) 500-9832
3 in this area
31 Total Sales
Just three houses from the boardwalk and beach, 112 34th Street presents a rare opportunity to own an oversized duplex in one of the most coveted locations on the Newport Peninsula. Offering two spacious residences, this property is ideal for investors, multigenerational living, or future redevelopment.
The lower unit features 3 bedrooms and 2 bathrooms, highlighted by an ocean-view patio perfect for entertaining or relaxing after a day at the beach. The upper unit offers 5 bedrooms and 2 bathrooms, with ocean views from the living room and abundant natural light throughout. Together, the property provides over 3,000 square feet of living space, including legal non-conforming areas upstairs, though title reflects approximately 2,800 square feet. Buyers are advised to independently verify all square footage, permitting, and development potential with the City of Newport Beach.
Situated on an oversized 35’ x 90’ lot, substantially wider than the standard lot in the area—the property allows for a rare three-car wide garage accessed from the alley, along with expanded possibilities for future development.
The location on 34th Street is premier: positioned near the quieter end of the boardwalk, yet just steps from the Peninsula’s only grocery store, shopping, dining, and the Newport Pier. The beach here is among the finest in Newport, offering year-round surf for both beginners and seasoned surfers alike.
Adding to its appeal, the property includes two Short Term Lodging Permits with the City of Newport Beach and has been successfully operated as a vacation rental for years. With a remodel, projected income could exceed $200,000 annually.
Whether you’re seeking a strong investment, a legacy property for family use, or a future redevelopment opportunity, 112 34th Street stands out as a rare and valuable offering in the heart of Newport Beach.
Last Agent to Sell the Property
Balboa Realty Brokerage Phone: 9495009832 License #01899740 Listed on: 08/21/2025
Last Buyer's Agent
Balboa Realty Brokerage Phone: 9495009832 License #01899740 Listed on: 08/21/2025
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/22/2025 10/22/25 | Sold | $4,100,000 | -6.8% | $1,464 / Sq Ft |
| 09/01/2025 09/01/25 | Pending | -- | -- | -- |
| 08/21/2025 08/21/25 | For Sale | $4,399,000 | -- | $1,571 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $20,385 | $1,921,762 | $1,817,607 | $104,155 |
| 2024 | $20,385 | $1,884,081 | $1,781,968 | $102,113 |
| 2023 | $19,905 | $1,847,139 | $1,747,028 | $100,111 |
| 2022 | $19,572 | $1,810,921 | $1,712,772 | $98,149 |
| 2021 | $19,198 | $1,775,413 | $1,679,188 | $96,225 |
| 2020 | $19,014 | $1,757,209 | $1,661,970 | $95,239 |
| 2019 | $18,625 | $1,722,754 | $1,629,382 | $93,372 |
| 2018 | $18,936 | $1,688,975 | $1,597,433 | $91,542 |
| 2017 | $18,756 | $1,655,858 | $1,566,110 | $89,748 |
| 2016 | $18,362 | $1,623,391 | $1,535,402 | $87,989 |
| 2015 | $18,198 | $1,599,007 | $1,512,339 | $86,668 |
| 2014 | $17,780 | $1,567,685 | $1,482,714 | $84,971 |
Seller's Agent in 2025
Artie Dorr
Balboa Realty
(949) 500-9832
3 in this area
31 Total Sales
Seller Co-Listing Agent in 2025
Alex Batley
Balboa Realty
(949) 293-4629
2 in this area
15 Total Sales
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP25189553
APN: 423-341-07