125 41st St Newport Beach, CA 92663
West Newport Beach NeighborhoodEstimated payment $19,883/month
Highlights
- Ocean View
- Ocean Side of Highway 1
- Traditional Architecture
- Newport Elementary School Rated A
- Multi-Level Bedroom
- 2-minute walk to Channel Place Park
About This Home
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.
Listing Agent
Compass Brokerage Phone: 949-630-8108 License #02002512 Listed on: 09/16/2026
Co-Listing Agent
Serhant California, Inc Brokerage Phone: 949-630-8108 License #02043514
Open House Schedule
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Sunday, September 20, 20262:00 to 5:00 pm9/20/2026 2:00:00 PM +00:009/20/2026 5:00:00 PM +00:00Add to Calendar
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1958
Lot Details
- 2,550 Sq Ft Lot
- Property fronts an alley
- No Common Walls
- Block Wall Fence
- Stucco Fence
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
- Parking Available
- Rear-Facing Garage
Property Views
- Ocean
- Peek-A-Boo
- Mountain
- Neighborhood
Home Design
- Duplex
- Traditional Architecture
- Cottage
- Bungalow
- Slab Foundation
- Composition Roof
Interior Spaces
- 1,620 Sq Ft Home
- 2-Story Property
- Beamed Ceilings
- Ceiling Fan
- Fireplace Features Masonry
- Gas Fireplace
- Living Room with Fireplace
- Laundry in Garage
Kitchen
- Gas Oven
- Built-In Range
- Microwave
- Water Line To Refrigerator
- Quartz Countertops
- Formica Countertops
- Disposal
Flooring
- Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- Main Floor Bedroom
- Multi-Level Bedroom
- 4 Full Bathrooms
Outdoor Features
- Ocean Side of Highway 1
- Exterior Lighting
Location
- Suburban Location
Utilities
- Wall Furnace
- Vented Exhaust Fan
- 220 Volts in Garage
- Water Heater
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 16 / 41
- Tax Tract Number 670
- Assessor Parcel Number 42331118
- $570 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Units
- West Newport Beach Subdivision
Amenities
- Laundry Facilities
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,440
- Fuel Expense $540
- Water Sewer Expense $1,440
- Operating Expense $13,420
- Gross Income $200,000
- Net Operating Income $185,500
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $9,064 | $826,888 | $741,427 | $85,461 |
| 2025 | $8,914 | $810,675 | $726,889 | $83,786 |
| 2024 | $8,914 | $794,780 | $712,636 | $82,144 |
| 2023 | $8,701 | $779,197 | $698,663 | $80,534 |
| 2022 | $8,552 | $763,919 | $684,964 | $78,955 |
| 2021 | $8,390 | $748,941 | $671,534 | $77,407 |
| 2020 | $8,309 | $741,262 | $664,648 | $76,614 |
| 2019 | $8,145 | $726,728 | $651,616 | $75,112 |
| 2018 | $7,986 | $712,479 | $638,839 | $73,640 |
| 2017 | $7,846 | $698,509 | $626,312 | $72,197 |
| 2016 | $7,674 | $684,813 | $614,031 | $70,782 |
| 2015 | $7,599 | $674,527 | $604,808 | $69,719 |
| 2014 | $7,421 | $661,314 | $592,960 | $68,354 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/16/2026 09/16/26 | For Sale | $3,450,000 | -- | $2,130 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | North American Title Company | |
| Interfamily Deed Transfer | -- | North American Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $538,000 | Stewart Title |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $341,000 | Commercial | |
| Closed | $428,500 | Commercial | |
| Previous Owner | $430,400 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26202745
APN: 423-311-18
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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