$3,795,000
$204K PRICE DROP

Estimated payment $24,754/month

Total Views 5,693
6 Beds
4 Baths
2,440 Sq Ft
$1,555 Price per Sq Ft

Highlights

  • Beach Access
  • Cathedral Ceiling
  • Great Room
  • Newport Elementary School Rated A
  • Main Floor Bedroom
  • 2-minute walk to Channel Place Park

About This Home

Live the beach lifestyle in this beautifully remodeled duplex, ideally located on the Peninsula of Newport Beach, offers 2440 sq ft of bright, open-concept living just steps from the sand. A rare opportunity to own a move-in-ready coastal income property with unbeatable convenience and lifestyle appeal. The upper unit showcases 1064 sq ft of intelligent modern design with seamless indoor-outdoor flow-perfect for soaking in ocean breezes and vibrant sunsets from the front deck. The lower level offer 1376 sq ft of living area that opens to the outside patio for relaxing enjoyment. Each level offers 3 bedrooms, 2 bathrooms, and private spaces tailored for residents or guest alike. This home has been meticulously upgraded with premium finishes, sleek fixtures and energy efficient systems that blend style with comfort. The attached 3-car garage provide convenience that's rare for the area. Whether you're looking for a primary residence, a vacation getaway, or an investment opportunity with a 3% cap rate rental potential, this duplex delivers. The property is ideal for 1031 exchange buyers and those eager to capitalize on Newport Beach's thriving rental market. Live the dream in one of SoCal's hottest beaches and earn while you do it!! Live in one unit and rent out the other. Available for Lease.

Listing Agent

Marina'mina' Mullinax

Arrivl Real Estate, Inc. Brokerage Phone: 949 294-1861 License #01905568 Listed on: 04/17/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 2,614 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Garage Door Opener

Home Design

  • Duplex
  • Turnkey

Interior Spaces

  • 2,440 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Beamed Ceilings
  • Cathedral Ceiling
  • Recessed Lighting
  • Family Room with Fireplace
  • Great Room
  • Laundry Room

Kitchen

  • Gas Oven
  • <<selfCleaningOvenToken>>
  • Gas Range
  • <<microwave>>
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Beach Access
  • Balcony
  • Exterior Lighting

Additional Features

  • More Than Two Accessible Exits
  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 10 / 46
  • Tax Tract Number 670
  • Assessor Parcel Number 42441217
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • West Newport Beach Subdivision

Recreation

  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 4.00
  • Price Per Unit: 1897500
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 42441217
  • Year Built: 1988
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Beamed Ceilings, Built-in Features, Cathedral Ceiling(s), Recessed Lighting
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 1555.33
  • Room Type: Great Room, Kitchen, Laundry, Main Floor Bedroom

Exterior Features

  • Exterior Features: Lighting
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Garage Door Opener
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Self Cleaning Oven
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600

Multi Family

  • Gross Scheduled Income: 17000.00
  • Lot Size Area: 2614.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Actual Rent: 15000.00
  • Waterfront Features: Beach Access

Tax Info

  • Tax Block: 46
  • Tax Lot: 10
  • Tax Tract Number: 670

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2025 06/23/25 Price Changed $3,595,000 -2.7% $1,473 / Sq Ft
06/13/2025 06/13/25 Price Changed $3,695,000 -4.0% $1,514 / Sq Ft
05/29/2025 05/29/25 For Sale $3,850,000 +1.4% $1,578 / Sq Ft
05/17/2025 05/17/25 Price Changed $3,795,000 -5.1% $1,555 / Sq Ft
05/13/2025 05/13/25 Price Changed $3,998,000 0.0% $1,639 / Sq Ft
05/05/2025 05/05/25 Price Changed $8,500 +6.3% $3 / Sq Ft
05/02/2025 05/02/25 Price Changed $8,000 +6.7% $3 / Sq Ft
05/02/2025 05/02/25 For Rent $7,500 0.0% --
04/29/2025 04/29/25 Price Changed $4,300,000 +7.5% $1,762 / Sq Ft
04/17/2025 04/17/25 For Sale $3,999,000 +45.4% $1,639 / Sq Ft
10/13/2023 10/13/23 Sold $2,750,000 -5.2% $1,190 / Sq Ft
10/03/2023 10/03/23 Pending -- -- --
09/08/2023 09/08/23 Price Changed $2,900,000 -3.3% $1,255 / Sq Ft
07/20/2023 07/20/23 For Sale $3,000,000 -- $1,299 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25083533

California Regional Multiple Listing Service (CRMLS)

APN: 424-412-17