$3,600,000
SOLD SEP 12, 2025
6 Beds
5 Baths
2,467 Sq Ft
2,300 Sq Ft Lot

Recently Sold

$1,459 Per Sq Ft

9% Below List Price

110 Days on Market

Highlights

  • City Lights View
  • Open Floorplan
  • No HOA
  • Newport Elementary School Rated A
  • Wood Flooring
  • 2-minute walk to 38th Street Park

About This Home

As of September 2025

Vacation rental ready with the City of Newport Beach short-term rental permit, this modern farmhouse property features a 3 bedroom plus den (or 4th bedroom) 3-bathroom front unit and a 3 bedroom, 2 bath back unit. The property has been highly upgraded with white exterior siding, black windows, modern aluminum roofing, front patio and two rooftop decks, making this the perfect investment property. Both units feature light and bright open floor plans and are highlighted with designer finishes throughout including hardwood floors, reclaimed wood wall, barn doors, shiplap and high-end appliances. All bedrooms have spacious closets and there is ample storage throughout the property. Additional features include 2 car garage plus 2 additional parking spaces. Located in a quiet location in the 100 block allows for parking on both sides of the street. Easy access to both the bay and the beach. Close proximity to Lido Marina Village, Lido House Hotel, and all the restaurants and shops of Newport Beach. The property has stellar established gross rental history, with gross income at approximately $200,000. Financials are available upon request. Furniture included in purchase.

Last Agent to Sell the Property

Jon Dishon

Arbor Real Estate Brokerage Phone: 949-632-9967 License #01192701 Listed on: 04/24/2025

Arbor Real Estate

Co-Listed By

Nicole Dishon

Arbor Real Estate Brokerage Phone: 949-632-9967 License #01275311

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 2,300 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Property Views

  • City Lights
  • Canal

Home Design

  • Duplex
  • Entry on the 2nd floor

Interior Spaces

  • 2,467 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Crown Molding
  • Recessed Lighting
  • Family Room
  • Living Room
  • Wood Flooring

Kitchen

  • Electric Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer Hookup

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Legal Lot and Block 7 / 235
  • Tax Tract Number 418
  • Assessor Parcel Number 42337502
  • $527 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Balboa Peninsula Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • Insurance Expense $2,500
  • Other Expense $6,000
  • Gross Income $200,000
  • Net Operating Income $145,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1965 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Inclusions: All furnishings.
  • Price Per Unit: 1847500
  • Property Attached: No
  • Road Frontage Type: City Street
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 42337502
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Crown Molding, Open Floorplan, Recessed Lighting
  • Stories: 2
  • Entry Location: ground level with steps
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 1459.26
  • Room Type: Family Room, Living Room, Primary Bathroom, Primary Bedroom

Exterior Features

  • View: Canal, City Lights, Water
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Disposal, Microwave, Range Hood, Refrigerator
  • Heating Type: Electric
  • Laundry Features: Common Area, In Garage, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2300.00
  • Lot Size Acres: 0.0528

Multi Family

  • Gross Income: 200000.00
  • Gross Scheduled Income: 220000.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 2300.0000 Square Feet
  • Net Operating Income: 145000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 75000.00
  • Other Expense: 6000.00
  • Other Expense Description: Utility
  • Rent Control: No

Tax Info

  • Tax Block: 235
  • Tax Census Tract: 635.00
  • Tax Lot: 7
  • Tax Tract Number: 418
  • TaxOtherAnnualAssessmentAmount: 527.00

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
09/12/2025 09/12/25 Sold $3,600,000 -2.6% $1,459 / Sq Ft
08/12/2025 08/12/25 Pending -- -- --
07/08/2025 07/08/25 Price Changed $3,695,000 -6.5% $1,498 / Sq Ft
04/24/2025 04/24/25 For Sale $3,950,000 +54.9% $1,601 / Sq Ft
10/14/2020 10/14/20 Sold $2,550,000 -1.7% $1,034 / Sq Ft
09/24/2020 09/24/20 Pending -- -- --
05/19/2020 05/19/20 For Sale $2,595,000 +12.9% $1,052 / Sq Ft
12/21/2018 12/21/18 Sold $2,299,000 0.0% $932 / Sq Ft
11/19/2018 11/19/18 Pending -- -- --
10/06/2018 10/06/18 Price Changed $2,299,000 -4.2% $932 / Sq Ft
09/04/2018 09/04/18 For Sale $2,399,000 +9.3% $972 / Sq Ft
01/04/2018 01/04/18 Sold $2,195,000 0.0% $890 / Sq Ft
11/16/2017 11/16/17 For Sale $2,195,000 -- $890 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25090232

California Regional Multiple Listing Service (CRMLS)

APN: 423-375-02