$4,000,000
SOLD AUG 14, 2025
5 Beds
4 Baths
2,583 Sq Ft
3,049 Sq Ft Lot

Recently Sold

$1,549 Per Sq Ft

16% Below List Price

71 Days on Market

Highlights

  • White Water Ocean Views
  • Property has ocean access
  • Across the Road from Lake or Ocean
  • Newport Elementary School Rated A
  • Fishing
  • 2-minute walk to Channel Place Park

About This Home

As of August 2025

Discover this exceptional opportunity on Newport Beach’s Balboa Peninsula with this oversized Oceanaire duplex, offering both flexibility and strong rental income potential. Situated on the ocean side of Balboa Boulevard and just 200 feet from the sand, this property embodies the essence of coastal living with effortless beach access.
Set on a generous 3,000+ sq. ft. lot—larger than most in the area, this duplex provides added space and versatility, a true rarity on the Peninsula. Each unit has been thoughtfully upgraded with luxury vinyl flooring and stainless-steel appliances, blending modern convenience with beachside charm.
The lower unit is a welcoming 2-bedroom, 2-bath retreat, featuring a spacious ground-floor patio—perfect for entertaining or enjoying a classic beachside BBQ. Upstairs, the 3-bedroom, 2-bath unit offers an airy and open layout, complemented by expansive front and rooftop decks. The second-story front deck along 44th Street presents stunning ocean views, creating an ideal setting for outdoor dining and sunset relaxation. The rooftop deck, accessible from the primary bedroom, provides a private escape with refreshing sea breezes and panoramic views.
Adding to its appeal, the property includes a two-car garage plus two additional open carport spaces near Seashore Drive—an invaluable asset on the Peninsula, ensuring ample parking and storage for beach gear.
Whether you’re searching for a primary residence, a vacation getaway, or a high-demand rental property, this oversized and upgraded coastal duplex offers both charm and investment potential in one of Southern California’s most coveted beachfront communities. With the pristine beaches of Newport just steps away, the ultimate coastal lifestyle awaits.

Last Agent to Sell the Property

Artie Dorr

Balboa Realty Brokerage Phone: 9495009832 License #01899740 Listed on: 04/02/2025

Last Buyer's Agent

Glenda Farrell

Real Broker License #01083876

Real Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 3,049 Sq Ft Lot
  • No Common Walls
  • End Unit
  • Southwest Facing Home
  • Vinyl Fence
  • Corner Lot

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Rear-Facing Garage
  • Driveway

Property Views

  • White Water Ocean
  • Marina
  • Coastline
  • Bay
  • Harbor
  • Catalina
  • Panoramic
  • City Lights
  • Mountain
  • Neighborhood

Home Design

  • Duplex
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,583 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Living Room with Fireplace
  • Vinyl Flooring
  • Fire and Smoke Detector

Kitchen

  • Gas Range
  • Microwave
  • Granite Countertops
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Ocean Side of Highway 1
  • Exterior Lighting

Location

  • Across the Road from Lake or Ocean
  • Urban Location

Utilities

  • Forced Air Heating System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 52
  • Tax Tract Number 3813
  • Assessor Parcel Number 42302111

Community Details

Overview

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

Recreation

  • Fishing
  • Bike Trail

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $5,000
  • Maintenance Expense $2,500
  • Professional Management Expense $4,200
  • Trash Expense $1,200
  • Water Sewer Expense $1,400
  • Operating Expense $14,300
  • Gross Income $119,940
  • Net Operating Income $105,640

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Other Phone Description: 949-500-9832
  • Other Phone Number: 949-293-4629
  • Price Per Unit: 2200000
  • Professional Management Expense: 4200.00
  • Property Attached: No
  • Road Frontage Type: Access Road
  • Road Surface Type: Alley Paved
  • Security: Smoke Detector(s)
  • Subdivision Name Other: West Newport Beach (WSNB)
  • View: Yes
  • Water Sewer Expenses: 1400.00
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 42302111
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Granite Counters, Quartz Counters
  • Stories: 2
  • Entry Location: 1
  • Common Walls: End Unit, No Common Walls
  • Flooring: Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Price Per Square Foot: 1548.59
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: Southwest
  • Foundation: Slab
  • View: Bay, Catalina, City Lights, Coastline, Harbor, Marina, Mountain(s), Neighborhood, Ocean, Panoramic, Water, White Water
  • Fence: Yes
  • Fencing: Vinyl
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Driveway, Garage Faces Rear, Private
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Natural Gas Connected, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Microwave, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Individual Room, Outside
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Fishing, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 3049.00
  • Lot Size Acres: 0.0700

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 119940.00
  • Gross Scheduled Income: 119940.00
  • Insurance Expense: 5000.00
  • Lot Size Area: 3049.0000 Square Feet
  • Maintenance Expense: 2500.00
  • Net Operating Income: 105640.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 14300.00
  • Rent Control: No
  • Total Actual Rent: 119940.00
  • Total Expenses: 14300.00
  • Waterfront Features: Across the Road from Lake/Ocean, Beach Access, Fishing in Community, Ocean Access, Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 635.00
  • Tax Lot: 52
  • Tax Tract Number: 3813

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
08/14/2025 08/14/25 Sold $4,000,000 -9.1% $1,549 / Sq Ft
06/12/2025 06/12/25 Pending -- -- --
05/16/2025 05/16/25 Price Changed $4,400,000 -7.4% $1,703 / Sq Ft
04/02/2025 04/02/25 For Sale $4,750,000 -- $1,839 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25072134

California Regional Multiple Listing Service (CRMLS)

APN: 423-021-11