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    Newport Beach Duplex Near Beach Title is generated by Realmo AI

    203 Cedar Street, Newport Beach, CA 92663

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    For Sale
    $2,799,000

    Duplex - Newport Beach, CA

    Type:Duplex
    Property size:
    1,804 SF
    Lot size:
    2,614.00 Acres
    Price / SF:
    $1,551/SF
    Added:
    Mar 24, 2026
    Days on Market:
    57
    Last Refresh:
    May 19 at 7:06 am

    Property Features for 203 Cedar Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Living Room
    Parking
    2
    Parking features
    Carport, Garage
    Window features
    Double Pane Windows
    Interior features
    Beamed Ceilings, Balcony, Window Features: Double Pane Windows
    Exterior features
    Community Features Included: Biking, Sidewalks, Corner Lot
    Appliances
    Dishwasher, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    04508312
    Size
    1,804 SF
    Lot size
    2,614.00 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water front features
    Beach Access, Across The Road From Lake/Ocean, Across The Road From Lake/Ocean

    Building Details

    Year built
    1975
    Floors in Building
    2
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Tori Rimlinger
    Tori Rimlinger

    Listing agent Tori Rimlinger License #01512376

    Listing office Compass 1600 Newport Center Dr. Ste 250, Newport Beach, CA

    Listing date Mar 24, 2026

    MLS# NP26064203 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Short‑term rental permitted duplex, ideal for investors or owner‑users.
    • Located just two blocks from the beach in Newport Beach.
    • Upper unit: remodeled 3‑bedroom, 2‑bath with new kitchen, updated bathrooms, and private roof deck with ocean views.
    • Lower unit: 1‑bedroom, 1‑bath with private patio and air conditioning.
    • Both units feature stainless steel appliances, fireplaces, en suite primary bedrooms, and double‑pane windows.
    • Includes a 2‑car garage and two carport spaces.

    Overview

    This Newport Beach duplex is located two blocks from the beach and offers two distinct residences. The upper unit features 3 bedrooms and 2 bathrooms, while the lower unit has 1 bedroom and 1 bathroom. The upper residence has been remodeled with a new kitchen that includes custom cabinetry and stainless steel appliances, as well as updated bathrooms. New flooring and modern lighting enhance the home’s contemporary coastal aesthetic, while vaulted wood-beamed ceilings and natural light create an open atmosphere. Glass sliders lead to a private roof deck with ocean views. The lower unit offers a private patio with French doors and air conditioning. Both units are equipped with stainless steel appliances, fireplaces, en suite primary bedrooms, double-pane windows, fresh paint, and a mix of laminate and tile flooring. Additional features include recessed lighting, a washer and dryer, a 2-car garage, and two carport spaces. The property is suited for investment, rental income, or a 1031 exchange. The property is located near award-winning schools, dining, coffee shops, and entertainment. The lot size is approximately 0.06 acres and the property size is 1804 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport Beach
    County
    Orange
    State
    California
    Longitude
    -117.9500476
    Latitude
    33.6271604

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    FAQs

    What type of property is this?
    Duplex - Short-term rental permitted duplex, steps from the sand.
    Where is this duplex located?
    The property is located at 203 Cedar Street Newport Beach, CA.
    What is the asking price?
    The asking price for this property is $2,799,000.
    What are key features of this property?
    This property features: Short‑term rental permitted duplex, ideal for investors or owner‑users.; Located just two blocks from the beach in Newport Beach.; Upper unit: remodeled **3‑bedroom, 2‑bath with new kitchen, updated bathrooms, and private roof deck with ocean views.**
    (949) 378-6200
    We can help!
    Listing Contact
    Tori Rimlinger
    Tori Rimlinger
    Real Estate License ID: 01512376
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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