Turnkey Duplex in Newport
205 42nd Street, Newport Beach, CA 92663
Duplex - Newport Beach, CA
Type:Duplex
Property size:
1,552 SFLot size:
2,614.00 AcresPrice / SF:
$2,029/SF- Added:
- Feb 5, 2026
- Days on Market:
- 93
- Last Refresh:
- May 9 at 6:06 pm
Property Features for 205 42nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Living Room
- Parking
- 4
- Parking features
- Assigned, Garage, Oversized
- Window features
- Double Pane Windows
- Interior features
- Furnished, Ceiling Fan(s), Parking, Window Features: Double Pane Windows
- Exterior features
- Fence, Community Features Included: Street Lights, Storm Drains, Sidewalks, Corner Lot, Paved, Near Public Transit, Park Nearby
- Fencing
- Fenced
- Appliances
- Barbeque or Grill, Oven - Gas, Range, Range - Gas, Refrigerator
- Standard status
- Active
- APN
- 42329608
- Size
- 1,552 SF
- Lot size
- 2,614.00 Acres
Building Details
- Year built
- 1947
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate
- Roof type
- Composition
- Architectural style
- Other
Listing agent Anna Andrews License #01485699 (949) 274-0132
Listing office Compass 1600 Newport Center Dr. Ste 250, Newport Beach, CA (949) 438-4340
Listing date Feb 5, 2026
MLS# NP26014086
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
- Includes two transferable Short Term Rental Permits, a rare and valuable asset.
- Turnkey operation with fully furnished units and established vacation rental history with consistent income.
- Prime location on the Balboa Peninsula, steps from the beach and a short walk to Channel Park.
- Oversized 4‑car garage ensures ample parking.
- Recently updated kitchens and baths, new appliances (2024), roof, windows, and other improvements.
- Two separate units with desirable features: ocean breezes in the upper unit and a private patio with a fire pit in the lower unit.
Overview
This duplex in Newport Beach presents an investment opportunity. The property includes two short term rental permits that are transferable to the new owner. The property consists of two separate units and an oversized 4-car garage. Located on the Balboa Peninsula, this duplex is steps from the beach and a short walk to Channel Park on the bay. Each unit offers 2 bedrooms and 1 bathroom with recently updated kitchens and baths. The upper unit, situated above the garage, enjoys ocean breezes, while the lower unit features a private patio with a fire pit. Both units are fully furnished and equipped with modern conveniences including Smart TVs, on-site washer and dryer, towels, linens and beach gear. The property has an established history as a professionally managed vacation rental with consistent income. All finishes, furnishings, and household items are in excellent condition. All appliances new as of 2024 including tankless water heater. Recent improvements including new paint, roof, windows, and additional upgrades. The property occupies a lot of 0.06000918273645546 acres and has a property size of 1552 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Newport Beach
- County
- Orange
- State
- California
- Longitude
- -117.9369639
- Latitude
- 33.6199376
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Newport Beach duplex with short term rental permits.
Where is this duplex located?
The property is located at 205 42nd Street Newport Beach, CA.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: Includes **two transferable Short Term Rental Permits**, a rare and valuable asset.; **Turnkey operation with fully furnished units** and established vacation rental history with consistent income.; Prime location on the Balboa Peninsula, steps from the beach and a short walk to Channel Park.
