Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    205 42Nd St Newport Beach, CA 92663

    Sponsored
    For Sale
    $3,150,000

    Duplex - Newport Beach, CA

    Type:Duplex
    Property size:
    1,552 SF
    Lot size:
    2,614.00 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 5 at 7:06 pm

    Property Features for 205 42Nd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Window features
    Double Pane Windows
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Living Room
    Bedrooms
    4
    Bathrooms
    2
    APN
    42329608
    Parking
    4
    Parking features
    Assigned, Garage, Oversized
    Interior features
    Ceiling Fan(s), Furnished, Parking, Window Features: Double Pane Windows
    Exterior features
    Fence, Community Features Included: Sidewalks, Storm Drains, Street Lights, Corner Lot, Near Public Transit, Park Nearby, Paved
    Fencing
    Fenced
    Appliances
    Barbeque or Grill, Oven - Gas, Range, Range - Gas, Refrigerator
    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

    We can help!

    Listing Contact
    Anna Andrews

    Compass (949) 438-4340

    Listing agent Anna Andrews (949) 438-4340 License #01485699

    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.

    Learn more

    Property Insight Report

    Overview

    Turnkey Duplex in Newport Beach

    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

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport Beach
    County
    Orange
    State
    California
    Longitude
    -117.9369639
    Latitude
    33.6199376

    Nearby Similar for Sale

    • $4,699,000
      3,029 SF

      Newport Beach Single Family Residence

      Income-producing property near the beach with potential for future residence.
      200 E Balboa Blvd, Newport Beach, CA 92661
      View Details
    • $3,295,000
      3,250 SF

      Balboa Peninsula Triplex Near Beach

      Triplex near beach and bay in coveted Newport Beach location.
      1532 Miramar Dr, Newport Beach, CA 92661
      View Details
    • $2,995,000
      2,000 SF

      Newport Beach Mixed-Use Investment

      Two-unit commercial property with income and redevelopment potential.
      3000 Newport Blvd, Newport Beach, CA 92663
      View Details
    • $749,000

      Turnkey Newport Beach Income Property

      Established short-term rental business with real estate in prime location.
      100 Scholz Plz, Newport Beach, CA 92663
      View Details
    • $9,590,000
      3,185 SF

      Oceanfront Duplex in Newport Beach

      Oceanfront duplex with panoramic views and renovation potential.
      5901 Seashore Dr, Newport Beach, CA 92663
      View Details
    • $4,750,000
      2,126 SF

      Renovated Newport Coast View Residence

      Newly renovated home with panoramic ocean, city, and mountain views.
      7 Suprema Dr, Newport Coast, CA 92657
      View Details
    • $4,200,000
      3,474 SF

      Remodeled Belcourt Residence

      Meticulously remodeled residence in Newport Beach's exclusive Belcourt community.
      48 Belcourt Dr, Newport Beach, CA 92660
      View Details
    • $4,960,000
      17,556 SF

      Newport Beach Turnkey Office Campus

      Premium office space in prestigious Newport Beach business location.
      6 Upper Newport Plz, Newport Beach, CA 92660
      View Details
    • $6,690,000
      2,310 SF

      Remodeled Oceanfront Duplex Opportunity

      Updated duplex on Balboa Peninsula, steps from the beach.
      700 E Oceanfront, Newport Beach, CA 92661
      View Details
    • $1,325,000

      Remodeled Newport Beach Residence

      Resort-style living in a coveted gated community with modern amenities.
      49 Canyon Island Dr, Newport Beach, CA 92660
      View Details
    • $550,000
      1,413 SF

      Established Boutique in Newport Beach

      Upscale women’s boutique in a prestigious Newport Beach shopping center.
      Newport Coast Dr, Newport Beach, CA 92657
      View Details
    • $599,000
      621 SF

      Newport Beach Coastal Living Home

      Newly designed 1-bedroom home in iconic bayfront neighborhood.
      27 Bolivar St, Newport Beach, CA 92663
      View Details

    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 St 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.
    (949) 438-4340
    Request Owner's contact information
    205 42Nd St Newport Beach, CA 92663
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    205 42Nd St
    Newport Beach, CA 92663
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    205 42Nd St Newport Beach, CA 92663
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Anna Andrews
    Real Estate License ID: 01485699
    (949) 438-4340
    Learn more
    Google sign-in failed. Please try again or use another login method.