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    213 33Rd St Newport Beach, CA 92663

    View on Map
    Sponsored
    For Sale
    $2,695,000

    Duplex, Custom Built - Newport Beach, CA

    Type:Duplex
    Property size:
    1,354 SF
    Lot size:
    2,178.00 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 24 at 4:06 pm

    Property Features for 213 33Rd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Living Room
    Bedrooms
    4
    Bathrooms
    2
    APN
    42335217
    Parking
    3
    Parking features
    Driveway, Garage
    Interior features
    Beamed Ceilings, Copper Plumbing Full, Tile Counters, None, Carbon Monoxide Detector(s)
    Exterior features
    Fence, Community Features Included: Gutters, Curbs, Watersports, Street Lights, Urban, Sidewalks, 2-5 Units/Acre, Walkstreet, Value In Land
    Fencing
    Fenced
    Appliances
    Dishwasher, Garbage Disposer, Oven - Gas, Range, Range - Gas, Refrigerator, Washer
    Size
    1,354 SF
    Lot size
    2,178.00 Acres

    Utilities

    Heating system
    Wall Furnace
    Cooling system
    None (Cooling)
    Water front features
    Beach Access

    Building Details

    Year built
    1953
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Tile
    Building materials
    Plaster, Stucco, Vinyl Siding
    Roof type
    Elastomeric, Membrane, Rolled/Hot Mop, Tar/Gravel
    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Benner

    Tandera, Inc.

    Listing agent Michael Benner License #01883321

    Listing date Mar 22, 2026

    MLS# PW26062095 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

    Newport Beach Duplex Opportunity

    Located steps from the sand on the Balboa Peninsula in Newport Beach, this duplex presents a rare opportunity. Constructed in 1953, with an upstairs unit added in 1960, the property has been under the same family ownership since its original construction. The property features two units, each containing two bedrooms and one bathroom with similar floor plans. The downstairs unit measures approximately 737 square feet and includes a roughly 203 square foot patio with sidewalk access. The upstairs unit is approximately 616 square feet and features a 254 square foot front deck. Both units have copper plumbing, and the underground sewer line has been relined. The oversized two-car garage measures 565 square feet and includes laundry hookups. Additional off-street parking accommodates a full-size SUV in front of the garage door in the alley. The property is situated in a walkable community close to the beach, grocery stores, shopping, restaurants, and entertainment. The 0.05-acre lot property offers a versatile layout suitable for investors or owner-occupants. Both units will be delivered vacant at close of escrow. The property has a history of rental income. The buyer can rent immediately, renovate, or explore converting the property to a single-family residence.
    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 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
    -117.93275
    Latitude
    33.615725

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    FAQs

    What type of property is this?
    Duplex - Duplex near the beach with flexible floor plan.
    Where is this duplex located?
    The property is located at 213 33Rd St Newport Beach, CA.
    What is the asking price?
    The asking price for this property is $2,695,000.
    What are key features of this property?
    This property features: - Steps from the sand on Balboa Peninsula in a highly desirable, walkable location near beaches, shops, restaurants, and entertainment.; - Delivered vacant, offering a clean slate for immediate rental income, renovation, or conversion to a single-family residence.; - Duplex with two units (2 bed/1 bath each) providing flexible options for investors or owner-occupants to offset mortgage costs.
    (714) 240-3151
    Request Owner's contact information
    213 33Rd St Newport Beach, CA 92663
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    Newport Beach, CA 92663
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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.

    More about this property
    213 33Rd St Newport Beach, CA 92663
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    We can help!
    Listing Contact
    Michael Benner
    Real Estate License ID: 01883321
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