Duplex Apartment with
For Sale
Contact for pricing
112-1/2 Pearl, Newport Beach, CA 92662
Newport Beach, CA
Property Size500 SF
Lot Size0.06 Acres
Price / SF$5.50
Days on Market144
Property Features for 112-1/2 Pearl
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1
Pets allowed
Call
Appliances
Gas Range
Lot features
0-1 Unit/ Acre
Elementary school district
Newport Mesa Unified
Middle school district
Newport Mesa Unified
High school district
Newport Mesa Unified
Directions
Park Ave to Pearl Ave, One way from South Bayfornt Alley
Subdivision
N9 - Lower Newport Bay - Balboa Island
Standard status
Active
APN
05004309
Size
500 SF
Lot size
0.06 Acres
Utilities
Heating system
Wall Furnace
Water source
Public
Building Details
Year built
1977
Floors in Building
2
Number of units
2
Flooring type
Tile
Architectural style
Modern
Listing Agency:
Arbor Real Estate
(949) 673-7600
Listed By:
Jake Klohs · License #01065508
(949) 872-6451
Added: Jun 8
Changed: Oct 27
Last Checked: Oct 29 at 9:06AM
MLS# NP26135556
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.
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Investment Insights
Based on property information with market context.
This duplex property includes a 500-square-foot over-garage apartment with one bedroom and one bathroom. The interior features a galley kitchen with ample cabinet storage, a gas range, tile flooring, and wall-furnace heating. A compact patio provides space for a small outdoor table. Built in 1977 with a modern architectural style, the property receives water service from the public system.
The residence is near the Balboa Island Ferry, Island Market, a laundromat, Island Park, local shops, restaurants, and the waterfront. Its location also provides access to ferry service connecting the island with the peninsula.
The residence is near the Balboa Island Ferry, Island Market, a laundromat, Island Park, local shops, restaurants, and the waterfront. Its location also provides access to ferry service connecting the island with the peninsula.
Key Highlights
- 500‑square‑foot over‑garage apartment
- One bedroom and one bathroom
- Galley kitchen with ample cabinet space and gas range
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,544
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,880
$190.9K
Cap Rate 7%
$136,343
$136.3K
Cap Rate 9%
$106,044
$106.0K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$18.0K $36.00/SF
− Vacancy
−$648 −$1.30/SF
EGI
$17.4K $34.70/SF
− OpEx
−$7.8K −$15.62/SF
NOI
$9.5K $19.09/SF
Area
Orange County, CA
Vacancy
3.60%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,880
Cap Rate 7%
$136,343
Cap Rate 9%
$106,044
Alternative Uses
Best Use
Multifamily LT 5
$150.7K
$131.8K – $175.8K
NOI $10,547 @ 7.0% cap · market cap 383.53%
Second Best
Apartment 5plus
$136.3K
$119.3K – $159.1K
NOI $9,544 @ 7.0% cap · market cap 347.05%
Theoretical Best
Office A
$167.9K
$147.0K – $195.9K
NOI $11,756 @ 7.0% cap · market cap 427.49%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,208
Businesses Nearby
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Business Placement
Demographics for 92662, CA
2,490
Population
1,869
Households
1.3
Avg Household Size
60
Median Age
68%
College-Educated
100%
High-School Grad
0.2 sq mi
ZIP Area
12,450
Density / Sq Mi
$162,045
Median Household Income
$83,322
Median Earnings
$2,736
Median Rent
$2,000,001
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Over-garage residence with a galley kitchen, outdoor patio, and convenient access to island shops, restaurants, and waterfront destinations.
Where is this duplex located?
The property is located at 112-1/2 Pearl Newport Beach, CA.
What are key features of this property?
This property features: 500‑square‑foot over‑garage apartment; One bedroom and one bathroom; Galley kitchen with ample cabinet space and gas range
