Duplex Cottage with
For Sale
$3,499,000
Pending
118 Emerald, Newport Beach, CA 92662
MULTI_FAMILY - Cottage - Newport Beach, CA
Property Size1,893 SF
Lot Size0.06 Acres
Days on Market118
Property Features for 118 Emerald
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Laundry Room, Bedroom 3, Bathroom 3, Bedroom 4, Bathroom 2, Bedroom 5
Parking
2
Parking features
Garage
Window features
Blinds, Double Pane Windows
Patio and Porch features
Patio
Interior features
Wood Product Walls
Exterior features
Awning(s)
Fireplace
1
Appliances
Gas Range, Gas Oven
Subdivision
Balboa Island - Main Island (BALM)
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
main cross streets are park and emerald
Standard status
Pending
APN
05004102
Size
1,893 SF
Lot size
0.06 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
front patio
white picket fence
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Building materials
Wood Siding
Roof type
Composition
Architectural style
Cottage
Listing Agency:
Balboa Island Estates
(949) 205-6382
Listed By:
Lucas Kinney · License #01946207
(949) 205-6382
Added: Apr 21
Changed: Aug 11
Last Checked: Aug 16 at 5:06AM
MLS# PW26082073
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.
Investment Insights
Based on property information with market context.
118 Emerald Avenue is a duplex cottage built in 1940 and currently configured as a front-and-rear rental property. The front unit is a single-story 2-bedroom, 1-bath coastal cottage with a spacious front patio and a white picket-fenced patio area, and it includes a fireplace.
The rear unit offers a 3-bedroom, 2-bath split-level layout with vaulted spatial flow and a private 2-car garage. Both units are described as move-in ready, and the property is operating with two active short-term rental permits.
Set on a 0.06-acre lot, the property totals 1,893 square feet. Construction features include wood siding with vinyl flooring. Utilities are public, with public sewer and a public water source. The home includes a wall furnace for heat and window unit(s) / wall-window unit(s) cooling, with an awning(s) exterior feature. The listing notes a composition roof, gas range and gas oven, and wood product walls. Parking is provided via the attached garage.
The rear unit offers a 3-bedroom, 2-bath split-level layout with vaulted spatial flow and a private 2-car garage. Both units are described as move-in ready, and the property is operating with two active short-term rental permits.
Set on a 0.06-acre lot, the property totals 1,893 square feet. Construction features include wood siding with vinyl flooring. Utilities are public, with public sewer and a public water source. The home includes a wall furnace for heat and window unit(s) / wall-window unit(s) cooling, with an awning(s) exterior feature. The listing notes a composition roof, gas range and gas oven, and wood product walls. Parking is provided via the attached garage.
Key Highlights
- Duplex cottage built in 1940 on a 0.06‑acre lot totaling 1,893 SF
- Currently configured with two active short‑term rental permits
- Front unit: single‑story 2‑bedroom, 1‑bath with a patio and fireplace
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,204
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex configured for short-term rentals with cottage-style living, a patio, and a fireplace in the front unit.
Where is this duplex located?
The property is located at 118 Emerald Newport Beach, CA.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: Duplex cottage built in 1940 on a 0.06‑acre lot totaling 1,893 SF; Currently configured with two active short‑term rental permits; Front unit: single‑story 2‑bedroom, 1‑bath with a patio and fireplace
