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Two-Unit Duplex with Ocean Views

121 45th Street, Newport Beach, CA 92663

For Sale
New
$5,800,000

Two residences feature remodeled interiors, private outdoor spaces, in-unit laundry, and central air conditioning.

Property Size2,325 SF
Days on Market4

Property Features for 121 45th Street

General Information

Standard status Active
Size 2,325 SF
Total Parking Spaces 2
Property subtype Duplex

Units

Unit Mix 1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units 2

Additional Details

Road Access Yes

Amenities

private balcony
private outdoor living area
fire pit
barbecue
in-unit laundry
abundant storage
central air conditioning

Building Details

Building Size 2,325 SF
Year Built 1958
Listing Agency: Luxe Real Estate
Listed By: Nicole Palanjian · License #02136368
Source: Summerperrygroup
Added: Nov 4 Changed: Nov 6 Last Checked: Nov 6 at 2:32PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Luxe Real Estate

Rey
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Investment Insights

Based on property information with market context.

This duplex contains two separate residences, each with three bedrooms and two bathrooms in the upper unit and two bedrooms and two bathrooms in the lower unit. Both have been remodeled with wide-plank White Oak floors, Italian marble counters, custom cabinetry, polished nickel plumbing fixtures, and stainless steel European appliances. Each residence includes central air conditioning, its own laundry and ample storage. The upper home has vaulted tongue-and-groove ceilings and a private front balcony with ocean views; the lower residence opens to a private outdoor area with a built-in cobblestone fire pit and barbecue. A two-car garage serves the property, which was built in 1958.

The property is on 45th Street in Newport Beach, steps from the beach.

Key Highlights

  • Two residences: a 3‑bedroom, 2‑bath upper unit and a 2‑bedroom, 2‑bath lower unit
  • Both units remodeled with White Oak flooring, Italian marble countertops and custom cabinetry
  • Upper residence includes vaulted ceilings and a private balcony with ocean views

Property Analytics

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Lease Details

2
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,716
Businesses Nearby

Demographics for 92663, CA

20,812
Population
12,348
Households
1.7
Avg Household Size
42
Median Age
64%
College-Educated
97%
High-School Grad
3.3 sq mi
ZIP Area
6,307
Density / Sq Mi
$138,271
Median Household Income
$77,157
Median Earnings
$2,717
Median Rent
$2,000,001
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Duplexes in Newport Beach, CA

$1,452 Jul
$1,096 Aug
$1,210 Sep
$1,445 Oct

Properties on Market for Duplexes in Newport Beach

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two residences feature remodeled interiors, private outdoor spaces, in-unit laundry, and central air conditioning.
Where is this duplex located?
The property is located at 121 45th Street Newport Beach, CA.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: Two residences: a 3‑bedroom, 2‑bath upper unit and a 2‑bedroom, 2‑bath lower unit; Both units remodeled with White Oak flooring, Italian marble countertops and custom cabinetry; Upper residence includes vaulted ceilings and a private balcony with ocean views
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