Turnkey Two-Unit Duplex with
For Sale
Contact for pricing
205 42nd Street, Newport Beach, CA 92663
Two furnished residences with transferable short-term rental permits and beach-oriented amenities.
Property SizeContact for details
Days on Market209
Property Features for 205 42nd Street
General Information
Standard status
Active
Property subtype
Multifamily
Zoning
Assessor
Building Details
Buildings
1
Units
2
Listing Agency:
Compass
(949) 274-0132
Listed By:
Anna Andrews · License #01485699
Source:
Crexi
Added: Feb 4
Changed: Aug 31
Last Checked: Aug 30 at 4:52AM
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 Compass
Investment Insights
Based on property information with market context.
This duplex contains two separate furnished residences, each configured with 2 bedrooms and 1 bathroom. Both units have updated kitchens and baths, while the upper residence sits over the garage and the lower residence opens to a private patio with a fire pit. The property includes Smart TVs, an on-site washer and dryer, towels, linens, and beach equipment. Appliances, including the tankless water heater, were replaced in 2024, and further work includes new paint, roof, windows, and other upgrades.
An oversized 4-car garage provides substantial on-site parking. The property includes two transferable Short Term Rental Permits and has operated as a professionally managed vacation rental. It is located on the Balboa Peninsula near the sandy beach and within walking distance of Channel Park on the bay.
An oversized 4-car garage provides substantial on-site parking. The property includes two transferable Short Term Rental Permits and has operated as a professionally managed vacation rental. It is located on the Balboa Peninsula near the sandy beach and within walking distance of Channel Park on the bay.
Key Highlights
- Two separate 2‑bedroom, 1‑bathroom units
- Two transferable Short Term Rental Permits
- Oversized 4‑car garage
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,451
Businesses Nearby
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Business Placement
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
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two furnished residences with transferable short-term rental permits and beach-oriented amenities.
Where is this duplex located?
The property is located at 205 42nd Street 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: Two separate 2‑bedroom, 1‑bathroom units; Two transferable Short Term Rental Permits; Oversized 4‑car garage
