4 Beds
2 Baths
1,620 SqFt
4 Beds
2 Baths
1,620 SqFt
Open House
Sun Sep 20, 2:00pm - 5:00pm
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,620 sqft
Price per Sqft $2,129
Subdivision West Newport Beach (Wsnb)
MLS Listing ID NP26202705
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1958
Lot Size 2,526 Sqft
Property Sub-Type Duplex
Property Description
A rare investment opportunity just steps from the sand on the 100 block of Newport Beach's Balboa Peninsula. Located at 125 41st Street, this 1,620-square-foot duplex features two 2-bedroom, 1-bath units on a 2,550-square-foot lot and offers an exceptional combination of immediate income potential, coveted short-term rental use, and future development opportunity.
Currently operated as a short-term rental property, the offering includes two highly desirable short-term rental permits, providing the potential for substantial annual gross rental income. The existing duplex configuration offers flexibility for investors seeking continued vacation-rental income, a beach property with multiple residences, or a longer-term hold in one of Newport Beach's most sought-after coastal locations.
Beyond its current use, the property presents compelling redevelopment potential. The 30' x 85' lot offers the opportunity to re-imagine the site with two new-construction condominiums, allowing a future owner to significantly improve the property while capitalizing on its exceptional Peninsula location.
Just a short walk from the beach, surf, boardwalk and the best of the Newport Beach lifestyle, 125 41st Street represents an increasingly difficult-to-replicate combination: two residences, two short-term rental permits, strong income potential, and future development upside—all just steps from the sand.
Location
State CA
County Orange
Area N8 - West Newport - Lido
Rooms
Main Level Bedrooms 2
Interior
Interior Features Breakfast Area, Ceiling Fan(s), Laminate Counters, Quartz Counters, Bedroom on Main Level
Heating Wall Furnace
Cooling None
Flooring Tile, Vinyl, Wood
Fireplaces Type Gas, Living Room, Masonry
Fireplace Yes
Appliance Built-In Range, Barbecue, Dishwasher, Electric Oven, Disposal, Gas Oven, Refrigerator, Range Hood, Water Heater, Dryer, Washer
Laundry Washer Hookup, Gas Dryer Hookup, In Garage
Exterior
Parking Features Garage, Garage Faces Rear, On Street
Garage Spaces 2.0
Garage Description 2.0
Fence Block
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks, Water Sports
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Waterfront Description Ocean Side Of Highway
View Y/N Yes
View Mountain(s), Neighborhood, Ocean, Peek-A-Boo
Roof Type Composition
Porch Concrete
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Dwelling Type Duplex
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Bungalow, Cottage
Level or Stories Two
New Construction No
Schools
Elementary Schools Newport Heights
Middle Schools Ensign
High Schools Newport Harbor
School District Newport Mesa Unified
Others
Senior Community No
Tax ID 42331118
Security Features Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
