125 41st, Newport Beach, CA 92663
- $3,450,000
- 4
- BD
- 2
- BA
- 1,620
- SqFt
List Agent Tyler Brown () Serhant California, Inc; CoList ()
- List Price
- $3,450,000
- Status
- ACTIVE
- MLS#
- NP26202705
- Year Built
- 1958
- Bedrooms
- 4
- Bathrooms
- 2
- Living Sq. Ft
- 1,620
- Lot Size
- 2,526
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 3
- Property Type
- Single Family Residential
- Style
- Bungalow, Cottage
- Property Sub Type
- Duplex
- Stories
- Two Levels
- Neighborhood
- West Newport Beach (Wsnb)
Property Description
INCOME TODAY. OPPORTUNITY TOMORROW 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.
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Additional Information
- Appliances
- Built-In Range, Barbecue, Dishwasher, Electric Oven, Disposal, Gas Oven, Refrigerator, Range Hood, Water Heater, Dryer, Washer
- Pool Description
- None
- Fireplace Description
- Gas, Living Room, Masonry
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- Mountain(s), Neighborhood, Ocean, Peek-A-Boo
- Patio
- Concrete
- Roof
- Composition
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- School District
- Newport Mesa Unified
- Elementary School
- Newport Heights
- Middle School
- Ensign
- High School
- Newport Harbor
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Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.