125 41st, Newport Beach, CA 92663
- $3,450,000
- List Price
- $3,450,000
- Status
- ACTIVE
- Days on Market
- 4
- MLS#
- OC26202745
- Subtype
- Residential Income
- Style
- Bungalow, Cottage, Traditional
- Year Built
- 1958
- Lot Size
- 2,550
- Acres
- 0.06
- Subdivision
- West Newport Beach (Wsnb)
- Neighborhood
- West Newport Beach (Wsnb)
- MLS Area Major
- West Newport - Lido (N8)
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.
Additional Information
- Interior Features
- Beamed Ceilings, Ceiling Fan(s), Laminate Counters, Quartz Counters, Bedroom on Main Level
- Property Description
- Bungalow, Cottage, Traditional
- Flooring
- See Remarks, Tile, Vinyl
- Appliances
- Built-In Range, Electric Oven, Gas Cooktop, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Vented Exhaust Fan, Water To Refrigerator, Water Heater
- Heating
- Fireplace(s), Wall Furnace
- Stories
- Two Levels, Multi Level
- Levels
- Two, Multi/Split
- Roof
- Composition
- Pool Type
- None
- Parking Features
- Garage, Garage Faces Rear
- Garage Spaces
- 2
- View
- Mountain(s), Neighborhood, Ocean, Peek-A-Boo
Mortgage Calculator
Listing courtesy of Listing Agent: Troy Seeber (troy.seeber@compass.com) from Listing Office: Compass.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.