714-914-4996

205 42nd Street,
Newport Beach, CA 92663

$3,150,000

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Jansen Team

Jansen Team

714-914-4996

rob@jansen-team.com

Incredible investment opportunity in the heart of Newport Beach. This turnkey duplex includes two Short Term Rental Permits that are transferable to the new owner! The property consists of two separate units and an oversized 4-car garage, assuring you will never be without parking at the beach. Located on the Balboa Peninsula, this duplex is just steps to the sandy beach or a short walk to Channel Park on the bay. Each unit offers 2 bedrooms and 1 bathroom with recently updated kitchens and baths. The upper unit, situated above the garage, enjoys ocean breezes, while the lower unit features a private patio with a fire pit, enhancing guest appeal and rental performance. Both units are fully furnished and equipped with modern conveniences including Smart TVs, on-site washer and dryer, towels, linens and beach gear, allowing for immediate, turnkey operation. The property has an established history as a professionally managed vacation rental with consistent income, making it a strong, proven performer. All finishes, furnishings, and household items are in excellent condition. All appliances new as of 2024 including tankless water heater. Recent improvements including new paint, roof, windows, and additional upgrades minimizing near-term capital expenditures. This is a low-maintenance coastal asset located in one of Newport Beach’s strongest rental corridors.

Basic Information

MLS #:
NP26027772
Price:
$3,150,000
Price
(per sq ft):
$2,029.00
Address:
205 42nd Street ,
Newport Beach, CA 92663
MLS Area:
NP - Balboa Peninsula
Subdivision:
Balboa Peninsula (Residential) (BALP)
Property
Type:
Duplex
Days on Market:
0
Status:
Active
Bedrooms:
4
Bathrooms:
2
Full Baths:
2
Size (sq ft):
1,552 sq ft
Lot Size:
2,614 sq ft
Year Built:
1947
Sale Type:
Standard

Rooms in Home

Rooms:
Kitchen, Living Room
Eating Area:
Laundry:
Community, In Garage
Entry Location:
1

Interior Features

Fireplace:
Outside, Propane, Fire Pit
Cooling:
None
Heating:
Floor:
Laminate
Appliances:
Barbecue, Gas Oven, Gas Range, Refrigerator, Tankless Water Heater
Interior Features:
Ceiling Fan(s), Furnished
Security:
Accessibility:
Parking

Garage and Parking

Garage:
Attached
Garage:
4 Spaces
Carport:
0 Spaces
Parking:
Assigned, Garage, Oversized, Private

Home Owners Association

HOA Dues 1:
$0.00 /
HOA Dues 2:
$
HOA Amenities: 

Utilities

Water:
Public
Utilities:
Cable Connected,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected

School Information

District:
Newport Mesa Unified
Elementary:
Middle:
High:

Exterior Features

Pool:
None
Spa:
Patio:
View:
Ocean, Peek-A-Boo
Construction:
Foundation:
Slab
Roof:
Composition
Windows:
Double Pane Windows
Common Walls:
No Common Walls
Levels:
Two
Lot Features:
Corner Lot, Near Public Transit, Park Nearby, Paved

Additional Information

County:
Orange
Senior Community:
No
Community Features:
Sidewalks, Storm Drains, Street Lights
Other Structures:
Structure Condition:
Turnkey
Direction Faces:
Listed by:
Compass , Anna Andrews , 01485699
Co-Listed:
Last
Updated:
2/7/2026 12:55 AM

205 42nd Street,
Newport Beach, CA 92663

Jansen Team
Real Estate

Rob Jansen, Broker

California Office

Phone: 714-914-4996

4000 Barranca Parkway, Suite 250
Irvine, CA 92604

Email: rob@jansen-team.com

Idaho Office

Phone: 208-360-5198

2184 Channing Way , # 324
Idaho Falls, ID 83404

CA-Lic#01799964, ID-Lic#PR54424 ■ © 2023 Copyright Jansen Team Real Estate ■ Equal Housing Opportunity

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