205 42nd, Newport Beach, CA 92663
Asking Price: $3,150,000
205 42nd, Newport Beach, CA 92663
Bedrooms: 0
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Bathrooms: 0
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Area: 0 SqFt.
Description
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.
Features
- 0.06 Acres
- 2 Stories

SELL YOUR HOME
Your home represents a major financial investment. When it’s time to sell, you deserve the individual attention of a professional Realtor who’s committed to representing you. When you’re ready to sell, give the Vitti Real Estate Group a call ...
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Learn More
Your home represents a major financial investment. When it’s time to sell, you deserve the individual attention of a professional Realtor who’s committed to representing you. When you’re ready to sell, give Vitti Real Estate Group a call ...
Learn More
Learn More
FIND YOUR HOME
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