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.
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.
Overview
Property Type
Multi-family
Location
125 41st, Newport Beach, CA 92663
Year Built
1958
MLS ID
NP26202705
Listing Last Updated
Property Features & Amenities
Interior
Total Bedrooms
4
Full Bathrooms
2
Flooring
Tile, Vinyl, Wood
Laundry Room
Washer Hookup, Gas Dryer Hookup, In Garage
Fireplace
Gas, Living Room, Masonry
Appliances
Built-In Range, Barbecue, Dishwasher, Electric Oven, Disposal, Gas Oven, Refrigerator, Range Hood, Water Heater, Dryer, Washer
Other Interior Features
Breakfast Area, Ceiling Fan(s), Laminate Counters, Quartz Counters, Bedroom on Main Level
Exterior
Stories
2
Garage Spaces
2.0
Water Source
Public
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Pool
None
Roof
Composition
Lot Features
0-1 Unit/Acre
Parking
Garage, Garage Faces Rear, On Street
Heat Type
Wall Furnace
Air Conditioning
None
Sewer
Public Sewer
Substructure
Slab
Security Features
Smoke Detector(s)
Details
Neighborhood
Orange County
Architecture Styles
Bungalow, Cottage
Water Frontage
Ocean Side Of Highway
View Description
Mountain(s), Neighborhood, Ocean, Peek-A-Boo
Financial
Price
$3,450,000
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