Just one block from the sand and some of Newport Beach's most iconic beaches, this exceptional duplex presents a rare opportunity to own an income-producing property in one of the Peninsula's most sought-after locations. Offering the perfect blend of investment potential and an unbeatable coastal lifestyle, this property is ideally suited for investors, owner-users, or those seeking a premier beach-close asset with significant upside. The side-by-side residences feature spacious, functional floor plans designed to embrace easy coastal living. One unit offers three bedrooms and two bathrooms, while the second residence features two bedrooms and two bathrooms. Each home enjoys an abundance of natural light, inviting living spaces, and sliding glass doors that capture the refreshing ocean breezes synonymous with life on the Peninsula. Perfectly positioned within walking and biking distance of Newport Beach's most desirable destinations, residents can enjoy effortless access to the beach, the harbor, Cannery Village, Lido Marina Village, Lido House Hotel, the Pavilions shopping center, acclaimed restaurants, charming cafés, and boutique shopping. Whether spending the day surfing, boating, dining on the waterfront, or exploring everything the Peninsula has to offer, this location embodies the very best of Southern California coastal living. With strong rental demand, an exceptional walkable location, and the tenant expressing interest in remaining, this is a rare opportunity to acquire a well-positioned duplex in one of Newport Beach's most coveted beachside neighborhoods. Properties of this caliber and location are seldom available, making this an outstanding opportunity to invest in the Peninsula lifestyle while benefiting from long-term income potential.
Property Sub Type:
Duplex
Property Attached:
Yes
Lot Area:
2,034 sq. ft.189 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1972
(Age: 54)
General Listing Location:
Newport Beach, N8 - West Newport - Lido
County Or Parish:
Orange
Tenant Pays:
All Utilities
Common Interest:
None
Gross Income:
$0
Gross Scheduled Income:
$198,000
Net Operating Income:
$196,000
Rent Control:
No
Association Fee:
$0
Land Lease:
No
Electric Expense:
$0
Fuel Expense:
$0
Insurance Expense:
$2,200
Taxes expense:
0.0
Operating Expense:
$2,200
Trash Expense:
$0
Water and Sewer Expense:
$0
Vacancy Allowance:
$0
Tax Lot:
22
From Newport Blvd, down Peninsula to a Rt on 32nd, Rt on Balboa.
Appliances:
Dishwasher, Electric Oven, Electric Range
Number of Buildings:
1
# of Electric Meters:
1
# of Gas Meters:
1
# of Water Meters:
0
Community Features:
Street Lights, Sidewalks, Water Sports
Senior Community:
No
Interior Features:
Ceiling Fan(s)
Laundry Features:
In Garage
Pool Features:
None
Private Pool:
No
Lot Features:
Corner Lot
Waterfront Features:
Ocean Side Of Highway
Subdivision Name:
Central Newport (CNEW)
Levels:
Two
Num Stories:
2
Entry Level:
1
Entry Location:
Street Level
New Constr.:
No
Flooring:
Carpet, Laminate
Common Walls:
1 Common Wall
# Units:
2
Heating:
Central
Cooling:
Wall/Window Unit(s)
Water supply:
Public
Sewer:
Public Sewer
Road Frontage Type:
City Street
Road Surface Type:
Paved
Garage Spaces:
2
Uncovered Spaces:
1
Total Parking Spaces:
3
Parking Features:
Driveway, Garage
Special Listing Conditions:
Standard
Parcel Number:
42335314
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Conceptual rendering for potential development inclusive of two ocean view rooftop decks.
Conceptual rendering for potential development inclusive of two ocean view rooftop decks.