2,548 Sqft Lot
2,548 Sqft Lot
Open House
Sun Sep 20, 2:00pm - 5:00pm
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision West Newport Beach (Wsnb)
MLS Listing ID OC26202745
HOA Y/N No
Year Built 1958
Lot Size 2,548 Sqft
Property Sub-Type Duplex
Property Description
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.
Location
State CA
County Orange
Area N8 - West Newport - Lido
Interior
Interior Features Beamed Ceilings, Ceiling Fan(s), Laminate Counters, Quartz Counters, Bedroom on Main Level
Heating Fireplace(s), Wall Furnace
Cooling None
Flooring See Remarks, Tile, Vinyl
Fireplaces Type Gas, Living Room, Masonry
Fireplace Yes
Appliance Built-In Range, Electric Oven, Gas Cooktop, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Vented Exhaust Fan, Water To Refrigerator, Water Heater
Laundry In Garage
Exterior
Parking Features Garage, Garage Faces Rear
Garage Spaces 2.0
Garage Description 2.0
Fence Block, Stucco Wall
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Suburban, Sidewalks
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Waterfront Description Ocean Side Of Highway
View Y/N Yes
View Mountain(s), Neighborhood, Ocean, Peek-A-Boo
Roof Type Composition
Total Parking Spaces 2
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two,Multi/Split
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Bungalow, Cottage, Traditional
Level or Stories Two, Multi/Split
New Construction No
Others
Senior Community No
Tax ID 42331118
Energy Description 540.0
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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