129 45th St - Apartments FOR SALE


Newport Beach, CA 92663
$3,495,000 USD
949-500-8684
129 45th St, Newport Beach, CA for Sale
$3,495,000 USD
Apartments - FOR SALE
1/17
null | 3.81% Cap Rate

129 45th St
Newport Beach, CA 92663


HIGHLIGHTS

  • Short Term Rental Permits
  • 10 homes from the beach
  • Located with easy access on the world famous Newport Peninsula

OVERVIEW

Discover the ultimate in coastal living with this extraordinary duplex, just 10 houses from the sand. Situated in the heart of the peninsula, this rare gem blendsflexibility, charm, and opportunity. Whether you’re seeking a family retreat, an investment property, or both, this home offers short-term rental permits already inplace and countless options for modern beachside living. The front unit features 2 bedrooms and 1 bathroom, highlighted by high-beam ceilings, stylish finishes,and a charming fireplace in the living room. The entryway opens to a bright and airy living space that seamlessly connects to a well-equipped kitchen, a cozy diningarea, and a generously sized patio—perfect for enjoying the ocean breeze or hosting friends and family. The back unit exudes beachside charm and versatility with3 bedrooms and 3 bathrooms. Its open-concept kitchen flows effortlessly into the dining area and living room, complete with a fireplace. Additionally, the primarybedroom offers its own fireplace and direct access to a private balcony, creating a cozy retreat within this spacious unit. Both units offer direct access to a 2-carenclosed garage, conveniently backing to an alley, and each unit includes in-home laundry facilities for ultimate ease of living. Recent updates include a new roofcompleted in Spring 2024, ensuring peace of mind for years to come. Flexibility is at the heart of this property, offering multiple living and income opportunities:live in one unit and host visitors or family, live in one and rent the other, or maximize income potential with two short-term rentals already permitted and ready togo. The Pro-Forma prepared by Tower 17 Properties projects 2025 revenue of $242,283.42, showcasing its outstanding income potential. This duplex deliversmodern comfort and timeless coastal allure. Don’t miss your chance to own a piece of paradise—just moments from the sandy shores and minutes from the vibrant energy of the peninsula.

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$1,248 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,747,500

CAP RATE

3.81%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,550 SF

ZONING

-

APN/PARCEL ID

424-41-321

ASK ABOUT THIS PROPERTY

Greg BlakeColdwell Banker RealtyMore Info
949-500-8684

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Greg BlakeColdwell Banker RealtyMore Info
949-500-8684

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.