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Tina Lucarelli

[email protected] +1(310) 738-8089

Listed by Greg Blake • Coldwell Banker Realty

$ 3,495,000

Est. payment -/mo

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129 45th Street Newport Beach, CA 92663

5 Beds

4 Baths

2,322 SqFt

UPDATED:

01/18/2025 05:50 PM

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,322 sqft

Price per Sqft $1,505

Subdivision West Newport Beach

MLS Listing ID NP-24250095

Bedrooms 5

Full Baths 4

Year Built 1958

Lot Size 2,550 Sqft

Property Description

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 blends flexibility, charm, and opportunity. Whether you're seeking a family retreat, an investment property, or both, this home offers short-term rental permits already in place 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 dining area, and a generously sized patio--perfect for enjoying the ocean breeze or hosting friends and family. The back unit exudes beachside charm and versatility with 3 bedrooms and 3 bathrooms. Its open-concept kitchen flows effortlessly into the dining area and living room, complete with a fireplace. Additionally, the primary bedroom 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-car enclosed garage, conveniently backing to an alley, and each unit includes in-home laundry facilities for ultimate ease of living. Recent updates include a new roof completed 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 to go. The Pro-Forma prepared by Tower 17 Properties projects 2025 revenue of $242,283.42, showcasing its outstanding income potential. This duplex delivers modern 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.

Location

State CA

County Orange

Interior

Interior Features Balcony, Beamed Ceilings, Built-In Features, Ceiling Fan(s), Recessed Lighting, Kitchen Open to Family Room

Heating Wall Furnace, Fireplace(s)

Cooling Wall/Window Unit(s)

Flooring Carpet, Tile

Fireplaces Type Living Room, Master Bedroom

Laundry In Kitchen, Inside, Stackable, Upper Level

Exterior

Exterior Feature Lighting, Rain Gutters

Garage Spaces 2.0

Pool None

Community Features Curbs, Sidewalks, Street Lights

View Y/N Yes

Building

Lot Description Level with Street

Sewer Public Sewer

Schools

Elementary Schools Newport

Middle Schools Horace Ensign

High Schools Newport Harbor

Tina Lucarelli

Advisor | License ID: 02102354

+1(310) 738-8089

Tina Lucarelli

129 45th Street Newport Beach, CA 92663

Key Details

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Interior

Exterior

Building

Schools

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129 45th Street