Est. cap rate

0.6%

Assumed rent, all units

$6,080/mo

Units

2

Price per unit

$2,997,500

Est. annual NOI

$36,480

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

2,822 sqft

Lot size

3,485 sqft

Year built

1962

Stories

2

Garage spaces

2

Heating

Forced Air

Cooling

None,Wall/Window Unit(s)

Pool

None

View

Ocean,Neighborhood,Peek-A-Boo

Status

Active

Days on market

1

MLS #

249181816

About this property

TWO ACTIVE SHORT-TERM RENTAL PERMITS! Welcome to 112 46th St., a “Best-In-Class” turnkey, high-performing vacation rental that sleeps 14. A+ West Newport location, two houses off the sand with top-to-bottom, high-end renovations completed in 2026. With a total of 6 bedrooms and 4 bathrooms across both units, this property delivers. The upper unit is a showpiece and fully renovated throughout. Milgard French doors will guide you out to your open-air front balcony framing the surf & sand and views of Catalina Island. A second private balcony off the primary suite, shaded and tucked away from the street, allows for slow mornings or quiet evenings. The downstairs unit features French doors that lead to a generous beach-view patio. A newly added ensuite bathroom gives the two-bedroom, two-bath unit the comfort of a full-sized home. Both kitchens and all four bathrooms feature matching quartz, custom hardwood cabinetry, Kohler, Moen, and Toto fixtures, with LG and Bosch appliances throughout the property. Each unit has its own washer and dryer, and sound-insulated flooring quiets the space between. Freshly painted inside & out, new insulated garage doors, epoxy-coated decks, plus new vinyl fencing and gates. Parking for four vehicles is an added luxury. With close proximity to the Beach & Bay, local dining, Lido Village, boardwalk, pier and so much more, the heavy lifting is already done. Just pack your bag and show up. Welcome to 112 46th Street!

Location

112 46th Street

Newport Beach, Orange, CA, 92663