Est. cap rate

0.7%

Assumed rent, all units

$7,160/mo

Units

2

Price per unit

$2,900,000

Est. annual NOI

$42,960

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

5

Bathrooms

4

Building size

2,325 sqft

Lot size

2,546 sqft

Year built

1958

Stories

2

Garage spaces

2

Heating

Central

Cooling

Central Air

Pool

None

View

Ocean,Catalina

Status

Active

Days on market

0

MLS #

249263749

About this property

Coastal living refined with this beautifully updated duplex located steps from the beach on 45th Street in Newport Beach. The property consists of two separate residences, each remodeled with designer selected materials and modern systems throughout, and offering abundant natural light from end to end. The upper unit features soaring vaulted tongue-and-groove ceilings, three spacious bedrooms, two bathrooms, and a private front balcony with sweeping ocean views. The lower unit offers a versatile two bedroom, two bathroom floor plan anchored by a private outdoor living area, complete with a custom built in cobblestone fire pit and barbecue, ideal for effortless entertaining. Shared finishes across both units showcase wide-plank White Oak flooring, bespoke cabinetry, Italian marble countertops, polished nickel plumbing fixtures, and stainless steel European appliances. Each unit includes its own in-unit laundry, abundant storage, and central air conditioning, with a generous 2 car garage completing the home. A rare offering suited for a primary residence, a coastal retreat, or an income- generating investment, this property delivers timeless design with everyday livability for the ultimate beach lifestyle.

Location

121 45th Street

Newport Beach, Orange, CA, 92663