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115 42nd Street

Newport Beach, CA 92663

– beds
– baths
– sqft
2,614 sqft lot
1963 build
– on site

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HEAR the WAVES! Rare Multi-unit property located in a PRIME location, for the Love of the Sand and Sea. 115 42nd is only 3 houses from the beach on the 100 Block on the Balboa Peninsula of Newport Beach. Just steps from the Surf and Sand, restaurants, piers, entertainment, parks, trails and shopping. This property has captivating Ocean Views from its upstairs balcony. This Multi-unit income property is the perfect destination for people to visit from around the world. The upstairs unit a 3 bed2 full bath has a large living room and open faced kitchen to get that afternoon ocean breeze. With it's large vaulted ceilings and bamboo flooring along with its Polynesian style decor you can't help but feel like your on the Islands. Granite counter tops, stainless steel range, and a glass bar helps you feel the luxury of what living in Newport Beach is all about. The balcony view of the ocean is relaxing and detoxifying after you have had a long day, with a peek a boo view of the ocean from the back balcony. The lower unit is a 3 bedroom 2 full bath room's with the feel that you are staying a luxury hotel. The patio is large and great for BBQ's all year round. The building had 3 enclosed garages parking spots outside washer/dryer hook-ups which are coin-op for additional income. The property has been recently improved with a nearly new composition roof, copper plumbing, the water has been separated if you would like to do a condo conversion. A MUST SEE!!

Listed By CRMLS_CA / John Zarvos / Viking Real Estate and Inv.

Last checked: Checking… • Last updated Apr 18, 2025 •

MLS# NP20169885 —

The Building

Year Built:

1963
Year Built Source:

Public Records
New Construction:

No
Construction Materials:

Block, Hardboard, Stucco
Building Area Total:

2604.00
Building Area Units:

Square Feet
Total Number Of Units:

2
# of Buildings:

1
Architectural Style:

Bungalow
Roof:

Composition
Foundation:

Slab
Stories Total:

2
Accessibility Features:

See Remarks
Common Walls:

1 Common Wall
# of Separate Gas Meters:

2
# of Separate Water Meters:

2
# of Separate Electric Meters:

2

Interior

Features:

Ceiling Fan(s), Copper Plumbing Full, High Ceilings
Levels:

Two
Flooring:

Bamboo, Carpet, See Remarks
Room Type:

See Remarks
Fireplace:

Yes
Fireplace:

Gas
Laundry:

In Garage, Inside, Stackable
Laundry:

1

Location

Directions:

W. Balboa Blvd./ 42nd st.
Latitude:

33.61942200
Longitude:

-117.93785200

The Property

Subtype:

Duplex
Property Condition:

Repairs Cosmetic
Lot Features:

2-5 Units/Acre
Lot Size Area:

2614.0000
Lot Size Acres:

0.0600
Lot Size SqFt:

2614.00
Lot Size Source:

Assessor
Fencing:

Block
Fence:

Yes
Security Features:

Smoke Detector(s)
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

42
Tax Census Tract:

635.00
Tax Tract:

670
Tax Lot:

22

The Listing

Special Listing Conditions:

Standard
Parcel Number:

42302313

Heating & Cooling

Heating:

1
Heating:

Wall Furnace, Forced Air, Fireplace(s)
Cooling:

No
Cooling:

None

Utilities

Utilities:

Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Disposal, Gas Oven, Gas Water Heater
Included:

Yes

The Community

Subdivision:

Balboa Peninsula (Residential) (BALP)
Subdivision:

Balboa Peninsula (Residential) (BALP)
Features:

Dog Park, Golf, Hiking, Park, Watersports, Sidewalks, Street Lights
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Assessments:

None

Parking

Parking:

Yes
Parking:

Garage - Single Door, Garage - Two Door
Parking Spaces:

3.00
Garage Spaces:

3.00

Extra Units

Average 3 Bed Area:

2500

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Sale history

Date	Event	Source	Price	% Change
11/13/20 Nov 13, 2020	Sold	CRMLS_CA	$2,650,000	-5.3%
8/19/20 Aug 19, 2020	Listed / Active	CRMLS_CA	$2,799,000
3/5/20 Mar 5, 2020	Listed / Active	CRMLS_CA

Multifamily Sold on 11/13/2020

$2,650,000

Listing provided by broker:

John Zarvos

Viking Real Estate and Inv.

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Listing Courtesy of: CRMLS_CA and Viking Real Estate and Inv.. Based on information from California Regional Multiple Listing Service, Inc. as of 00:02 on Jul 16.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

115 42nd Street

Newport Beach, CA 92663