$3,385,000

Balboa Peninsula duplex with two short-term rental permits. Income today, redevelopment potential tomorrow. Located in the heart of Newport Beach’s Balboa Peninsula, just a short walk to the beach, surf, and boardwalk, 125 41st Street presents a rare opportunity to acquire an established coastal investment property with immediate rental income and long-term upside. The property features two 2-bedroom, 1-bath residences totaling approximately 1,620 square feet on a 2,550-square-foot (30’ x 85’) lot. Both units operate as vacation rentals under separate short-term rental (STR) permits, offering an established rental history and professional property management already in place. For investors seeking additional upside, the property offers value-add potential through strategic improvements, with opportunities to enhance rental performance while maintaining its existing income-producing use. Beyond the current rental operations, the property presents potential for redevelopment into two new-construction condominiums, providing the flexibility to generate rental income today while exploring future development opportunities on the Peninsula. Whether your strategy is to hold an income-producing Newport Beach duplex, capitalize on the area’s vacation rental market, or pursu