126 45th Street, Newport Beach, California 92663, Newport Beach, 92663 - 5 bed, 4 bath
Loading property details...
126 45th Street
Newport Beach, California 92663
ACTIVE
CONDITION: GOOD
5Beds
4Baths
2,320Sq Ft
2,614Lot Size
Property Price
LIST PRICE$4,195,000
EST. MARKET VALUE
$3,698,788
13% AboveMARKET VALUE
SUMMARY
This Turnkey Residential Income Duplex represents a High-Potential Investment Opportunity, currently listed at $4,195,000. While priced above the $3,698,789 Fair Market Value, the property commands a premium due to its Two Active Short-Term Rental Permits and Condition Rating of 3. Featuring Ocean and Catalina Island Views, a spacious front patio, and modern upgrades like tankless water heaters, this asset is optimized for immediate cash flow. Located near Newport Elementary (9/10), it is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a high-yield coastal asset.
Estimated Market Value
$3,698,788
Based on Realkey algorithm analyzing recent comparable sales in Newport Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 126 45th Street Subject 5 bd · 4 ba · 2,320 sqft · $1,594 | $4,195,000* List Price | 5 | 4 | 2,320 | $1,594 | - |
A 4704 Seashore Drive Active 6 bd · 3 ba · 2,890 sqft · $1,661 · 0.1 mi | $4,800,000 List Price | 6 | 3 | 2,890 | $1,661 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although originally built in 1965, the property has undergone significant updates and is meticulously maintained. Key systems are updated, including a newer roof, high-efficiency forced-air units, and tankless water heaters. Kitchens and bathrooms have been refreshed with quartz countertops and newer appliances. The interior finishes and cabinetry appear to be within the 5-15 year renovation range, making it a functional, turnkey investment rather than a brand-new 'Excellent' grade luxury build.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Newport Elementary School (9/10).
- Rare Short-Term Rental Permits
The property includes two active short-term rental permits, a highly valuable and restricted asset in Newport Beach that ensures immediate, high-yield income potential from day one.
- Prime Coastal Location & Views
Situated in the iconic 100-block just steps from the sand, the duplex offers stunning ocean and Catalina Island views, commanding premium rental rates and high occupancy.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2614, other record lot size in square feet = 2550.
- High Price per Land Square Foot
With a list price of $4.195M on a 2,614 sqft lot, the property carries a high cost basis that may limit traditional appreciation compared to larger parcels in the area.
- Aging Structure
Despite recent renovations, the original 1965 construction may require more intensive long-term structural maintenance compared to newer builds in the West Newport market.
About 126 45th Street
TWO ACTIVE SHORT-TERM RENTAL PERMITS - Welcome to 126 45th Street, a turnkey, strong cash-flowing vacation rental that sleeps 12, fully furnished, iconic 100-block duplex. Upstairs: 3 bedrooms, 2 baths with an open flow, spacious living area and balcony with beach & ocean views. Oversized primary suite also has its own built-in desk, and ensuite. Two additional bedrooms and a central bathroom. Downstairs: 2 bedrooms; one with ensuite, a second bathroom with Jacuzzi tub, spacious living area and easy flow to the oversized front patio with beach views. The property has a newer roof, new garage doors with quiet motors, vinyl fencing and gates, tankless water heater, high-efficiency forced-air units, quartz countertop kitchens and bathrooms, plus brand-new refrigerators. Brand new Polywood outdoor furniture in the lower unit and so much more. This beach property is A+ location, close proximity to everything, has been meticulously maintained, strong current and future bookings with many repeat clients, turnkey and income-producing from day one. Welcome to 126 45th Street, location, income and ease.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1965
- Lot Size
- 2,614 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Newport Beach Unified Schools
Newport Heights Elementary School
Grades K-6 • 1.4 mi
8/10
Newport Elementary School
Grades PK-6 • 1.5 mi
9/10
Horace Ensign Intermediate School
Grades 7-8 • 1.3 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 5.1 |
| Baths | 4.0 | 3.7 |
| Square foot | 2,320 | 2,313.222 |
| Lot Size | 2,614 | 2,703.444 |
| Price | $4.20M | $3.37M |
| Price per sq ft | $1.8K | $1.8K |
| Built year | 1965 | 1954 |
| HOA | $0 | $0 |
| Days on market | 25 | 63 |
Pricing History
Listed for Sale
Sep 30, 2026
$4,195,000
Initial Listing
Sold
Nov 10, 2014
$1,700,000
Public Record
Sold
Jul 11, 2008
$1,350,000
Public Record
Sold
Sep 1, 2000
$730,000
Public Record
Sold
Dec 17, 1998
$1,000
Public Record
Sold
Nov 20, 1998
$427,000
Public Record