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203 Cedar Street A & B, Newport Beach, California 92663, Newport Beach, 92663 - 4 bed, 3 bath

203 Cedar Street A home-pic-0
ACTIVE$2,699,000
203 Cedar Street A & B, Newport Beach, California 92663
4Beds
3Baths
1,804Sqft
2,614Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Coastal Location & Short-Term Rental Permit: Situated just two blocks from the beach in a prime Newport Shores location, this property offers highly desirable coastal living and the significant advantage of a rare short-term rental permit, maximizing income potential.
Top Cons:
Partial Air Conditioning: Only the lower unit is explicitly mentioned to have air conditioning, implying the larger 3-bedroom upper unit may lack this amenity, which could be a drawback during warmer months.

Compared to the nearby listings

Price:$2.70M vs avg $3.17M ($-466,000)24%
Size:1,804 sqft vs avg 2,390 sqft24%
Price/sqft:$1.5K vs avg $1.5K52%

More Insights

Built in 1975 (50 years old).
Condition: Built in 1975, this duplex has undergone thoughtful updates including stainless steel appliances, double-pane windows, fresh paint, and laminate/tile flooring, making it move-in ready. However, the kitchen cabinets and countertops, while clean, appear dated in style, likely from a renovation 15-30 years ago rather than a recent one. The bathrooms feature basic fiberglass tub/shower inserts, with one vanity showing a more recent update, but overall, they do not meet current quality standards. While functional and well-maintained, the property shows signs of being outdated in key areas, suggesting a need for minor updates to achieve a contemporary aesthetic.
Year Built
1975
Close
-
List price
$2.7M
Original List price
$2.7M
Price/Sqft
$1,496
HOA
-
Days on market
-
Sold On
-
MLS number
NP25245599
Home ConditionFair
Features
Good View: Neighborhood, Peek-A-Boo
Deck
Patio
ViewNeighborhood, Peek-A-Boo

About this home

Exceptional Newport Beach Duplex – Steps from the Sand. This rare short-term rental permitted duplex presents an incredible opportunity for both investors and owner-users. Just two blocks from the beach, the property offers versatility with two distinct residences: a spacious 3-bedroom, 2-bath upper unit and a 1-bedroom, 1-bath lower unit. The upper residence showcases vaulted wood-beamed ceilings, abundant natural light, and a private roof deck with ocean views. Glass sliders create seamless indoor-outdoor living. The lower unit features its own private patio with French doors—perfect for entertaining—as well as air conditioning for year-round comfort. Both units are thoughtfully updated with stainless steel appliances, cozy fireplaces, en suite primary bedrooms, double-pane windows, fresh paint, and laminate/tile flooring. Additional highlights include washer/dryer, a 2-car garage, 2 carport spaces, and a prime Newport Shores location. Live in one unit and rent the other, or maximize income with both—this property is ideal for investment, rental income, or 1031 exchange. Enjoy the best of coastal living along with award-winning schools, world-class dining, coffee spots, and entertainment—all just moments from your door.

Condition Rating
Fair
Built in 1975, this duplex has undergone thoughtful updates including stainless steel appliances, double-pane windows, fresh paint, and laminate/tile flooring, making it move-in ready. However, the kitchen cabinets and countertops, while clean, appear dated in style, likely from a renovation 15-30 years ago rather than a recent one. The bathrooms feature basic fiberglass tub/shower inserts, with one vanity showing a more recent update, but overall, they do not meet current quality standards. While functional and well-maintained, the property shows signs of being outdated in key areas, suggesting a need for minor updates to achieve a contemporary aesthetic.
Pros & Cons

Pros

Prime Coastal Location & Short-Term Rental Permit: Situated just two blocks from the beach in a prime Newport Shores location, this property offers highly desirable coastal living and the significant advantage of a rare short-term rental permit, maximizing income potential.
Versatile Investment Opportunity: The duplex structure is ideal for investors, owner-users, or 1031 exchanges, allowing for living in one unit while renting the other, or maximizing income by renting both units.
Dual Income-Generating Units: Comprising two distinct residences (a 3-bed/2-bath upper unit and a 1-bed/1-bath lower unit), the property provides flexibility for multi-generational living or robust rental income streams.
Updated Interiors & Amenities: Both units feature thoughtful updates including stainless-steel appliances, cozy fireplaces, en suite primary bedrooms, double-pane windows, fresh paint, laminate/tile flooring, and in-unit washer/dryers, enhancing tenant appeal and comfort.
Outdoor Living & Ocean Views: The upper unit boasts a private roof deck with ocean views, while the lower unit offers a private patio with French doors, providing desirable outdoor living spaces for both residents.

Cons

Partial Air Conditioning: Only the lower unit is explicitly mentioned to have air conditioning, implying the larger 3-bedroom upper unit may lack this amenity, which could be a drawback during warmer months.
Age of Building: Built in 1975, despite updates, the underlying structure is older, which may lead to higher maintenance costs or potential for unforeseen repairs compared to newer constructions.
Limited Lot Size: With a lot size of 2614 sqft, the property offers limited outdoor space beyond the existing patios and roof deck, potentially restricting expansion or extensive private yard areas.

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