213 33rd Street, Newport Beach, California 92663, Newport Beach, 92663 - 4 bed, 2 bath
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Newport Beach, California 92663
This Prime Coastal Duplex Asset is listed at $2,695,000, representing a premium coastal opportunity near its $2,487,685 Fair Market Value. Holding a Condition Rating of 4, the units are well-maintained in their original vintage state, offering significant Value-Add Potential for forced appreciation through modernization. The property boasts a rare oversized two-car garage and sits within the prestigious Newport Elementary School (9/10) zone of the Newport Mesa Unified district. Delivered vacant, this is a high-demand rental play ideal for Buy-and-Hold Investors or Owner-Occupants seeking a beachside house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 213 33rd Street Subject | $2,695,000* List Price | 4 | 2 | 1,354 | $1,837 | - |
A 130 43rd Sold | $2,800,000 | 4 | 3 | 1,624 | $1,724 | 0.4 mi |
B 522 Clubhouse Sold | $2,160,000 | 0 | 0 | 1,167 | $1,851 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is exceptionally well-maintained and clean, but it is largely in its original or older vintage state. While the plumbing has been updated to copper and the units are move-in ready, the kitchen features dated tile countertops and older cabinetry, and the overall interior finishes are outdated compared to current market standards. It fits the 'fair' criteria as an aged home maintained through regular upkeep without a recent comprehensive renovation.
Elementary School: Newport Elementary School (9/10).
Situated just steps from the sand on the Balboa Peninsula, this property offers an exceptional walkable lifestyle with immediate access to the beach, dining, and shopping.
Delivered vacant at close of escrow, the duplex provides a clean slate for immediate market-rate leasing, a luxury renovation, or conversion into a single-family home.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2178, other record lot size in square feet = 2376. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1354, other record living area = 748. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
The individual units are relatively small at 737 and 616 square feet, which may limit the tenant pool or require creative design during future renovations.
Dating back to 1953, the property likely requires significant cosmetic and modern upgrades to achieve its maximum rental or resale value in a competitive luxury market.
Rare Newport Beach duplex opportunity at 213 33rd Street, just steps from the sand on the Balboa Peninsula. Built in 1953 with the upstairs unit added in 1960, this property has been owned by the same family since it was originally constructed. The duplex features two units, each with two bedrooms and one bathroom in very similar floor plans, providing a versatile layout ideal for investors or owner-occupants looking to offset their mortgage with rental income. The downstairs unit measures approximately 737 square feet and is a standalone space with no shared walls with the upper unit, offering a true sense of privacy along with a roughly 203 square foot patio with convenient sidewalk access. The upstairs unit is approximately 616 square feet, sits above the large garage, and features a spacious 254 square foot front deck with elevated views and natural light. Both units have copper plumbing and the underground sewer line has been relined. Both units will be delivered vacant at close of escrow, giving the buyer a clean slate to execute their vision from day one. The property carries a long history of rental income, and the units are clean and show well. A buyer can rent immediately to generate income while planning a future renovation, fully renovate both units to command premium rents in one of the most desirable coastal markets in Southern California, or even explore converting the property to a single-family residence. The oversized 565 square foot two-car garage includes laundry hookups, and additional off-street parking accommodates a full-size SUV in front of the garage door in the alley. What truly sets this property apart is the location. The Balboa Peninsula is one of the most vibrant and walkable communities in Orange County, where residents can stroll to the beach, grocery stores, shopping, restaurants, and entertainment without ever needing a car. This is a lifestyle location with year-round appeal that drives consistent tenant demand and long-term value appreciation. Properties like this rarely come to market, and the combination of a flexible floor plan, vacant delivery, and an unbeatable walkable coastal setting make this duplex an exceptional opportunity for the buyer ready to put their stamp on a prime piece of Newport Beach real estate.
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades PK-6 • 1.0 mi
Grades 7-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 47% |
| Square foot | 1,354 | 2,461 | 12% |
| Lot Size | 2,178 | 2,701 | 12% |
| Price | $2.69M | $3.30M | 12% |
| Price per sq ft | $2.0K | $1.7K | 59% |
| Built year | 1953 | 1956 | 24% |
| HOA | $0 | $0 | 50% |
| Days on market | 31 | 178 | 6% |
Mar 22, 2026
$2,695,000
Initial Listing