213 41st Street, Newport Beach, California 92663, Newport Beach, 92663 - 6 bed, 4 bath
ACTIVE$3,250,000
213 41st Street, Newport Beach, California 92663
6Beds
4Baths
3,266Sqft
2,439Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Newport Elementary School (9/10).
Top Cons:
Property Age: Built in 1950, the property, despite updates, may have underlying infrastructure (e.g., plumbing, electrical) that could require significant future investment.
Compared to the nearby listings
Price:$3.25M vs avg $3.20M (+$50,000)56%
Size:3,266 sqft vs avg 2,440 sqft88%
Price/sqft:$995 vs avg $1.5K4%
More Insights
Built in 1950 (75 years old).
Condition: The property, built in 1950, was 'updated approximately 10 years ago' and is described as 'extremely well maintained.' This aligns with the 'Good' criteria for properties extensively renovated within 5 to 15 years, suggesting it is move-in ready with well-maintained systems. The exterior images show a clean and well-kept facade. However, without interior images, particularly of the kitchen and bathrooms, a detailed assessment of internal finishes, appliances, and fixtures is not possible. The original build year of 1950, despite updates, suggests that some underlying older infrastructure might still be present, which prevents an 'Excellent' rating.
Year Built
1950
Close
-
List price
$3.25M
Original List price
$3.25M
Price/Sqft
$995
HOA
-
Days on market
-
Sold On
-
MLS number
NP25078074
Home ConditionGood
Features
Good View: Canal, Neighborhood
ViewCanal, Neighborhood
About this home
Located just 2 Blocks from the sunny beaches of West Newport and one house from the Canals, this extremely well maintained, prime corner duplex is the perfect income generator. Consisting of 2 units, upstairs and downstairs, both are 3 bedrooms and 2 baths that share an attached garage accessible to the upper residence. Updated approximately 10 years ago, there are currently long-term tenants producing immediate return. The highly desirable Balboa Peninsula neighborhood is centrally located and loaded with amenities at nearby Lido Marina Village, the Newport Pier and boardwalk including grocery stores, restaurants, parks and beaches all within walking distance.
Nearby schools
8/10
Newport Heights Elementary School
Public,•K-6•1.2mi
9/10
Newport Elementary School
Public,•PK-6•1.3mi
7/10
Horace Ensign Intermediate School
Public,•7-8•1.2mi
7/10
Newport Harbor High School
Public,•9-12•1.4mi
Condition Rating
Good
The property, built in 1950, was 'updated approximately 10 years ago' and is described as 'extremely well maintained.' This aligns with the 'Good' criteria for properties extensively renovated within 5 to 15 years, suggesting it is move-in ready with well-maintained systems. The exterior images show a clean and well-kept facade. However, without interior images, particularly of the kitchen and bathrooms, a detailed assessment of internal finishes, appliances, and fixtures is not possible. The original build year of 1950, despite updates, suggests that some underlying older infrastructure might still be present, which prevents an 'Excellent' rating.
Pros & Cons
Pros
Great Schools: Elementary School: Newport Elementary School (9/10).
Exceptional Coastal Location: Located just two blocks from West Newport beaches and one house from the Canals, with walking distance to Lido Marina Village, Newport Pier, and various amenities, offering premium lifestyle appeal.
Strong Income-Generating Potential: A prime corner duplex with two 3-bedroom, 2-bathroom units and existing long-term tenants provides immediate and stable rental income.
Desirable Duplex Configuration: Consisting of two spacious 3-bedroom, 2-bathroom units, this configuration is highly attractive for renters, maximizing rental income and property appeal.
Well-Maintained & Recently Updated: Described as 'extremely well maintained' and 'updated approximately 10 years ago,' suggesting reduced immediate capital expenditure for a new owner.
Corner Lot with Canal Proximity: A prime corner lot offers potential for better light and privacy, complemented by canal views and immediate proximity to the water.
Cons
Property Age: Built in 1950, the property, despite updates, may have underlying infrastructure (e.g., plumbing, electrical) that could require significant future investment.
Limited Lot Size: At 2,439 sqft, the lot is relatively small for a duplex, potentially limiting outdoor space or future expansion opportunities.
Potential for Below-Market Rents: While providing immediate income, long-term tenants might be on leases with rents below current market rates, potentially limiting immediate income optimization for a new owner.