UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,760 sqft
Price per Sqft $1,601
Subdivision West Newport Beach (Wsnb)
MLS Listing ID OC26206141
Bedrooms 10
Full Baths 10
Half Baths 2
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 2023
Lot Size 4,051 Sqft
Property Sub-Type Duplex
Property Description
506 was well thought out, offering en-suite bedrooms, inviting fireplaces, and expansive sliding glass doors that create a seamless connection between indoor and outdoor spaces. Private balconies extend from the primary suites and main living areas, while expansive rooftop decks with east and west exposures provide the perfect setting for entertaining, enjoying the ocean breeze, and taking in spectacular coastal sunsets.
Live in one and generate income from the other, maintain a combination of short- and long-term rentals, or operate the property entirely as an investment—the flexibility here is exceptionally difficult to replicate in Newport Beach.
Unit A holds a coveted Newport Beach short-term rental permit and has demonstrated impressive rental performance. From January through May 2026, Unit A generated approximately $150,000 in gross rental revenue. Summer is traditionally an even stronger rental period, with June through August historically generating approximately $28,000 per month in net income.
Unit B is currently leased at $15,000 per month under a two-year lease, providing the property with an established long-term income stream alongside Unit A's short-term rental potential.
For an owner-user, the opportunity is equally compelling: occupy one luxury residence while the neighboring unit produces significant income. For an investor, the combination of an existing long-term lease, an active short-term rental permit, and two nearly new luxury residences creates multiple avenues for income and long-term value.
The location completes the offering. Enjoy immediate access to the best of Newport Beach, from the marina and beaches to the acclaimed shopping and dining of Lido Marina Village, with Balboa Pier, the Balboa Fun Zone, waterfront restaurants, and the energy of the peninsula all just minutes away.
Each residence also features central air and heating, private laundry, and its own two-car tandem garage, providing the conveniences expected from newly constructed luxury coastal residences.
Rare Opportunity!
Location
State CA
County Orange
Area N8 - West Newport - Lido
Interior
Interior Features Breakfast Bar, Built-in Features, High Ceilings, Quartz Counters, Recessed Lighting, Tandem, All Bedrooms Up, Walk-In Closet(s)
Heating Central
Cooling Central Air
Fireplaces Type Living Room, Primary Bedroom, Outside
Fireplace Yes
Appliance Barbecue, Dishwasher, Gas Oven, Microwave, Refrigerator
Laundry Laundry Room
Exterior
Exterior Feature Barbecue, Lighting, Rain Gutters
Parking Features Garage, Garage Faces Rear, Tandem
Garage Spaces 4.0
Garage Description 4.0
Fence Stucco Wall
Pool None
Community Features Curbs, Dog Park, Fishing, Storm Drain(s), Street Lights, Suburban, Sidewalks
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Waterfront Description Ocean Side Of Freeway,Ocean Side Of Highway
View Y/N Yes
View City Lights, Marina, Neighborhood, Ocean
Roof Type Metal
Porch Concrete, Front Porch, Rooftop
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre, Street Level
Dwelling Type Duplex
Story 3
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Custom
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled,Turnkey
Schools
School District Newport Mesa Unified
Others
Senior Community No
Tax ID 42310108
Security Features Carbon Monoxide Detector(s),Fire Sprinkler System,Smoke Detector(s)
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Virtual Tour https://media.bowmangroupmedia.com/videos/01a0c54e-6b1a-73d1-8547-c6c3db7866e7
NEARBY SCHOOLS & PROPERTIES
GET MORE INFORMATION
Broker License ID: 01814964