2 ACTIVE SHORT TERM LODGING PERMITS- Presenting a rare investment opportunity on Newport Beach’s Balboa Peninsula, this stylish duplex offers both versatility and value, featuring two coveted short-term lodging permits, one for each unit—a sought-after asset. Located on the ocean side of Balboa Boulevard, this property provides quintessential coastal living with close access to the sand and surf. The lower unit, a charming 2-bedroom, 2-bath retreat, offers comfortable, perfect for beachside relaxation. Upstairs, the 3-bedroom, 2-bath unit boasts soaring, beamed ceilings, adding a sense of openness and architectural character. The upper unit’s inviting living room extends to a private deck where ocean views enhance the outdoor space, making it ideal for alfresco dining or sunset relaxation. A second private deck off the primary bedroom allows for a quiet escape, bathed in the ocean breeze. Completing the property is a spacious four-car garage, a rare convenience on the Peninsula, providing ample parking or storage for beach gear and more. This Balboa Peninsula duplex not only provides flexible living arrangements but also captures the essence of coastal charm—perfect for a primary residence, vacation retreat, or rental income opportunity in one of Southern California’s most desirable beachfront communities.
Sold for $3,345,000
Listed by: Berkshire Hathaway Homeservice • Carter Weir • Contact: 949-723-7080
Bought with: NONMEMBER MRML
$3,345,000
122 44th St, Newport Beach, CA 92663
5beds
4baths
1,903sqft
Duplex
Built in 1980
-- sqft lot
$-- Zestimate®
$1,758/sqft
$7,322 Estimated rent
Home value
Not available
Estimated sales range
Not available
$7,322/mo
Zestimate® history
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Soaring beamed ceilings
Zillow last checked:
Listing updated:
Listed by:
Carter Weir DRE #01455381 949-795-2222,
Berkshire Hathaway Homeservice,
Susan Weir DRE #01109388,
Berkshire Hathaway Homeservice
Bought with:
General NONMEMBER, DRE #01028135
NONMEMBER MRML
Source: CRMLS,MLS#: NP24234889
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Rooms
- Room types: Family Room, Kitchen, Primary Bathroom, Primary Bedroom
Heating
- Fireplace(s)
Cooling
- None
Appliances
- Included: Electric Range, Microwave
- Laundry: Laundry Closet
Features
- Beamed Ceilings, Balcony, Ceiling Fan(s), High Ceilings, Storage
- Flooring: Carpet, Tile
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,903
- Total interior livable area: 1,903 sqft
Property
Parking
- Total spaces: 4
- Parking features: Door-Single, Garage, Garage Faces Rear, Tandem
- Garage spaces: 4
Accessibility
- Accessibility features: Low Pile Carpet
Features
- Levels: Two
- Stories: 2
- Entry location: Side
- Pool features: None
- Spa features: None
- Fencing: Stucco Wall,Vinyl
- Has view: Yes
- View description: Ocean, Peek-A-Boo
- Has water view: Yes
- Water view: Ocean
- Waterfront features: Beach Access, Ocean Access
Lot
- Size: 2,614 Square Feet
- Features: Level, Paved
Details
- Parcel number: 42302205
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Duplex
Materials
- Foundation: Slab
Condition
- New construction: No
- Year built: 1980
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks
- Subdivision: Balboa Peninsula (Residential) (Balp)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $1,758/sqft
- Tax assessed value: $721,729
- Annual tax amount: $8,471
- Date on market: 11/15/2024
- Cumulative days on market: 63 days
- Listing terms: Cash,Conventional
- Road surface type: Alley Paved, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 3/26/2025 | Sold | $3,345,000-4.3%$1,758/sqft |
Source:  CRMLS #NP24234889 Report a problem | ||
| 3/21/2025 | Pending sale | $3,495,000$1,837/sqft |
Source: CRMLS #NP24234889 Report a problem | ||
| 2/22/2025 | Contingent | $3,495,000$1,837/sqft |
Source: CRMLS #NP24234889 Report a problem | ||
| 2/12/2025 | Listed for sale | $3,495,000+4560%$1,837/sqft |
Source: CRMLS #NP24234889 Report a problem | ||
| 10/10/1997 | Sold | $75,000$39/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,471 +6% | $721,729 +2% |
| 2024 | $7,992 +2.5% | $707,578 +2% |
| 2023 | $7,801 +1.8% | $693,704 +2% |
| 2022 | $7,666 +1.9% | $680,102 +2% |
| 2021 | $7,522 +1% | $666,767 +1% |
| 2020 | $7,449 | $659,931 +2% |
| 2019 | $7,449 +2% | $646,992 +2% |
| 2018 | $7,303 +3.8% | $634,306 +2% |
| 2017 | $7,036 | $621,869 +2% |
| 2016 | $7,036 +2.2% | $609,676 +1.5% |
| 2015 | $6,882 +3.4% | $600,519 +2% |
| 2014 | $6,656 | $588,756 +0.5% |
| 2013 | -- | $586,096 +2% |
| 2012 | -- | $574,604 +2% |
| 2011 | -- | $563,338 +0.8% |
| 2010 | -- | $559,128 -0.2% |
| 2009 | -- | $560,457 +2% |
| 2008 | -- | $549,468 +2% |
| 2007 | -- | $538,695 +2% |
| 2006 | -- | $528,133 +2% |
| 2005 | -- | $517,778 +2% |
| 2004 | -- | $507,626 +1.9% |
| 2003 | -- | $498,323 +2% |
| 2002 | -- | $488,552 +2% |
| 2001 | $4,919 +2.6% | $478,973 +2% |
| 2000 | $4,794 | $469,582 |
Find assessor info on the county website
Neighborhood: 92663
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GreatSchools rating
- 8/10Newport Elementary SchoolGrades: K-6Distance: 1.5 mi
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- California
- Orange County
- Newport Beach
- 92663
- 122 44th St
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