205 40th St Newport Beach, CA 92663

$3,100,000
5 beds
4 full, 1 partial
2,251 sqft
0.06 acres
$1,377 / sqft
Multi-Family

Property details

About 205 40th St

Quintessential Newport Beach home situated conveniently at the entrance to Balboa peninsula, this meticulously maintained duplex features a two story front unit with 3 bedrooms and 2.5 baths, a two car garage and an office/den. The front unit exudes stylish beach living with refinished hardwood floors, remodeled bathrooms, plush new carpet in bedrooms and pristine finishes throughout. The fresh and clean rear unit above the garage has a private separate entrance and offers 2 bedrooms, 2 full baths, a spacious living area, an interior laundry hook up and carport. Renovations completed in the last 5 years include a new underground sewer system for both units, upgraded interior plumbing and new electrical systems with updated panels, switches and outlets. Extensive exterior wood work and painting on windows, doors and stucco as well as a new garage door enhance the property’s appeal. Presented in turn key condition, this property is move in ready and is located within the top tier Newport Mesa Unified school district. Although there is excellent rental income potential, this home is ideal for a multi generational family to experience the joys of living just steps from the bay and ocean.

Highlights

Home typeDuplex
HeatingCentral, Wall Furnace
StatusActive
Size2,251 sqft
Lot size0.06 Acres
Year built1955
ParkingCovered, Garage, Tandem
MLS #NP25009636
Attached garage2 spaces
FireplaceGas, Living Room
ViewOcean

Summary

  • MLS Number: NP25009636
  • MLS Name: CRMLS
  • Office Name: Jim Jacobs Realty
  • Office Phone: (949) 345-5577
  • Listing Agent: Jason Jacobs

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 2:21:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of patio

$3,100,000

205 40th St

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Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2024$3,111,000$34,632
2023$111,356$3,062
2022$109,173$2,971
2021$107,033$2,954
2020$105,936$2,954
2019$103,859$1,565
2018$101,823$1,565
2017$99,827$1,466

History based on county public records data.

Nearby schools

7

Newport Heights Elementary School

Public District KG-6

1.1 mi

300 E 15th St

8

Newport Elementary School

Public District KG-6

1.4 mi

1327 W Balboa Blvd

4

Whittier Elementary School

Public District KG-6

1.5 mi

1800 Whittier Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $137,037. Typical income of Newport Beach, CA residents is between $100k-200k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

How much money do the neighbors make?

22%
<35k
11%
35k-100k
40%
100k-200k
27%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

69%
Single, No Kids
3%
Single, with Kids
21%
Married, No Kids
7%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

5%
<11 yrs old
3%
12-17 yrs old
50%
18-34 yrs old
35%
35-64 yrs old
7%
65+ yrs old

What do the neighbors do for fun?

  • Music ConcertsMusic Concerts
  • Art MuseumsArt Museums
  • Live TheatreLive Theatre

Where do the neighbors shop?

  • H&MH&M
  • BloomingdalesBloomingdales
  • Crate & BarrelCrate & Barrel

Where do the neighbors go to eat?

  • ChipotleChipotle
  • StarbucksStarbucks
  • Boston MarketBoston Market

What do the neighbors drive?

  • VolkswagenVolkswagen
  • AudiAudi
  • MercedesMercedes

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • NewsNews
  • AlternativeAlternative
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 205 40th St in Newport Beach, CA and zip code 92663 in the West Newport Beach neighborhood. This 2,251 square foot home, which was built in 1955, sits on a 0.06 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since January 23, 2025 and is currently priced at $3,100,000.

Newport Beach, CA housing market in December 2024 saw over 8 listings sold above listed price, more than 7 sold at listed price and over 46 sold below. The number of homes for sale in Newport Beach, CA decreased by 7.4% between November and December 2024. In December 2024 median list price was $3,526,690 and the average listing age was 54 days.

From Rocket Homes Real Estate and based on county public records data.

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