Rare Investment Opportunity in Newport Shores! This fully occupied duplex, just two blocks from the beach and iconic surf, is a prime find for savvy investors. Each impeccably designed unit features 3 bedrooms and 2 bathrooms, offering exceptional value in one of Newport Beach's most coveted coastal communities. Recent upgrades, including new exterior paint, flooring, bathrooms, and kitchens in both units, elevate the property's appeal and rental potential. Open floor plans, abundant natural light, spacious rooms, and decks and patios perfect for enjoying the ocean breeze make these units highly desirable. The lower unit (A) boasts new vinyl plank flooring, a spacious patio, and stainless appliances, while the upper unit (B) showcases newer flooring, cathedral ceilings, and two decks, one with blue water views. In addition, the duplex includes 3-car garage parking and shared laundry facilities. Professionally managed for years with meticulous attention to maintenance and support, this property offers a seamless revenue opportunity with tenants in leases through July 2025. Don't miss out on this excellent opportunity to invest in Newport Beach.
Property Details
Property Features
Property Information:
Year Built: 1972
Stories: 2
Living Area: 2,374 SqFt
Listing Office:
Office Name: Compass
Office Phone: (949) 378-6200
Listing Agent: Tori Rimlinger
Interior Features
Interior Information:
Appliances: Range, Dishwasher, Refrigerator
Interior: Bedroom on Main Level, Main Level Primary, Primary Suite
Fireplace: None
Bedroom and Bathroom Information:
Full Bathrooms: 4
Total Bedroom Count: 6
Exterior Features
Exterior Information:
Private Pool: No
View: Neighborhood, Ocean
Parking Information:
Garage Space: 3 spaces
Attached Garage: Yes
Parking: Garage
Lot Features
Lot Information:
Lot: Level
Lot Size: 0.06 Acres
Utilities
Utilities Information:
Cooling: None
Other
Directions Information:
Directions: Pacific Coast Highway to Walnut Street
Price Information
Listing Price Info
Price Summary:
List Price: $3,095,000
Price Per SqFt: $1,304/SqFt
Tax Information:
Annual Amount: $1,945
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Newport Beach, CA.
This property is $405K less than the Median Sold Price and $122/SqFt less than other homes in Newport Beach, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #NP24160191
Listing Office:
Office Name: Compass
Office Phone: (949) 378-6200
Listing Agent: Tori Rimlinger
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: 12/18/2024, 4:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$1,945
$136,735
2020
$1,925
$135,333
2019
$1,862
$132,680
2018
$1,862
$130,079
2017
$1,831
$127,529
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Whittier Elementary School
1800 Whittier Ave
Distance between this listing and this school1.10 miles
Public District Grades KG-6
9
/10
John H. Eader Elementary School
9291 Banning Ave
Distance between this listing and this school1.44 miles
Public District Grades KG-5
5
/10
Victoria Elementary School
1025 Victoria St
Distance between this listing and this school1.74 miles
Public District Grades KG-6
Nearby Schools
8
/10
Ensign Intermediate School
2000 Cliff Dr
Distance between this listing and this school2.01 miles
Public District Grades 7-8
7
/10
Isaac L. Sowers Middle School
9300 Indianapolis Ave
Distance between this listing and this school2.69 miles
Public District Grades 6-8
8
/10
Talbert (Samuel E.) Middle School
9101 Brabham Dr
Distance between this listing and this school3.87 miles
Public District Grades 6-8
Nearby Schools
9
/10
Edison High School
21400 Magnolia St
Distance between this listing and this school1.98 miles
Public District Grades 9-12
7
/10
Newport Harbor High School
600 Irvine Ave
Distance between this listing and this school2.18 miles
Public District Grades 9-12
6
/10
Estancia High School
2323 Placentia Ave
Distance between this listing and this school2.33 miles
The neighbors living near this home have an average income of $121,032. Typical income of Newport Beach, CA residents is between $100k-200k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
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This home is located at 209 Walnut St in Newport Beach, CA and zip code 92663. This 2,374 square foot home, which was built in 1972, sits on a 0.06 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since August 09, 2024 and is currently priced at $3,095,000.
In November 2024 more than 9 listings in Newport Beach, CA were sold above the asking price. During the same period more than 14 listings were sold at asking price, while more than 48 were sold below. In November 2024 in Newport Beach, CA there were 2.5% less homes for sale than in October 2024. The median list price of listings available in November 2024 was $3,500,000, while the average time on the real estate market was 43 days.
From Rocket Homes Real Estate and based on county public records data.
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. 
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