Tucked along the coveted Newport Beach Peninsula, this rare R-2–zoned duplex offers the ultimate coastal lifestyle—just 12 houses from the sand and within walking distance to the shops and dining of Lido Village, the amenities of The Landing Shopping Center, and the vibrant activity of Balboa Harbor. With R-2 zoning that permits Short-Term Lodging (property is eligible to apply for a permit), the property is as compelling for investment as it is for personal enjoyment. The upper unit lives like a private retreat, offering a spacious full kitchen, in-unit laundry, and three bedrooms—each with its own en suite bath—ideal for long-term living or premium rental opportunities. The lower unit is equally inviting with three bedrooms, two baths, and an open living area that flows seamlessly through sliding doors to a private outdoor patio. A two-car garage with laundry completes the lower level, providing both convenience and functionality. With its prime location, versatile layout, and short-term lodging potential, this property is a rare find—blending the best of lifestyle and investment in the heart of Newport Beach.
Sold for $3,050,000 on 11/04/25
Listing Provided by:
Heather Kidder DRE #01187466 949-238-6000,
Arbor Real Estate,
Sara Taylor DRE #01764056,
Arbor Real Estate
Bought with: Alliance Investment RE Group
$3,050,000
126 31st St, Newport Beach, CA 92663
6beds
2,461sqft
Duplex
Built in 1972
2,178 Square Feet Lot
$2,700,300 Zestimate®
$1,239/sqft
$5,532 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 04, 2025 at 12:16pm
Listing Provided by:
Heather Kidder DRE #01187466 949-238-6000,
Arbor Real Estate,
Sara Taylor DRE #01764056,
Arbor Real Estate
Bought with:
Ruben Khorsandi, DRE #01085411
Alliance Investment RE Group
Source: CRMLS,MLS#: NP25229658
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
- Main level bathrooms: 2
- Main level bedrooms: 3
Bathroom
- Features: Separate Shower, Tub Shower
Kitchen
- Features: Kitchen/Family Room Combo, Stone Counters
Heating
- Central
Cooling
- None
Appliances
- Included: Gas Oven, Gas Range, Microwave, Refrigerator
- Laundry: Inside, In Garage, Upper Level
Features
- Breakfast Bar, Ceiling Fan(s), Open Floorplan, Stone Counters, Recessed Lighting
- Flooring: Stone
- Doors: Sliding Doors
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: End Unit,No Common Walls
Interior area
- Total interior livable area: 2,461 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Accessibility
- Accessibility features: No Stairs
Features
- Levels: Two
- Stories: 2
- Entry location: 1/2
- Pool features: None
- Spa features: None
- Fencing: Wood
- Has view: Yes
- View description: Ocean, Peek-A-Boo
- Has water view: Yes
- Water view: Ocean
Lot
- Size: 2,178 sqft
- Features: Corner Lot
Details
- Parcel number: 04708201
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Patio Home
- Property subtype: Duplex
Materials
- Foundation: Slab
- Roof: Composition,Shingle
Condition
- New construction: No
- Year built: 1972
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Biking, Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks
Location
- Region: Newport Beach
- Subdivision: Balboa Peninsula (Residential) (Balp)
Other
Other facts
- Listing terms: Cash,Cash to New Loan
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Estimated market value
$2,700,300