121 42nd ST Newport Beach, CA 92663

121 42nd Street is a 2-unit multifamily investment property located in Newport Beach, one of the premier coastal housing markets in Southern California. Built in 1964, 121 42nd Street offers investors the opportunity to capitalize on these strong market trends that should increase rental income by approximately 147 percent. Situated on a 0.06-acre lot, the 2,748 square foot property consists of three- and four-bedroom floor plans averaging 1,374 square feet. 121 42nd offers garage parking, large balconies, and direct access to the beach. Located just steps from the beach, residents of 121 42nd Street live within close proximity to the shops, bars, and restaurants on Balboa Peninsula and Pacific Coast Highway. The property is also located near Hoag Hospital Newport Beach, one of the largest employers of Newport Beach.