Living large at 207 40th Street. Two units available, sold separately or together, each with a coveted active short-term lodging permit (yes, 2-short term permits) fully transferable to the new owner. Totally remodeled and professionally furnished, this property is ready to enjoy from day one as a getaway, family beach pad, or high income-generating rental. The interior is styled in a coastal urban-chic aesthetic with light wood accents and beach-inspired tones. With a 2-bedroom, 2-bath downstairs unit that is light, bright, and built for the beach lifestyle, including a private primary ensuite and front patio that sets the tone with a built-in bar, al fresco café window, BBQ, and dining area perfect for gathering after the beach or bay. The Upstairs unit is a 3-bedroom, 2-bath designed with dramatic vaulted ceilings throughout, including a spacious primary suite with private patio. Additional highlights for both units include air conditioning, a private outdoor shower and two tandem parking spaces in the oversized 4-car garage. Everything you need is already here from the furnishings to the beach gear making this an easy, turn-key operation. Located just 11 houses from the sand and 4 houses from the bay in one of Newport Beach’s most consistently desirable zones of the Newport Peninsula.
Listed by Nicolai Glazer
·
License #01857997
·
Pacific Sotheby's Int'l Realty
·
949-306-8339
Last updated November 16, 2025
·
Source: CRMLS #NP25253083
Listing Facts
TypeMulti-family
NeighborhoodWest Newport Beach
Days on Prevu14
Amenities
Dishwasher
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
11/05/2025
Listed by Pacific Sotheby's Int'l Realty
$4,400,000
Property Details for 207 40th
Association
Amenities
Community Features: Curbs, Gutter(s), Street Lights, Sidewalks
Exterior
Construction
Number Of Units Total: 2
Property Condition: Turnkey
Stories: 2
Stories Total: 2
Window Features: Double Pane Windows, Skylight(s)
Year Built: 1983
Common Walls: No Common Walls
Entry Level: 1
Entry Location: Side of property
Features
View: Neighborhood
Measurements
Building Area Total: 2,001
Building Area Units: Square Feet
Lot Features: 0-1 Unit/Acre
Lot Size Acres: 0.05
Lot Size Area: 2,431
Lot Size Source: Assessor
Lot Size Square Feet: 2,431
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 4.1
Operating Expense: $59,114.00
Taxes
Parcel Number: 93394019
Interior
Features
Appliances: Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator
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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.