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207 40thNewport Beach, CA 92663

For Sale

$4,400,000

Smart Buyer Rebate $44,000

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

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License #01857997

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Pacific Sotheby's Int'l Realty

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949-306-8339

Last updated November 16, 2025

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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
  • Interior Features: Beamed Ceilings, Balcony, Ceiling Fan(s), Cathedral Ceiling(s), High Ceilings, Quartz Counters, Recessed Lighting, Multiple Primary Suites, Walk-In Closet(s)

Other

Location

  • Subdivision Name: West Newport Beach (WSNB)
  • Tax Lot: 1

Parking

Parking

  • Garage Spaces: 4
  • Garage: Yes
  • Parking Features: Garage, Tandem
  • Parking Total: 4

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Forced Air
  • Has Heating: Yes
  • Laundry Features: Inside, In Garage, Laundry Room
  • Sewer: Public Sewer
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Public

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.

Full MLS Disclaimers

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.