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204 44th Street Newport Beach, CA 92663
$6,299,000 6 beds, 6 baths
4, 000 sqft
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INVESTOR ALERT**TWO SIDE BY SIDE STAND-ALONE Modern Cape Cod homes with 2 Highly Coveted TRANSFERABLE SHORT TERM RENTAL PERMITS* The wait list on these permits are long. Currently there are over 600 applicants on the list and people have waited for years and may not even get one. We have TWO. There are some areas that are not zoned for short term rentals so if you own in those areas, you will not be able to get a permit. **Main House:** - **Size:** 2,700 sqft - **Layout:** 4 Bedrooms, 4 Bathrooms - **Highlights:** Spacious, open-concept living areas, gourmet kitchen, luxurious primary suite with a private beach view deck. The front house boasts a cool industrial roll-up glass door that opens up the home to your private front patio. **Second House:** - **Size:** 1,300 sqft - **Layout:** 2 Bedrooms + Loft, 2 Bathrooms - **Highlights:** Cozy yet modern design, additional living space ideal for guests or extended family, and a versatile loft area. **Additional Features:** - **Short-Term Rental Permits:** 2 Transferable STR permits. Waits for permits as long as 3 years. - **Parking:** 4-car garage - **Furnishing:** Both homes are fully furnished and move-in ready - **Turnkey Business:** Professionally managed with projected revenue of $275,000 annually - **Custom Local Art:** Walls adorned with unique local artwork included - **Outdoor Gear:** Paddle boards and surf gear included - **Artistic Flair:** Cool custom mural painted by a renowned local artist - **Prime Location:** Steps to the bay for launching your SUPs and just a block from Tower 44 Beach - **Outdoor Amenities:** Private outdoor shower between both homes - **Entertainment Space:** Entertainer's outdoor front patio lounge reminiscent of a beach club vibe in the Hamptons - **Unique Features:** A spiral staircase leads you to the third-floor upper-level bedroom suite with a private bathroom and access to the outdoor deck - **Private Entrances:** Homes have multiple private entrances - **Rental Flexibility:** The homes can be rented individually or as one home for large groups This property is more than just a home; it's a lucrative investment opportunity, professionally managed. An investor packet detailing the breakdown of revenue and expenses is available. Whether you're looking for a luxurious family residence, an income-generating property OR BOTH, 204 44th Street offers unparalleled potential and value.

Listing Details

Property type: Duplex (Single Family)
Status: Active
MLS# OC24204441
List price is $6,299,000 Reduced by $200,000 on 3/3/2025
HOA Fee is $0.00
Beds: 6
Baths: 6 (5 full)
Living Room fireplaces
Built in 1983
4,000 sqft
0.07 acres
Lot size: 0.0700
Subdivision: Balboa Peninsula (Residential) (BALP)
County: Orange
Interior features: All Bedrooms Up,All Bedrooms Down,Bedroom on Main Level,Loft
Lot description: TwoToFiveUnitsAcre
Heating/cooling: Central Air
Heating description: Central
MLS area: NP - Balboa Peninsula

Last Updated: 6/8/2025

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This listing belongs to the NP - Balboa Peninsula MLS area

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Lat/Long: 33.620666, -117.937637.
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Listing Agent: Khan Varnishung
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National:

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Lic#: 01276603

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18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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