107 23rd, Newport Beach, California 92663, Newport Beach, - bed, bath

home-pic
ACTIVE$3,395,000
107 23rd, Newport Beach, California 92663
4Beds
4Baths
2,140Sqft
3,250Lot
Year Built
1958
Close
-
List price
$3.4M
Original List price
$3.4M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25239731
Home ConditionGood
Features
Good View: Water
Patio
ViewWater

About this home

A Rare Newport Beach Investment Opportunity! The Newport Beach Pier, a true landmark, has been a destination for locals as well as those from afar for decades and for the first time in 85 years, this fabulous mixed-use, four-unit property is available in the heart of Newport Beach, steps from the iconic pier and Blackies Beach. Offering a unique blend of historic, coastal charm and modern potential, this property is perfect for investors seeking immediate rental income or have a long-term development plan. If you’re a family in search of a vacation property, you’ve found your seaside retreat. All four units are 1-bedroom, 1-bath, each approximately 535 sqft, with one unit featuring refreshing water views. Totaling 2,140 sqft of improvement space on a 3,250 sqft lot, the property offers ample flexibility. Zoned for mixed-use, the potential for future development or conversion is diverse, whether you're considering expanding, updating, or even creating a family compound near the beach. Four (or more) designated carport spaces plus additional storage, along with the property's proximity to world-class surfing, dining, and nightlife, make this a prime destination for both tenants and future residents. Don’t miss this rare chance to own a piece of Newport Beach history, with substantial growth potential and many possibilities for personal or investment use. Photos here are of unit 2.

Nearby schools

8/10
Newport Heights Elementary School
Public,K-60.6mi
9/10
Newport Elementary School
Public,PK-60.7mi
7/10
Horace Ensign Intermediate School
Public,7-81.0mi
7/10
Newport Harbor High School
Public,9-121.3mi

Price History

Date
Event
Price
10/15/25
Listing
$3,395,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (24 Listings)
Beds46
28%
Baths44
50%
Square foot2,1402,461
28%
Lot Size3,2502,614
80%
Price$3.4M$3.2M
56%
Price per square foot$1,586$1,404
72%
Built year19581963
32%
HOA
Days on market21168
4%
Condition Rating
Good

The property was built in 1958, but the interior of the unit shown (Unit 2) has undergone recent updates. The kitchen features modern dark shaker cabinets, stainless steel appliances (refrigerator, range, dishwasher), and clean, light-colored countertops. The bathroom also appears updated with a contemporary vanity. New grey wood-look laminate flooring is installed throughout the living areas and bedroom, and the walls are freshly painted. These updates make the unit move-in ready with no immediate renovations required, fitting the criteria for a 'Good' score, indicating an extensive renovation within the last 5-15 years, despite the older building structure.
Pros & Cons

Pros

Prime Coastal Location: Unbeatable location in the heart of Newport Beach, steps from the iconic Newport Beach Pier and Blackies Beach, offering exceptional walkability and desirability.
Income-Generating Quadruplex: A four-unit residential income property (quadruplex) providing immediate rental income, ideal for investors seeking consistent cash flow.
Mixed-Use Zoning & Development Potential: Zoned for mixed-use, offering significant flexibility for future expansion, conversion, or creating a family compound, maximizing long-term value.
Rare Investment Opportunity: A unique chance to acquire a historic property, available for the first time in 85 years, in a high-demand coastal market with substantial growth potential.
Ample Parking & Lifestyle Amenities: Features four or more designated carport spaces, a significant advantage in a beach area, coupled with proximity to world-class surfing, dining, and nightlife.

Cons

Age of Property: Built in 1958, the property may require significant updates to systems, infrastructure, and aesthetics to meet modern standards and tenant expectations.
Small Unit Sizes: Each of the four units is approximately 535 sqft, which could be considered small, potentially limiting rental rates or appeal to certain tenant demographics.
Limited Water Views: Only one of the four units features water views, meaning the majority of the property does not fully capitalize on its prime coastal proximity for scenic vistas.

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