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

home-pic
ACTIVE$3,395,000
107 23rd, Newport Beach, California 92663
0Bed
0Bath
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
NP25239762
Home ConditionFair
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 are of unit 2, which has been remodeled/updated

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)
Beds06
Baths04
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
Fair

The property was built in 1958, making it 66 years old. While the listing explicitly states that 'Photos are of unit 2, which has been remodeled/updated,' implying the other three units are not in the same condition, the shown unit (Unit 2) features a modern kitchen with dark shaker cabinets, stainless steel appliances, and updated countertops, along with a contemporary bathroom with subway tile and a modern vanity. However, the overall building exterior appears aged, and the general condition of the other units is unknown but likely older. Given the age of the building and the partial renovation (only one unit shown as updated), the property as a whole requires minor updates or repairs to bring all units to a consistent, modern standard, aligning with a 'Fair' condition.
Pros & Cons

Pros

Prime Coastal Location: Unbeatable location steps from the iconic Newport Beach Pier and Blackies Beach, offering immediate access to world-class surfing, dining, and nightlife, making it highly desirable for residents and tourists.
Significant Investment & Income Potential: A rare four-unit mixed-use property providing immediate rental income from four 1-bedroom, 1-bath units, with substantial growth potential in a high-demand market.
Flexible Development Opportunities: Mixed-use zoning on a 3,250 sqft lot offers diverse potential for future expansion, updating, or conversion into a family compound, maximizing long-term value.
Rare Market Offering: Available for the first time in 85 years, this property represents a unique and historic acquisition opportunity in a tightly held Newport Beach market.
Valuable Amenities: One unit features refreshing water views, and the property includes four (or more) designated carport spaces plus additional storage, a significant advantage in a beach community.

Cons

Age and Condition of Unspecified Units: Built in 1958, and with only one unit explicitly stated as remodeled, the other three units likely require significant updates or renovations to meet modern standards and maximize rental income.
Small Unit Sizes: All four units are relatively small at approximately 535 sqft each (1-bedroom, 1-bath), which may limit the tenant demographic or potential rental rates compared to larger properties.
Potential for Extensive Renovation Costs: Given the property's age and partial renovation, a new owner should anticipate substantial capital expenditure to fully modernize all units or to execute on the property's development potential.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State