203 Cedar Street A & B, Newport Beach, California 92663, Newport Beach, - bed, bath

home-pic
ACTIVE$2,699,000
203 Cedar Street A & B, Newport Beach, California 92663
4Beds
3Baths
1,804Sqft
2,614Lot
Year Built
1975
Close
-
List price
$2.7M
Original List price
$2.7M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25245599
Home ConditionGood
Features
Good View: Neighborhood, Peek-A-Boo
Deck
Patio
ViewNeighborhood, Peek-A-Boo

About this home

Exceptional Newport Beach Duplex – Steps from the Sand. This rare short-term rental permitted duplex presents an incredible opportunity for both investors and owner-users. Just two blocks from the beach, the property offers versatility with two distinct residences: a spacious 3-bedroom, 2-bath upper unit and a 1-bedroom, 1-bath lower unit. The upper residence showcases vaulted wood-beamed ceilings, abundant natural light, and a private roof deck with ocean views. Glass sliders create seamless indoor-outdoor living. The lower unit features its own private patio with French doors—perfect for entertaining—as well as air conditioning for year-round comfort. Both units are thoughtfully updated with stainless steel appliances, cozy fireplaces, en suite primary bedrooms, double-pane windows, fresh paint, and laminate/tile flooring. Additional highlights include washer/dryer, a 2-car garage, 2 carport spaces, and a prime Newport Shores location. Live in one unit and rent the other, or maximize income with both—this property is ideal for investment, rental income, or 1031 exchange. Enjoy the best of coastal living along with award-winning schools, world-class dining, coffee spots, and entertainment—all just moments from your door.

Price History

Date
Event
Price
10/25/25
Listing
$2,699,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (24 Listings)
Beds46
28%
Baths34
20%
Square foot1,8042,461
24%
Lot Size2,6142,614
50%
Price$2.7M$3.15M
24%
Price per square foot$1,496$1,404
64%
Built year19751965
88%
HOA
Days on market12169
4%
Condition Rating
Good

Built in 1975, this duplex has been thoughtfully updated, making it move-in ready with no immediate renovations required. Both units feature stainless steel appliances, fresh paint, double-pane windows, and a mix of laminate and tile flooring. The kitchens are clean and functional, with white cabinetry and light-colored countertops. While the style isn't ultra-modern, the updates are significant and well-maintained. One bathroom features a double vanity, indicating a more recent refresh. The property's overall condition, including the updated components and general cleanliness, aligns with the 'Good' rating, as it's well-maintained and functional, even if not extensively renovated to a contemporary standard within the last 5 years.
Pros & Cons

Pros

Prime Coastal Location: Just two blocks from the beach in Newport Shores, offering unparalleled access to coastal lifestyle, award-winning schools, world-class dining, and entertainment.
Exceptional Investment & Income Potential: A rare short-term rental permitted duplex, providing significant income opportunities for investors, owner-users, or 1031 exchange.
Versatile Dual-Unit Configuration: Features two distinct residences (3-bed/2-bath upper, 1-bed/1-bath lower) allowing for flexible living arrangements or maximized rental strategies.
Thoughtfully Updated Interiors: Both units boast modern updates including stainless steel appliances, cozy fireplaces, en suite primary bedrooms, double-pane windows, and contemporary flooring.
Ample Parking & Private Outdoor Spaces: Offers a 2-car garage, 2 carport spaces, a private roof deck with ocean views for the upper unit, and a private patio for the lower unit.

Cons

Limited Air Conditioning: Only the lower unit is specified as having air conditioning, potentially leaving the spacious upper unit without this comfort feature during warmer periods.
Limited Ocean View: While an ocean view is available from the roof deck, its 'Peek-A-Boo' nature suggests it's not a full, expansive vista, which might temper expectations for a premium oceanfront experience.
Older Construction: Despite updates, the property's 1975 build year indicates an older core structure, which could lead to higher long-term maintenance costs or require more extensive system upgrades in the future.

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