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128 39th Street

Newport Beach, CA 92663
  • $2,950,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: OC21246428
UPDATED: 96 min ago
$2,950,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

Listing provided courtesy of Carter Kaufman of Compass and Jeremiah Wisdom of Compass

Description

Opportunity is knocking! Priced significantly below recent appraised value, this adorable California Mission-style bungalow is just steps from thesand and surf in popular West Newport Beach! Completely remodeled R-2 property that can live like a single family with an upper income unit atthe rear of the property. Charming three bedroom, two bath front unit accented by hardwood floors, separate dining area, upgraded kitchen andlarge sunny front patio with views to the water. Cozy upper two bedroom, one bath unit with open living, dining and kitchen areas highlighted bytravertine stone floors, granite counters and custom tile work throughout. Adjoining terrace perfect for al fresco dining and taking in the sights!There is also a separate inside laundry area for both units and a large two car attached garage. With a solid vacation rental history in excess of$100k per year this is a great income opportunity equally well-suited for an owner to enjoy as a weekend retreat at the beach. Alternatively rentweekly in summer months and monthly during winter...the best of both worlds! A property full of possibilities for anyone wanting a carefreeinvestment with easy access to one of the favored beaches and surf spots along the Southern California coastline.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T21:29:04.5. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/123196197
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128 39th Street Newport Beach, CA 92663

  • Price: $2,950,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 96 min ago
  • ID#: OC21246428
0
Beds
0
Baths
0
½ Baths
0.05
Acres
1930
Built
Neighborhood:
West Newport Beach (Wsnb)
County:
Orange
Area:
N8 - West Newport - Lido
Property Description
Opportunity is knocking! Priced significantly below recent appraised value, this adorable California Mission-style bungalow is just steps from thesand and surf in popular West Newport Beach! Completely remodeled R-2 property that can live like a single family with an upper income unit atthe rear of the property. Charming three bedroom, two bath front unit accented by hardwood floors, separate dining area, upgraded kitchen andlarge sunny front patio with views to the water. Cozy upper two bedroom, one bath unit with open living, dining and kitchen areas highlighted bytravertine stone floors, granite counters and custom tile work throughout. Adjoining terrace perfect for al fresco dining and taking in the sights!There is also a separate inside laundry area for both units and a large two car attached garage. With a solid vacation rental history in excess of$100k per year this is a great income opportunity equally well-suited for an owner to enjoy as a weekend retreat at the beach. Alternatively rentweekly in summer months and monthly during winter...the best of both worlds! A property full of possibilities for anyone wanting a carefreeinvestment with easy access to one of the favored beaches and surf spots along the Southern California coastline.
Exterior Features

Lot Features LevelRectangular Lot Number Of Separate Electric Meters 2 Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Storm Drain(S)Street LightsSuburbanSidewalks Garage YN Yes Gross Income 93600 Gross Scheduled Income 93600 Insurance Expense 4000 Land Lease YN No Laundry Features Laundry Room Levels OneTwo Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 68600 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Operating Expense 25000 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 600 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T21:29:04.5. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing provided courtesy of Carter Kaufman of Compass and Jeremiah Wisdom of Compass