128 39th Street, Newport Beach, CA 92663

$2,950,000
List Price
$2,950,000
Status
ACTIVE
MLS#
OC21246428
Year Built
1930
Lot Size
2,178
Acres
0.05
Lot Location
Level, Rectangular Lot
Days on Market
76
Property Type
Multifamily
Stories
One Level, Two Levels
Neighborhood
West Newport Beach (Wsnb)

Property Description

Opportunity is knocking! Priced significantly below recent appraised value, this adorable California Mission-style bungalow is just steps from the sand and surf in popular West Newport Beach! Completely remodeled R-2 property that can live like a single family with an upper income unit at the rear of the property. Charming three bedroom, two bath front unit accented by hardwood floors, separate dining area, upgraded kitchen and large sunny front patio with views to the water. Cozy upper two bedroom, one bath unit with open living, dining and kitchen areas highlighted by travertine 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 rent weekly in summer months and monthly during winter...the best of both worlds! A property full of possibilities for anyone wanting a carefree investment with easy access to one of the favored beaches and surf spots along the Southern California coastline.

Additional Information

Pool Description
None
Heat
Wall Furnace
Cooling Description
None
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
2
Gross Scheduled Income
$93,600
Operating Expense
25000

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Carter Kaufman from Listing Office: Compass

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.