119 39th Street A & B Newport Beach, CA 92663

Duplex

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Price Change History

Current Price: $2,925,000

Original Price: $

$2,925,000
Property TypeDuplex
Garage2
PoolNo
Price per SqFt$1360
Lot Size2,298 SqFt
Year Built1929
Communitywest newport beach (wsnb)
MLS#OC18068995
Listing StatusActive
Days on Market24

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COMMENTS

This charming Spanish-style beach compound is located steps from the sand and surf. Structured as a duplex with two individual buildings and a separate studio apartment, each unit comes fully furnished with the household amenities included. The front house, built in 1929, was renovated in 2015 and provides 3 bedrooms, 2 bathrooms in approximately 1, 000 SF of living space on two levels. The modern galley kitchen has granite countertops and Thermador appliances and opens to the great room and friendly front courtyard where you can enjoy the warm weather and people-watching. The back unit, built in 1958, is comprised of an 800 SF upper unit with 2 bedrooms and 1 bathroom and full kitchen, while on the lower level is the studio apartment (non-conforming) with wet bar, refrigerator, and microwave. The compound houses a total of 6 bedrooms and 4 bathrooms in 3 units totaling ~2, 150 SF. The spacious two-car garage with 3rd off-street parking space has full-sized, coin-operated laundry units and is easily accessed from the wide back alley. Both houses have new windows and the entire property has been exceptionally well-maintained. This is a great opportunity for a turn-key vacation rental investment or a cozy beach home with plenty of room for guests. (With the historical 2017 net income of ~$80, 000, the cap rate is 2.7%; with the pro forma annual net income of $174, 400, the cap rate is 5.9%. Cap rate was lower in 2017 due to renovations that prevented a full rental schedule.)

Property Features

  • Property Type: Duplex
  • Community: west newport beach (wsnb)
  • Price per Sqft: $1360
  • Year Built: 1929
  • Stories: 2
  • Lot Size: 2,298 SqFt
  • Garage Spaces: 2
  • Parking Type: Direct Garage Access, Garage, Garage - Rear Entry, Garage - Single Door, Garage Door Opener, Off Street, Parking Space, Private
  • Rooms: Family Room, Galley Kitchen, Great Room, Kitchen, Living Room, Loft, Main Floor Bedroom
  • Interior: Ceiling Fan, Chair Railings, Furnished, Granite Counters, Living Room Deck Attached, Open Floor Plan, Storage Space, Wet Bar
  • Fireplace: 0, None
  • Flooring: Tile, Wood
  • Pool Description: None
  • Spa Description: None
  • Roof: Asphalt, Composition
  • Fence Type: Block, Stucco Wall
  • Lot Features: Level with Street, Lot 20000-39999 Sqft, Lot Shape-Rectangular, Lot-Level/Flat, No Landscaping, Park Nearby, Walkstreet
  • Building Levels Description: Two
  • Total Floors in Building: 2
  • House Faces/Primary View: North
  • Construction: Lap Siding, Plaster, Stucco
  • Exterior Description: Barbecue Private, Rain Gutters
  • Property Condition: Updated/Remodeled
  • Other Appliances: Built In Range, Dishwasher, Double Oven, Free Standing Range, Garbage Disposal, Gas Water Heater, Ice Maker, Microwave, Range/Stove Hood, Refrigerator, Tankless Water Heater
  • Dryer: 1
  • Energy Description: Standard
  • Cooling System: Wall Window
  • Heating: Central Furnace, Wall Heater, Space Heater, Forced Air
  • Gas: 1
  • Utility Information: Phone Available, Sewer Connected, Water Connected
  • Power On or Off: Bungalow, Cottage, Spanish
  • Parking Spaces: 3
  • County: Orange
  • Area: N8 - West Newport - Lido
  • Community Name: West Newport Beach (wsnb)
  • Security: Security Lights, Smoke Detector
  • HOA Fee Includes: Curbs, Gutters, Sidewalks, Storm Drains, Street Lighting, Urban
  • Other Structures: Guest House, Guest House Detached, Two On A Lot

Map Location for 119 39th Street A & B Newport Beach, CA 92663

Directions: Talke PCH to W. Balboa Blvd (south), turn right on 39th. Home is on the right side.

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Listing courtesy of McMonigle Group Corp
Based on information from California Regional Multiple Listing Service, Inc. 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.

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