$2,399,000 $12,878 est/mo Sourced by Back At You

505 38th Street,Newport Beach, CA 92663

Newport Beach CA, 92663

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Description

Opportunities abound with this charming bungalow-style Duplex on Newport Island. This is a great opportunity for an owner-user to live in this amazing neighborhood while, at the same time, generating monthly income. These units would make for fabulous long-term rentals as tenant demand is very strong on the island due to the location and the uniqueness of the neighborhood. Also, this could be a phenomenal opportunity for someone who would like to start fresh and build their dream home in one of Newport Beachs most coveted neighborhoods. The new construction possibilities include a single-family residence with an ADU, a duplex or possibly even two condos. Per the city, total allowable build up to 3,840 sq. ft. including garages. Both units have two bedrooms and one bathroom and they share a two car garage and a laundry. The charming front unit is on the ground level with no steps and move-in ready. Tenants enjoy a sizable front patio for outdoor dining & relaxing, a quaint living space with wood-like floors, wainscotting, a dining room and an updated kitchen. The back unit, which is located over the garage, is just as charming with a lanai, perfect for morning coffee, a Dutch door and ample living space. Situated on one of the eight islands in Newport Harbor, this neighborhood is about as special as you can get. Residents enjoy a gorgeous waterfront park equipped with a playground, a half basketball court, grill area and a baby beach that overlooks the channel. On any given day, you will find islanders launching paddle boards and kayaks from the baby beach as well as from va

Details

Listing IDNP23022962
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusPending
Days On Site416
Listing Provided ByCompass | Jennifer Stock

Features

Units2
ZoningPublic Rec
Acreage0.07

Market Activity 92663

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Learn More About This Property

StateCA
CountyOrange
CityNewport Beach
Zip Code92663
SubareaNewport Island
Listing VS Median (in 92663)
Price:
$2,399,000
low | high
Med:
$169,900
100% of Average
On Site:
416
low | high
Med:
10.000000
100% of Average
Sourced by Back At You
Listing Updated: April 24, 2023 at 4:27:33 PM PDT
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