119 39TH STREET, NEWPORT BEACH CA 92663
- 2,150 sq.ft.
- 2,298 sq.ft. lot
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. (Pro forma annual net income of $184,00, the cap rate is 6.77%.)
Listing Courtesy of Russ Evans, McMonigle Group Corp
raj qsarCEO | Owner |
- cell 714.412.5019
- office 949.612.2535
Based on information from California Regional Multiple Listing Service, Inc. as of July 7, 2018. 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.