119 39TH STREET, NEWPORT BEACH CA 92663

  • 2,150 sq.ft.
  • 2,298 sq.ft. lot
offered at $2,699,000
MLS#:OC18068995
Status: Active // Property Type:
Project/Tract: West Newport Beach (WSNB) // County: Orange // Year Built: 1929

Property Description

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

Interior Features

Interior Features: Ceiling Fan, Chair Railings, Furnished, Granite Counters, Living Room Deck Attached, Open Floor Plan, Storage Space, Wet Bar // Heating: Central Furnace, Wall Heater, Space Heater, Forced Air

Exterior Features

Exterior Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lighting, Urban // Roof: Asphalt, Composition
FOR MORE INFORMATION, PLEASE CONTACT AGENT:
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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