119 39th Street, Newport Beach, CA 92663

$2,495,000
2,150
SqFt
List Price
$2,495,000
Status
Active
MLS#
OC19222290
Year Built
1929
Living Sq. Ft
2,150
Lot Size
2,298
Lot Location
Level with Street, Lot 20000-39999 Sqft, Rectangular Lot, Level, No Landscaping, Park Nearby, Walkstreet
Days on Market
32
Property Type
Single Family Residential
Style
Bungalow, Cottage, Spanish
Stories
Two Level
Neighborhood
West Newport Beach (Wsnb)

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 washer/dryer and is easily accessed from the wide back alley. Both houses have new windows and the entire property has been 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. (Based on offer price, Pro forma annual net income of $110,000 provides a cap rate is 4.41%.)

Additional Information

Tract Number
670
Lot Description
Security Lights, Smoke Detector(s), Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Urban
Appliances
Built-In Range, Dishwasher, Double Oven, Free-Standing Range, Disposal, Gas Water Heater, Ice Maker, Microwave, Range Hood, Refrigerator, Tankless Water Heater
Pool Description
None
Fireplace Description
None
Heat
Central, Wall Furnace, Space Heater, Forced Air
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
View
Ocean
Roof
Asphalt, Composition
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of John Cain from Pacific Sotheby's Int'l Realty

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.