128 39TH Street,  Newport Beach CA, 92663 (Residential Income)

2,100 sqft
Status: Backup Offers
MLS#: OC16725996
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Last Updated: 12/7/2016 6:40 PM
Description for 128 39TH Street Newport Beach, CA 92663
Best Value! Best Location! Priced at least $200k below appraised value! This high income producing ocean view duplex is located within the most wanted first block to the Pacific Ocean. This property is just 7 houses from the sand. First floor consists of 3 bedrooms, 2 baths, large front patio with ocean view and a laundry room for both units. The upper floor consists of 2 bedrooms, 1 bath with a deck. Villas recently received comprehensive remodel and has new d cor with top of the line make over and furnishings. Property comes with an oversize 2 car garage and an additional parking space in front of garage on the alley side. Outdoor shower enhances the outdoor living lifestyle. All baths are finished with custom marble/ natural stone and flooring materials consist of natural stone (Sea Grass), tiles and wood floor. This is an excellent opportunity for an end user/ family as their primary or a second home at the beach. These beach villas offer the ability to rent the villas as vacation rentals and/or long term rentals as the buyer desires. Excellent turnkey property for 1031 exchange with an exceptional income of over $125K for 2016. Currently used as short term furnished rentals. This property consistently produced income in excess of $110K over the years. Do not let this opportunity slip away. Villas offer natural lighting with ocean views and elegant outdoor settings and within arms-reach of fine beaches, surf spots, restaurants, Hoag Hospital & affluent shopping centers.
Price
$2,195,000
Orange
2,100 (approx)
OC16725996
Backup Offers
Description
Best Value! Best Location! Priced at least $200k below appraised value! This high income producing ocean view duplex is located within the most wanted first block to the Pacific Ocean. This property is just 7 houses from the sand. First floor consists of 3 bedrooms, 2 baths, large front patio with ocean view and a laundry room for both units. The upper floor consists of 2 bedrooms, 1 bath with a deck. Villas recently received comprehensive remodel and has new d cor with top of the line make over and furnishings. Property comes with an oversize 2 car garage and an additional parking space in front of garage on the alley side. Outdoor shower enhances the outdoor living lifestyle. All baths are finished with custom marble/ natural stone and flooring materials consist of natural stone (Sea Grass), tiles and wood floor. This is an excellent opportunity for an end user/ family as their primary or a second home at the beach. These beach villas offer the ability to rent the villas as vacation rentals and/or long term rentals as the buyer desires. Excellent turnkey property for 1031 exchange with an exceptional income of over $125K for 2016. Currently used as short term furnished rentals. This property consistently produced income in excess of $110K over the years. Do not let this opportunity slip away. Villas offer natural lighting with ocean views and elegant outdoor settings and within arms-reach of fine beaches, surf spots, restaurants, Hoag Hospital & affluent shopping centers.
Listing Information
Property Type: Cluster, Spanish, 2 Story
0.05 Acres 237,500 sq.ft. 2,100 (approx)
$1,045.24 1930
Yes- 2 spaces 2
Stucco
Raised Foundation
2 Total
Neighborhood
Room Information
Living Room
Gas Dryer Hookup, Hookups in Laundry Room
Bathtub, Shower
Interior Features
Dishwasher, Garbage Disposal, Gas Range/Cooktop, Refrigerator
Hardwood, Marble, Ceramic Tile, Stone
None, Ceiling Fan(s)
Gas Heat, Wall Unit
Mirrored Closet Door(s), Crown Molding, Granite Counter Top, Recessed Lights
Exterior / Lot Features
2 Garage Spaces, 2 Parking Spaces
Stucco
Composition
None
No Pool
Ocean, Water
BBQ, Curbs Walk
Driving Directions
Balboa Blvd turn right on 39th Street less than a block from the sand. Cross Streets: Balboa Blvd
Financial Considerations
42332202
$125,600
Listing Price History

Newport Beach Real Estate

Newport Beach is located in California. Newport Beach, California 92663 has a population of 85,323.

The median household income in Newport Beach, California 92663 is $109,677. The median household income for the surrounding county is $75,566 compared to the national median of $53,046. The median age of people living in Newport Beach 92663 is 43.8 years.

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Courtesy: Tri-Star Realty Carl Wuestehube
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