119 39th Street , A & B

    Newport Beach, CA 92663
    • $2,699,000
    • STATUS: Active
    • ON SITE: 169 days
    • ID#: OC18068995
    UPDATED: 60 min ago
    $2,699,000
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,150
      SQFT
    • $1,255
      $/SQFT
    Type:
    Multi-Family
    Built:
    1929
    County:

    School Ratings & Info

    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%.)

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-19T13:29:42.577. 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.
    www.amazingtemeculahomes.com/homes/82203334

    119 39th Street , A & B Newport Beach, CA 92663

    • Price: $2,699,000
    • Status: Active
    • Updated: 60 min ago
    • ID#: OC18068995
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    2,150
    SQFT
    $1,255
    $/SQFT
    1929
    Built
    Neighborhood:
    West Newport Beach (Wsnb)
    County:
    Orange
    Area:
    N8 - West Newport - Lido
    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%.)
    Exterior Features

    Architectural Style BungalowCottageSpanish Carport Spaces 0.00 Construction Materials Lap SidingPlasterStucco Direction Faces North Entry Level 1 Entry Location Front Exterior Features Barbecue PrivateRain Gutters Fence YN Yes Fencing BlockStucco Wall Foundation Details Pillar/Post/PierSlab Garage Spaces 2.00 Lot Features Level With StreetLot 20000-39999 SqftLot Shape-RectangularLot-Level/FlatNo LandscapingPark NearbyWalkstreet Lot Size Source Assessor Lot Size Units Square Feet Other Structures Guest HouseGuest House DetachedTwo On A Lot Parking Features Direct Garage AccessGarageGarage - Rear EntryGarage - Single DoorGarage Door OpenerOff StreetParking SpacePrivate Parking Total 3.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof AsphaltComposition Spa Features None Spa YN No View Ocean View YN Yes Waterfront Features Across The Road From Lake/OceanBeach AccessOcean Side Of FreewayOcean Side Of Highway 1

    Interior Features

    Appliances Built In RangeDishwasherDouble OvenFree Standing RangeGarbage DisposalGas Water HeaterIce MakerMicrowaveRange/Stove HoodRefrigeratorTankless Water Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Wall Window Cooling YN Yes Door Features Mirrored Closet DoorsSliding Glass Door(S) Fireplace Features None Fireplace YN No Flooring TileWood Heating Central FurnaceWall HeaterSpace HeaterForced Air Heating YN Yes Interior Features Ceiling FanChair RailingsFurnishedGranite CountersLiving Room Deck AttachedOpen Floor PlanStorage SpaceWet Bar Laundry Features AreaDryer IncludedIn GarageWasher Included Levels Two Room Type Family RoomGalley KitchenGreat RoomKitchenLiving RoomLoftMain Floor Bedroom Window Features BlindsCustom CoveringDouble Pane Windows

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsGuttersSidewalksStorm DrainsStreet LightingUrban Country Us Electric Standard Electric Expense 1000.00 Elevation Units Feet Fuel Expense 1000.00 Gross Income 215300.00 Gross Scheduled Income 215300.00 Inclusions All Furnishings And Household items in All Units. Delivered Turnkey And Move-In Ready. Insurance Expense 1500.00 Land Lease YN No Laundry YN Yes Maintenance Expense 11000.00 Net Operating Income 184000.00 New Taxes Expense 14000.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Wall AC 2 Number With Carpet 0 Number With Dishwasher 2 Number With Disposal 3 Number With Drapes 3 Number With Patio 2 Number With Range 2 Number With Refrigerator 3 Operating Expense 30860.00 Property Condition Updated/Remodeled Property Sub Type Duplex Rent Control YN No Security Features Security LightsSmoke Detector Senior Community YN No Special Listing Conditions Standard Subdivision Name Other West Newport Beach (Wsnb) Total Expenses 20400.00 Trash Expense 250.00 Utilities Phone AvailableSewer ConnectedWater Connected Water Sewer Expense 250.00 Water Source Public Zoning R2

    Listing provided courtesy of Russ Evans of Mcmonigle Group Corp.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-19T13:29:42.577. 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.
     
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