505 38th Street
Newport Beach, CA 92663
- – beds
- – baths
- – sqft
- 2,823 sqft lot
- 1940 build
- – on site
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Opportunities abound with this charming bungalow-style Duplex on Newport Island. This is a great opportunity for an owner-user to live in this amazing neighborhood while, at the same time, generating monthly income. These units would make for fabulous long-term rentals as tenant demand is very strong on the island due to the location and the uniqueness of the neighborhood. Also, this could be a phenomenal opportunity for someone who would like to start fresh and build their dream home in one of Newport Beach’s most coveted neighborhoods. The new construction possibilities include a single-family residence with an ADU, a duplex or possibly even two condos. Per the city, total allowable build up to 3,840 sq. ft. including garages. Both units have two bedrooms and one bathroom and they share a two car garage and a laundry. The charming front unit is on the ground level with no steps and move-in ready. Tenants enjoy a sizable front patio for outdoor dining & relaxing, a quaint living space with wood-like floors, wainscotting, a dining room and an updated kitchen. The back unit, which is located over the garage, is just as charming with a lanai, perfect for morning coffee, a Dutch door and ample living space. Situated on one of the eight islands in Newport Harbor, this neighborhood is about as special as you can get. Residents enjoy a gorgeous waterfront park equipped with a playground, a half basketball court, grill area and a baby beach that overlooks the channel. On any given day, you will find islanders launching paddle boards and kayaks from the baby beach as well as from various inlets around the neighborhood. Some residents lease moorings from the City of Newport Beach, which are located around the island. It’s a quick walk across the bridge and down two blocks to the locals’ favorite beach and surf spot. This is a community that enjoys getting together. Residents gather for parties in the park, for just about every major holiday and several times throughout the summer. Newport Island looks and feels very much like a private community but, in fact, it’s not. There are no monthly HOA dues. In addition to the island, enjoy all that Newport Beach has to offer. Walk to several other nearby parks or bike to the Newport Beach Pier, Marina Park and The Balboa Fun Zone. Stroll the Peninsula and Lido Village for all of the fabulous shopping and dining establishments.
Listed By CRMLS_CA / Jennifer Stock / Compass / 949-290-0227
Last checked:
Checking…
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Last updated Dec 9, 2024
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MLS# NP23022962 —
The Building
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Year Built:1940
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Year Built Source:Public Records
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New Construction:No
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Construction Materials:Stucco
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Building Area Total:1474.00
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Building Area Units:Square Feet
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Total Number Of Units:2
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# of Buildings:2
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Architectural Style:Bungalow
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Roof:Composition
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Foundation:Slab
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Accessibility Features:No Interior Steps
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Common Walls:No Common Walls
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# of Separate Gas Meters:2
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# of Separate Water Meters:2
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# of Separate Electric Meters:2
Interior
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Features:Unfurnished, Wainscoting
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Room Type:Main Floor Master Bedroom
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Laundry:Common Area, Dryer Included, Washer Included
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Laundry:1
Location
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Directions:Balboa to 38th Street.
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Latitude:33.61940500
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Longitude:-117.93286700
The Property
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Property Type:Residential Income
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Subtype:Duplex
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Lot Features:Rectangular Lot, Park Nearby
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Lot Size Area:2823.0000
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Lot Size Acres:0.0648
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Lot Size SqFt:2823.00
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Lot Size Source:Assessor
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Fencing:Vinyl
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Fence:Yes
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Road Frontage:City Street
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Road Surface Type:Paved
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:538
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Tax Census Tract:635.00
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Tax Tract:164
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Tax Lot:3
The Listing
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Special Listing Conditions:Trust
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Parcel Number:42306404
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Showings Begin:2023-03-30
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:No
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Cooling:None
Utilities
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Gas Oven, Gas Range
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Included:Yes
The Community
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Subdivision:Newport Island (NEWI)
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Subdivision:Newport Island (NEWI)
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Neighborhood:Newport Island
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Features:Park, Sidewalks, Street Lights
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking:Yes
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Parking:Garage - Two Door
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Parking Spaces:2.00
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Garage Spaces:2.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/24/23
Apr 24, 2023
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Pending | CRMLS_CA | ||
4/13/23
Apr 13, 2023
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Sold Subject To Contingencies | CRMLS_CA | ||
3/30/23
Mar 30, 2023
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Listed / Active | CRMLS_CA |