$ 2,325,000
-
$2,325,000
Price -
2
Bed -
0
Bath -
1,000
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing PB8846 - PBREADAM,CDAR-D70262
Pleased to present 207 38th Street, a rare coastal investment opportunity located just steps from the beach in one of Newport Beach’s most sought-after neighborhoods. Situated on a ±2,375 square foot lot, the property offers a unique combination of in-place income and significant upside potential, making it well-suited for investors, developers, or owner-users. The property consists of two 1-bedroom, 1-bathroom units, each approximately ±500 square feet. The front unit is currently vacant, providing immediate flexibility for renovation or occupancy, while the rear unit is leased on a month-to-month basis, allowing for optionality in repositioning or redevelopment timing. Built in 1952, the existing improvements present an opportunity for a buyer to execute a comprehensive renovation program to create high-end coastal rentals, or to redevelop the site into a new custom residence or luxury multifamily property, subject to city approvals. With its premier beach-close location, walkability to local amenities, and strong underlying land value, 207 38th Street represents a compelling opportunity to capitalize on one of the most desirable coastal markets in Southern California.
Listing Highlights
Status
Pending
Days on Site
33
Property Type
Multi-Family
MLS ®
PW26082672
Year Built
1952
Total Square Footage
1,000
Lot/Acreage
0.05
County
Orange
Area
699 - Not Defined
Interior Details
- Bedrooms: 2
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Rectangular Lot,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 2
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: $26,250
- Taxes w/Assessments: N/A
- Tax/Property ID: 42330810
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
207 38th St Newport Beach, CA 92663
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
