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$ 2,325,000
Est. payment /mo
New
207 38th Street Newport Beach, CA 92663
2 Beds
2,375 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26082672
Bedrooms 2
Lot Size 2,375 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Pleased to present 207 38th Street, a rare coastal investment opportunity located just steps from the beach in one of Newport Beachs 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.
Location
State CA
County Orange
Zoning Assessor
Direction Off of W. Balboa Blvd and 38th Street
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 42330810
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Damien Breaux, DRE#01460301 Morgan Skenderian
Nearby Locations
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