Newport Beach, CA 92663,111 38th ST

$1,867,500

$1,895,000

1.5%
Est.Price: ?

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Est. payment /mo

3,615 Sqft Lot


SOLD DATE : 10/15/2014

Key Details

Sold Price $1,867,500

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision West Newport Beach (Wsnb)

MLS Listing ID NP14144368

Sold Date 10/15/14

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1963

Tax Year 2013

Lot Size 3,615 Sqft

Property Description

3 Houses from the sand!!!!!! Location, location, location. This well maintained large "Oceanair" duplex has been family occupied for over 20 years! The upper unit is a large 4 bedroom, 2 bath that has been updated to reflect a very clean current feel. The lower unit is a 2 bedroom 1 bath which also features recent upgrades to the kitchen with granite counters and stainless steel appliances. The master bath in the lower unit has also been nicely remodeled. There is a large patio in the front with mature pine trees and even a small lawn! This property is situated on a large 3500+ sq. ft. lot and offers 3 car off street parking, a huge plus near the beach. One of the owners has occupied the lower unit since the property was purchased and the upper unit has been used selectively as a weekly rental during the summer months with income potential of well over $7,000/mo in the summer. The upper unit comes fully furnished and ready to rent even down to the bicycles! This is a rare opportunity to obtain a large "Oceanair" so close to the beach that is ready to start bringing income immediately!

Location

State CA

County Orange

Area N8 - West Newport - Lido

Interior

Interior Features Ceiling Fan(s)

Heating Forced Air

Cooling None

Flooring Carpet, Laminate

Fireplaces Type Living Room

Fireplace Yes

Appliance Dishwasher, Disposal, Gas Range

Laundry Common Area

Exterior

Garage Unassigned

Carport Spaces 3

Fence Block

Pool None

Community Features Sidewalks

Utilities Available Sewer Connected

View Y/N Yes

View Water

Roof Type Tar/Gravel

Total Parking Spaces 3

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Faces South

Story 2

Entry Level Two

Foundation Slab

Water Public

Architectural Style Custom

Level or Stories Two

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 42332212

Security Features Carbon Monoxide Detector(s)

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Michael Mullen • Surterre Properties Inc.
Bought with Ryan Vitt • Ryan Vitt
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