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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

$2,325,000

Est. payment - /mo

2 Beds

2,375 Sqft Lot

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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

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Listed by Damien Breaux, DRE#01460301 Morgan Skenderian

Nearby School & Business

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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207 38th Street Newport Beach, CA 92663

Sean Beattie Jr.

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information