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Key Details
Sold Price $2,150,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,936 sqft
Price per Sqft $1,110
Subdivision West Newport Beach (Wsnb)
MLS Listing ID NP20197079
Sold Date 11/18/20
Bedrooms 5
Full Baths 2
Three Quarter Bath 1
HOA Y/N No
Year Built 1958
Lot Size 2,178 Sqft
Property Description
Superior 100 Block location on 40th St! Highly sought-after residential income property just steps to the surf and sand in West Newport on Balboa Peninsula! Welcome to a 3 bedroom 1 bathroom upper unit and a 2 bedroom 1 bathroom lower unit with an additional exterior bathroom and shower. Oversized 2 car garage with shared laundry with extra space for additional parking behind the garage. Current active short term lodging permit with the city, this property will allow you to continue building your vacation rental business and have immediate cash flow. Currently generating approximately $150,000 in gross rents. This property sits on an estimated 25’x 95’ - 2,375sqft lot. Great opportunity for an immediate sand close turn-key vacation rental or the long term vision of new construction in a prime location! Restaurants, cafes, grocery, Lido Village and so much more all within walking distance or a short bike ride. Welcome to 126 40th St, seconds to the beach, close to the boardwalk, hop on a bike ride to the Newport Pier and enjoy everything West Newport has to offer!
Location
State CA
County Orange
Area N8 - West Newport - Lido
Rooms
Main Level Bedrooms 2
Interior
Interior Features Balcony, Ceiling Fan(s), Bedroom on Main Level
Heating Wall Furnace
Cooling None
Fireplaces Type Living Room
Fireplace Yes
Appliance Dishwasher, Gas Oven, Gas Range, Refrigerator
Laundry In Garage
Exterior
Garage Garage, On Site, Other, Garage Faces Rear
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs, Gutter(s), Street Lights, Sidewalks
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood
Accessibility None
Porch Deck, Patio
Attached Garage Yes
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Cottage
Level or Stories Two
New Construction No
Schools
School District Newport Mesa Unified
Others
Senior Community No
Tax ID 42332103
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to Loan,Conventional
Special Listing Condition Standard
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Bought with Amelie Mason • Pacific Sotheby's Int'l Realty
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