126 40th ST, Newport Beach, CA 92663 – NP20197079

$2,150,000

Est. payment -/mo

$2,198,000

2.2%

Est.Price: ?

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5 Beds

3 Baths

1,936 SqFt

SOLD DATE : 11/18/2020

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

Parking Features 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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Diego Magdaleno

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Listed by Nicolai Glazer • Pacific Sotheby's Int'l Realty
Bought with Amelie Mason • Pacific Sotheby's Int'l Realty

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