Highly sought after residential income property with superior location on the mid 100 block in West Newport, steps to sand and surf.
Built in 1929 and renovated in 2015, 3b2b with approx. 1,000sqft of living space on two levels. Currently a year round vacation rental.
Built in 1958, 2b1b upper unit with approx. 800sqft and separate studio on the lower level.
Currently 9-month winter and summer rental.
The compound houses a total of 6 bedrooms and 4 bathrooms in 3 units totaling ~2,150sqft. Lot size is approx. 2,375sqft (25x95).
The spacious two-car garage with 3rd off-street parking space has full-sized washer/dryer and is easily accessed from the wide back alley.
Entire property has been well-maintained, comes fully furnished and has excellent rental income history (approx. $140,000/year)
Unique beach home with superior location in the 100 block of 39th Street in West Newport. Just steps to the surf & sand, ride your bike down the boardwalk to the pier, close to grocery, dining, café’s and bars alike this Balboa Peninsula Income Property has endless possibilities.
Welcome to a 3 bedroom 2 bathroom front house and detached 2 bedroom 1 bathroom back house with an additional bonus studio. Zoned for short-term lodging and current active city permit this property will allow you to maximize your income potential with a blend of short-term summer and winter or traditional year-round tenants. Currently generating approximately $140,000 per year in rental income. This property sits on a 25’x 95’ - 2,375sqft lot where you could also envision your dream.
Great opportunity for a sand close turn-key vacation rental investment or the vision of new construction in a fabulous location!
119 39th Street, Newport Beach, California 92663, United States