509 38th Street, Newport Beach CA, 92663

Sold

509 38th Street

Newport Beach CA, 92663

$2,550,000

$1,855.90 per sqft

Sold

2 Beds

2 Baths

1,374 sqft

Multi-family

Built in 1960

Listed by Brian Wollner with Coldwell Banker Realty 714-374-4459

After more than 50 years, one of the most exclusive and largest interior corner lots on Newport Island is now available at 509 38th Street and 3801 Channel. The possibilities here are endless. Per Architects estimates, a luxurious 4,250 square foot custom home or duplex can be constructed on this 4,029 square foot lot. Currently, 2, 1 bedroom 1 bathroom, nicely appointed units with outdoor patios and two single car garages are available to be rented: each for approximately $3,000 a month. These rentals present a fantastic opportunity to offset carrying costs during the planning process to build or can simply be held as long-term rentals. Newport Island has a very intimate setting, positioned walking distance to the Ocean and steps from the Newport Harbor. Situated on the west side of the Island, Newport Island Park offers a kids play area, half-court basketball and grill area, all while enjoying views of the water. This is an opportunity that may only come once in a lifetime, don't miss it.

OC23016140

MLSⓇ ID

January 31, 2023

Listed

March 23, 2024

Updated

Map

509 38th Street
Newport Beach CA, 92663

Interior Features

Total Stories: 1
Bedrooms: 2 Beds
Bathrooms: 2 Baths
Interior Features: Ceiling Fan(s), High Ceilings, Storage, All Bedrooms Down, Bedroom on Main Level, Galley Kitchen
Appliances: Dishwasher, Electric Cooktop, Electric Oven, Water Heater
Laundry Description: In Kitchen
Floor Description: Laminate, Tile
Fireplace: Yes
Fireplace Description: None
Cooling: No
Cooling Description: None
Heating: Yes
Heating Description: Central

Exterior/Building Features

Lot Size: 0.09 Acres
Exterior Features: Rain Gutters
Lot Features: Back Yard, Corner Lot, Ranch, Street Level, Value In Land
Roof: Composition, Shingle
Sewer: Public Sewer

School Information

School District: Newport Mesa Unified
High School: Newport Harbor
Elementary School: Newport

Other Property Details

Area Name: N8 - West Newport - Lido
Days on Market: 8
Garage: Yes
Garage Spaces: 2
Parking: Concrete, Door-Single, Driveway, Garage
Parking Total: 4
View: No
View Description: None
County: Orange
Water Source: Public
Pool: No
Pool Features: None
Waterfront: Yes
Buyer Agency Compensation: 2.5%

Listing Contact: 714-374-4459

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/23/2024 at 1:24 AM UTC