127 24th Street, Newport Beach, CA 92663

$1,899,900
1,628
SqFt
List Price
$1,899,900
Status
ACTIVE
MLS#
OC21004144
Year Built
1932
Living Sq. Ft
1,628
Lot Size
1,750
Acres
0.0402
Lot Location
2-5 Units/Acre, Level with Street, Rectangular Lot, Level, Near Public Transit, No Landscaping, Park Nearby, Value In Land
Days on Market
26
Property Type
Single Family Residential
Style
Bungalow, Cottage
Property Sub Type
Duplex
Stories
Two Levels
Builders Tract Code
West Newport Beach (WSNB)
Neighborhood
West Newport Beach (Wsnb)

Property Description

Welcome to an excellent investment property! This highly-sought after, turn-key vacation rental can also be used as a family beach compound. Charming yet functional, this well maintained and tastefully appointed duplex with guest quarters has a history of a wonderful, steady income. Rarely vacant because of its stellar location (beach side of W Balboa Blvd in the 1st block) returning tenants have been coming for many years for 30-90 days at a time. Enjoy your front patio for dining al fresco, BBQ and entertaining; then enter the main level front unit into a spacious living room, with dining area, large kitchen, 1 bedroom and 1 bath, plus a shared laundry area with stacked washer/dryer. Here you connect to a private entry into the back guest quarters with its own living space, kitchenette, studio bedroom, 1 bath. The upstairs unit with separate entry is bright and cheery with a peek-a-boo view of the ocean; it has a living area, kitchen, 1 bedroom and 1 bath. New double-pane windows installed last year. Separate gas and electrical meters, separate addresses. With 1,628 sf of living space, the lot is 1,750 sf (25 x 70). For those with the long-term vision of new construction, you can keep your rental income flowing while plans are in the city. You’re a short walk to the sand where world-class surfing and more awaits. The boardwalk, pier, Lido House Boutique Hotel and Lido Marina Village are just minutes away. Something this special will not last. Please do not disturb tenants.

Additional Information

Tract Number
512
Lot Description
Carbon Monoxide Detector(s), Smoke Detector(s), Biking, Curbs, Fishing, Park, Watersports, Sidewalks, Street Lights
Appliances
Disposal, Gas Oven, Refrigerator, Tankless Water Heater
Pool Description
None
Fireplace Description
None
Heat
Wall Furnace, Space Heater, Natural Gas
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
View
Neighborhood, Ocean, Peek-A-Boo
Exterior Construction
Wood Siding
Roof
Composition
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
2

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Marie Gentosi from Coldwell Banker Realty

Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.