118 39th Street, Newport Beach, California 92663, Newport Beach, - bed, bath

home-pic
ACTIVE$2,650,000
118 39th Street, Newport Beach, California 92663
3Beds
3Baths
1,531Sqft
2,377Lot
Year Built
2013
Close
-
List price
$2.65M
Original List price
$2.75M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25043047
Home ConditionGood
Features
Good View: Neighborhood
ViewNeighborhood

About this home

Welcome to your dream beachside retreat on the coveted Balboa Peninsula! This stunning custom-built home, just over 10 years old, offers the perfect blend of luxury, comfort, and investment potential. Ideally situated between the beach and the bay, this property is steps from the sand and within walking distance of the boardwalk, top-tier dining, lively bars, boutique shops, world class surf and a plethora of other outdoor activities. Featuring 3 bedrooms and 3 bathrooms, this meticulously designed residence features travertine and hardwood flooring, granite countertops, stainless steel appliances, and central AC and heat for year-round comfort. The rooftop patio offers views of this charming coastal community and is perfect for entertaining or unwinding after a day at the beach. Parking is no problem here with an attached garage and covered carport. What truly sets this home apart is its highly sought-after Short-Term Lodging Permit, making it a prime income-generating opportunity. This beach house will be sold fully furnished, making it a seamless investment for those looking to generate rental income whenever they are not personally enjoying the coastal lifestyle themselves. Don’t miss this rare opportunity to own a turnkey coastal escape in one of Southern California’s most desirable beach communities!

Nearby schools

8/10
Newport Heights Elementary School
Public,K-61.1mi
9/10
Newport Elementary School
Public,PK-61.3mi
7/10
Horace Ensign Intermediate School
Public,7-81.2mi
7/10
Newport Harbor High School
Public,9-121.4mi
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (39 Listings)
Beds32
53%
Baths32.5
50%
Square foot1,5311,315
57%
Lot Size2,37735,200
15%
Price$2.65M$1.14M
90%
Price per square foot$1,731$869
95%
Built year20139895990
93%
HOA$600
Days on market252160
85%
Condition Rating
Good

The property was built in 2013, placing it within the 10-20 year range. The listing mentions and images show granite countertops and stainless steel appliances in the kitchen, and the bathrooms appear well-maintained with modern fixtures. The overall condition appears to be move-in ready with minimal wear and tear, justifying a 'good' score.
Pros & Cons

Pros

Prime Location: Located on the Balboa Peninsula, steps from both the beach and the bay, offering convenient access to outdoor activities, dining, and shopping.
Short-Term Lodging Permit: Possession of a highly desirable Short-Term Lodging Permit, providing a significant income-generating opportunity.
Turnkey Investment: Offered fully furnished, allowing for immediate rental income generation without additional upfront costs.
Modern Amenities: Features modern amenities including travertine and hardwood flooring, granite countertops, stainless steel appliances, and central AC and heat.
Rooftop Patio: Includes a rooftop patio with neighborhood views, ideal for entertaining and relaxation.

Cons

Price Reduction: The property has experienced a price reduction from its original list price, which may indicate challenges in the current market or perceived overpricing initially.
Lot Size: The lot size is relatively small, which may limit outdoor space and potential for expansion.
HOA Fees: Condominiums typically have HOA fees, which can add to the monthly expenses for the buyer. The amount of the HOA fees is not listed.

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