126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
126 40th Street
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$2,150,000

126 40th Street

5 Beds 3 Baths 1,936 Sq.Ft.

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!

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Location

126 40th Street, Newport Beach, CA 92663

Status

Sold

Property Amenities

Interior
Laundry room In Garage
Fireplace Living Room
Appliances Dishwasher, Gas Oven, Gas Range, Refrigerator
Total Bedrooms: 5
Three-Quarter Bathrooms: 1
Full Bathrooms: 2
Other Interior Features Balcony, Ceiling Fan(s), Bedroom on Main Level
Area & Lot
Lot Area 0.05 Acres
Living area 1,936 Sq.Ft.
MLS® ID NP20197079
Year Built 1958
High School Newport Mesa Unified
View Description Neighborhood
Architecture Styles Cottage
Type Residential
Status Sold
Exterior
Stories 2
Pool None
Air conditioning None
Heat type Wall Furnace
Water Source Public
Garage Space 2
Sewer Public Sewer
Other Exterior Features Deck, Patio
Parking Garage, On Site, Other, Garage Faces Rear
Lot Features 0-1 Unit/Acre
Utilities Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Finance
Sales Price $2,150,000

Work With Us

We work closely with each client we represents. Our approach is one of collaboration, with our highest priority being to meet our client’s goals. When we first connect, we learn what you want to accomplish and we stay in cadence until that happens.