Sq.Ft. Lot1,750
Year1932
Status:
Sold
Property Type:Duplex
MLS #:OC21004144
Date Sold:5/26/2021
Lot Size:1,750 Sq. Ft.
County:Orange
Listing Agent/Office
Agent:Marie Gentosi
Office:Coldwell Banker Realty
Location, location, location, this charming property is in the heart of the Newport Beach Peninsula on the ocean side of Balboa Blvd., just steps from the sand. You're in a walker's paradise where no car is needed and most daily errands or activities can be accomplished on foot because of the numerous coffee shops, restaurants, grocery stores, shopping, the pier and beach activities nearby. Plenty of free parking surrounds the area including 24th Street itself, the city offers several parking-permits options, plus there's a surplus of metered lots within an easy stroll. Professionally decorated with 5-star reviews you'll enjoy exceptional detail throughout. These bright and cheery vacation units are consistently in high demand all year. Extended leases are 31+ days with a historical average of 31-90 days. Tenants from all over the world return year after year. Zoned R1 as a legal, non-conforming grandfathered duplex, there's 3 separate private entrances: Front unit 670+/- sf 1bedroom/1 bath; Back lower unit 500+/- sf studio/1 bath; Upper back unit 460+/- sf 1bedroom/1bath. Front and back lower units can connect if you'd like (total ground floor square footage is 1,170+/-) as they share the lock-off utility space and stackable washer/dryer. Well maintained with brand new double-pane windows and a tankless water heater. Furnishings and all supplies are available for purchase. Please do not disturb tenants or walk the fully-occupied property. Following COVID protocol.
Detailed Maps
Quick Summary
Welcome to 127 24th St in the beautiful neighborhood of Newport Beach, CA.
This duplex for sale features bedrooms and bathrooms with a living area of square feet situated on a 0.04 acre lot.
The current list price is $1,799,900.
The zip code for this property is 92663 and it is located in Orange County.
This duplex for sale features bedrooms and bathrooms with a living area of square feet situated on a 0.04 acre lot.
The current list price is $1,799,900.
The zip code for this property is 92663 and it is located in Orange County.
Community Information
Address:127 24th St, Newport Beach, CA 92663
Area:N8 - West Newport - Lido
County:Orange
City:Newport Beach
Zip Code:92663
Architecture
Year Built:1932
Stories:2
Style:Bungalow, Cottage
Construction Materials: Wood Siding
Number of Buildings: 1
Total Units: 2
Stories Total: 2
Roof: Composition
Foundation: Raised
Features / Amenities
Interior Features: Ceiling Fan(s), Bedroom on Main Level
Appliances: Disposal, Gas Oven, Refrigerator, Tankless Water Heater
Flooring: Carpet, Tile
Laundry: Inside, Stacked
Exterior Features: Lighting, Rain Gutters
Accessibility Features: No Stairs
Direction Faces: East
Door Features: Mirrored Closet Door(s)
Entry Location: Ground
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Window: Double Pane Windows
Common Walls: No Common Walls
Parking Features: Public, On Street
Cooling: Wall/Window Unit(s)
Heating: Natural Gas, Space Heater, Wall Furnace
Rooms
Bedroom |
Property Features
Lot Size:
0.04 Acres / 1,750 Sq. Ft.
Lot Features: Item25UnitsAcre, Level, NoLandscaping, NearPark, Near Public Transit, Rectangular Lot, Street Level, ValueInLand
Waterfront: Across the Road from Lake/Ocean, Beach Access, Ocean Access, Ocean Side Of Freeway, Ocean Side Of Highway
View: Neighborhood, Ocean, Peek-A-Boo
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer: Public Sewer
Water: Public
Road Frontage: City Street
Road Surface: Paved
Fencing: Block, GoodCondition, StuccoWall
Directions:Cross Streets: W. Balboa/24th. Heading N on E. Coast Hwy., take a slight R turn onto Newport Blvd., toward Balboa Peninsula, R-30th St., L-West Balboa Blvd., R-24th St. Property is 2nd house on R.
Tax and Financial Info
Buyer Financing: Conventional
Cap Rate: 4.2
Terms: Conventional, Item1031Exchange
Land Lease: No
Disclosures: CoastalCommissionRestrictions, CoastalZone
Schools
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Based on information from California Regional Multiple Listing Service, Inc. as of March 28, 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, 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. IDX provided by Sierra Interactive.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.