124 36th St, Newport Beach, CA 92663

Property Description

Steps from the BEACH! This stunning 4 bedroom, 2 bath Mid-Century Modern home includes a two car attached garage as well as an available space for one additional car represents a a great income investment property. The 40' wide 3800 square foot lot, has an R-2 rating and short term rentals are permitted by the city in this area of the Peninsula. Two homes can be erected on this large lot and an ocean view will be available when building up 3 levels. Currently, this home spans 2,191 Square feet and is situated in the highly desired Balboa Peninsula adjacent to the newly developed Lido Marina Village. Beautifully furnished, this single story home features a cozy den, concrete floors with stone inlay at the front entry with a beautiful large dutch door in addition to contemporary area rugs throughout. The large living room includes a wood burning fireplace. Property also features 3 private patios (front, side & back), a inside laundry room and office retreat. Skylights allow for a light and bright living space. Additionally the architectural designer light fixtures make this a great place to completely unwind from the rest of the world. You are literally steps to the 36th Street beach! Being adjacent to Lido Isle Marina Village your new home features wonderful shopping , dining and nightlife. This is California Coastal living at its finest. Home was previously leased at $7000 a month for 12 Mo. See attached supplement that details estimated short term rental rates