128 39TH St, Newport Beach, CA 92663

Property Description

Best Value! Best Location! Priced at least $200k below appraised value! This high income producing ocean view duplex is located within the most wanted first block to the Pacific Ocean. This property is just 7 houses from the sand. First floor consists of 3 bedrooms, 2 baths, large front patio with ocean view and a laundry room for both units. The upper floor consists of 2 bedrooms, 1 bath with a deck. Villas recently received comprehensive remodel and has new d cor with top of the line make over and furnishings. Property comes with an oversize 2 car garage and an additional parking space in front of garage on the alley side. Outdoor shower enhances the outdoor living lifestyle. All baths are finished with custom marble/ natural stone and flooring materials consist of natural stone (Sea Grass), tiles and wood floor. This is an excellent opportunity for an end user/ family as their primary or a second home at the beach. These beach villas offer the ability to rent the villas as vacation rentals and/or long term rentals as the buyer desires. Excellent turnkey property for 1031 exchange with an exceptional income of over $125K for 2016. Currently used as short term furnished rentals. This property consistently produced income in excess of $110K over the years. Do not let this opportunity slip away. Villas offer natural lighting with ocean views and elegant outdoor settings and within arms-reach of fine beaches, surf spots, restaurants, Hoag Hospital & affluent shopping centers.