127 24th Street

Newport Beach, CA 92663

$1,799,900
Last Sold Price
2
Beds
3
Baths
1,628 Sq. Ft.
$1,106 / Sq. Ft.
1,628
Sq. Ft.
$1,106
per Sq. Ft.

Description

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...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.
  1. Listed by Marie Gentosi • DRE #01919984 • Brokerage DRE #00616212 • Coldwell Banker Realty
  2. Listed by Chuck Iverson • DRE #01241096 • Brokerage DRE #00616212 • Coldwell Banker Realty

Property Details for 127 24th Street

Architectural Style
Bungalow, Cottage
View
Neighborhood, Ocean, Peek-A-Boo
Parking Spaces Total
0
Private Pool
No
Cooling Type
Wall/Window
Total Units
2.0
Building Type
Detached
Living Area
1628

Location

Listing Courtesy of Coldwell Banker Realty, Marie Gentosi, DRE #01919984; Coldwell Banker Realty, Chuck Iverson, DRE #01241096

Sold By Regency Real Estate Brokers, Ronald Maddux, DRE #01438203

Add your commute
LISTING UPDATED: 05/26/2021 10:05 PM

Property Details for 127 24th Street

StatusClosed
MLS #OC21004144
Days on Market86
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1932
Lot Size0.04 AC / 1,750 SF
CountyOrange County

Location

Listing Courtesy of Coldwell Banker Realty, Marie Gentosi, DRE #01919984; Coldwell Banker Realty, Chuck Iverson, DRE #01241096

Sold By Regency Real Estate Brokers, Ronald Maddux, DRE #01438203

Add your commute

Virtual Tour

Building Information for 127 24th Street

Stories2Residences-Year Built1932Building Size-Lot Size0.04 AC / 1,750 SF

Payment Calculator

$11,573 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,823

Property Taxes

$1,750

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 127 24th Street

Rental Info
Rental Info
  • Tenant Pays: None
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Other Income Description: Estimates, buyer to verify.
  • Gross Multiplier: 17.0
  • Cap Rate: 4.2
  • Financing: Conventional
Expense Details
  • Operating Expense: $0
  • New Taxes Expense: $0
  • Fuel Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 512
  • Tax Lot: 22
Community / Development
Community / Development
  • Accessibility Features: No Interior Steps
  • Disability Access: No Interior Steps
  • Assessments YN: Yes
  • Assessments: Special Assessments, Buyer to Verify
  • Community Features: Biking, Curbs, Fishing, Park, Watersports, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Disposal, Gas Oven, Refrigerator, Tankless Water Heater
  • Equipment: Inside, Laundry Closet Stacked, Refrigerator, Stackable W/D Hookup
  • Interior Features: Ceiling Fan(s)
  • Room Type: Main Floor Bedroom
  • Bedroom Features: Main Floor Bedroom
  • Water Heater Features: Tankless
  • Water Heater Type: Tankless
  • Laundry: Yes
  • Laundry Features: Inside, Stackable
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Natural Gas, Space Heater
  • Heat Source: Natural Gas
  • Heating: Wall Furnace, Space Heater, Natural Gas
  • Flooring: Carpet, Tile
  • Virtual Tour URL Branded: https://vimeo.com/499366707
  • Virtual Tour URL Unbranded: https://vimeo.com/499366707
Exterior Features
  • Door Features: Mirror Closet Door(s)
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Wood Siding
  • Exterior: Wood
  • Exterior Features: Lighting, Rain Gutters
  • Roof: Composition
  • Entry Location: Ground
  • Fence: Yes
  • Fence: Stucco Wall
  • Fencing: Block, Good Condition, Stucco Wall
  • Foundation Details: Raised, See Remarks
  • Property Condition: Turnkey, Updated/Remodeled
  • Miscellaneous: Value in Land
  • View Description: Ocean, Peek-A-Boo
  • Waterfront Features: Across the Road from Lake/Ocean, Beach Access, Ocean Access, Ocean Side of Freeway, Ocean Side Of Highway 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Green Info
  • Walk Score: 84
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Level with Street, Rectangular Lot, Level, Near Public Transit, No Landscaping, Park Nearby, Value In Land
  • Direction Faces: East
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage: On street, Public
  • Uncovered Spaces: 0
  • Open Other Spaces Total: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Public, Street
Property / Structure Info
  • Builders Tract Name: West Newport Beach
  • Builders Tract Code: West Newport Beach (WSNB)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number With Refrigerator: 3

Property History for 127 24th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 127 24th Street

Taxable ValueLand$1,716,660Additions$156,060Total$1,872,720
Tax Record2023$21,001 ($1,750 / month)
Home Facts
Total Finished SqFt700 SqFtAbove Grade Finished SqFt700 SqFtLot Size1,750 SqFtStyleTriplexYear Built1917CountyORANGEAPN047-141-27

Schools near 127 24th Street

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Newport Elementary School
PublicK to 6

Horace Ensign Intermediate School
Public7 to 8

Newport Harbor High School
Public9 to 12

Monte Vista High School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Coldwell Banker Realty, Marie Gentosi, DRE #01919984; Coldwell Banker Realty, Chuck Iverson, DRE #01241096

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.