407 38th Street

Newport Beach, CA 92663

$4,450,000
Last Sold Price
6
Beds
5
Baths
2,253 Sq. Ft.
$1,975 / Sq. Ft.
2,253
Sq. Ft.
$1,975
per Sq. Ft.

Description

Welcome to coveted Newport Island! This stunning residence features a front home with 4 bedrooms, 3 bathrooms and a rear unit above the garage, which shares no common walls, with 2 bedrooms, 2 bathrooms, perfect for rental income or guests. Entering the 1,662 SF main house you are greeted with beautiful wide oak plank flooring and an impressive two-story open ceiling dining room with plenty of natural light. The dining room opens into the chef’s kitchen with Viking appliances, quartz countertops...Welcome to coveted Newport Island! This stunning residence features a front home with 4 bedrooms, 3 bathrooms and a rear unit above the garage, which shares no common walls, with 2 bedrooms, 2 bathrooms, perfect for rental income or guests. Entering the 1,662 SF main house you are greeted with beautiful wide oak plank flooring and an impressive two-story open ceiling dining room with plenty of natural light. The dining room opens into the chef’s kitchen with Viking appliances, quartz countertops and a wine fridge. Upstairs the spacious primary suite has a walk-in closet and bathroom with marble flooring, marble shower and a glass backsplash. The entire home is hardwired for surround sound, alarm, and has nest heating. The laundry/mud room is perfect after rinsing off from the beach in the outdoor shower. The rear home has similar characteristics as the front home, a full kitchen, walk-in closet and laundry in the unit. Off of one of the bedrooms is a private patio to enjoy your morning coffee. A spiral staircase leads to a rooftop deck adorned with string lights while you soak in the jacuzzi. Large 4 car garage with epoxy flooring, locking California closets and surfboard storage. The location could not be any more perfect, walk to the beach, the bay, Lido Village and the grocery store. Price includes all furniture except those excluded in the supplements.

Property Details for 407 38th Street

View
Canal
Parking Spaces Total
4
Private Pool
No
Cooling Type
Central Forced Air
Total Units
2.0
Building Type
Detached
Lot Size Source
Public Records
Living Area
2253

Location

Listing Courtesy of Compass, Hannah Dvorak, DRE #01941608

Sold By Arbor Real Estate, Matt Genova, DRE #01949027

Add your commute
LISTING UPDATED: 03/19/2024 09:37 AM

Property Details for 407 38th Street

StatusClosed
MLS #NP24030639
Days on Market3
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2018
Lot Size0.07 AC / 2,851 SF
CountyOrange County

Location

Listing Courtesy of Compass, Hannah Dvorak, DRE #01941608

Sold By Arbor Real Estate, Matt Genova, DRE #01949027

Add your commute

Building Information for 407 38th Street

Stories2Residences-Year Built2018Building Size-Lot Size0.07 AC / 2,851 SF

Payment Calculator

$26,494 per month

30 year fixed, 7.25% Interest

Principal and Interest

$24,285

Property Taxes

$2,209

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 407 38th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $216,000
  • Gross Scheduled Income: $216,000
  • Net Operating Income: $212,300
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $3,700
  • Gardener Expense: $1,200
  • Fuel Expense: $0
  • Pool Expense: $1,200
  • Electric Expense: $0
  • Insurance Expense: $1,300
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $3,700
Tax / Assessment Info
  • Tax Block: 438
  • Tax Tract Number: 164
  • Tax Census Tract: 635.00
  • CFD/Mello-Roos Fee: $611
  • Tax Lot: 15
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs, Fishing, Gutters, Park, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Barbecue, Dishwasher, Gas Range, Ice Maker, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan
  • Equipment: Barbeque, Dishwasher, Dryer, Dryer Included, Ice Maker, Inside, Microwave, Refrigerator, Room, Vented Exhaust Fan, Washer, Washer Included
  • Interior Features: Ceiling Fan(s), Furnished, High Ceilings, Home Automation System, In-Law Floorplan, Open Floorplan, Recessed Lighting, Storage, Two Story Ceilings, Wired for Data, Wired for Sound
  • Room Type: Family Room, Guest/Maid's Quarters, Kitchen, Laundry, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite, Walk-In Closet
  • Bedroom Features: Main Floor Bedroom, WalkInCloset
  • Water Heater Features: Tankless
  • Water Heater Type: Tankless
  • Laundry: Yes
  • Laundry Features: Dryer Included, Individual Room, Inside, Washer Included
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Wood
Exterior Features
  • Entry Location: Ground
  • Other Structures: Guest House
  • Property Condition: Turnkey
  • View Description: Canal
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: Private, Above Ground, Heated, Roof Top
  • Tennis Court: Guest House
Land/Lot Info
  • Lot Features: Landscaped, Rectangular Lot, Park Nearby, Sprinkler System, Sprinklers In Front
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Gravel
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Sewer Paid
  • Sewer/Septic: Sewer Connected
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Door Opener, Garage
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Garage, Garage Faces Rear, Garage Door Opener
Property / Structure Info
  • Builders Tract Name: Newport Island
  • Builders Tract Code: Newport Island (NEWI)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 13000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 5200
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 0
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 407 38th 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 407 38th Street

Taxable ValueLand$2,001,381Additions$468,887Total$2,470,268
Tax Record2023$26,507 ($2,209 / month)
Home Facts
Beds1Total Finished SqFt468 SqFtAbove Grade Finished SqFt468 SqFtStories1Lot Size2,851 SqFtStyleSingle Family ResidenceYear Built1946CountyORANGEAPN423-072-13Fireplace TypeHas Fireplace

Schools near 407 38th 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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Similar Sold 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.

Listing Courtesy of Compass, Hannah Dvorak, DRE #01941608

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.