505 38th Street
505 38th Street
Closed 4/26/23
Closed 4/26/23
Description
Also, this could be a phenomenal opportunity for someone who would like to start fresh and build their dream home in one of Newport...Opportunities abound with this charming bungalow-style Duplex on Newport Island. This is a great opportunity for an owner-user to live in this amazing neighborhood while, at the same time, generating monthly income. These units would make for fabulous long-term rentals as tenant demand is very strong on the island due to the location and the uniqueness of the neighborhood.
Also, this could be a phenomenal opportunity for someone who would like to start fresh and build their dream home in one of Newport Beach’s most coveted neighborhoods. The new construction possibilities include a single-family residence with an ADU, a duplex or possibly even two condos. Per the city, total allowable build up to 3,840 sq. ft. including garages.
Both units have two bedrooms and one bathroom and they share a two car garage and a laundry. The charming front unit is on the ground level with no steps and move-in ready. Tenants enjoy a sizable front patio for outdoor dining & relaxing, a quaint living space with wood-like floors, wainscotting, a dining room and an updated kitchen. The back unit, which is located over the garage, is just as charming with a lanai, perfect for morning coffee, a Dutch door and ample living space.
Situated on one of the eight islands in Newport Harbor, this neighborhood is about as special as you can get. Residents enjoy a gorgeous waterfront park equipped with a playground, a half basketball court, grill area and a baby beach that overlooks the channel. On any given day, you will find islanders launching paddle boards and kayaks from the baby beach as well as from various inlets around the neighborhood. Some residents lease moorings from the City of Newport Beach, which are located around the island. It’s a quick walk across the bridge and down two blocks to the locals’ favorite beach and surf spot. This is a community that enjoys getting together. Residents gather for parties in the park, for just about every major holiday and several times throughout the summer. Newport Island looks and feels very much like a private community but, in fact, it’s not. There are no monthly HOA dues.
In addition to the island, enjoy all that Newport Beach has to offer. Walk to several other nearby parks or bike to the Newport Beach Pier, Marina Park and The Balboa Fun Zone. Stroll the Peninsula and Lido Village for all of the fabulous shopping and dining establishments.
Listing Agents
![Jennifer Stock]()
jennifer.stock@compass.comP: 949.290.0227
![Brad Hinman]()
brad.hinman@compass.comP: 949.246.3221
Property Details for 505 38th Street
Location
Sold By Reason Real Estate, Brandon Hobbs, DRE #01929235
Property Details for 505 38th Street
| Status | Closed |
|---|---|
| MLS # | NP23022962 |
| Days on Market | 13 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Townhouse |
| MLS Type | Residential Income |
| Year Built | 1940 |
| Lot Size | 0.06 AC / 2,823 SF |
| County | Orange County |
Location
Sold By Reason Real Estate, Brandon Hobbs, DRE #01929235
Building Information for 505 38th Street
Payment Calculator
$15,238 per month
30 year fixed, 7.25% Interest
$13,098
$2,140
$0
Property Information for 505 38th Street
- Tenant Pays: Cable TV, Electricity, Gas
- Gross Income: $0
- Gross Scheduled Income: $0
- Net Operating Income: $0
- Financing: Cash
- Operating Expense: $0
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $0
- Tax Block: 538
- Tax Tract Number: 164
- Tax Census Tract: 635.00
- CFD/Mello-Roos Fee: $508
- Tax Lot: 3
- Accessibility Features: No Interior Steps
- Disability Access: No Interior Steps
- Assessments YN: Yes
- Assessments: Unknown
- Community Features: Park, Sidewalks, Street Lights
- Appliances: Gas Oven, Gas Range
- Equipment: Dryer, Washer
- Interior Features: Unfurnished, Wainscoting
- Room Type: Main Floor Master Bedroom
- Main Level Bathrooms: 1
- Main Level Bedrooms: 2
- Room Bathroom Features: Shower in Tub
- Bedroom Features: Main Floor Master Bedroom
- Laundry: Yes
- Laundry Features: Common Area, Dryer Included, Washer Included
- Fireplace Features: None
- Fireplace Rooms: None
- Fireplace: N/K
- Cooling: None
- Heating Type: Wall
- Heating: Wall Furnace
- Heat Equipment: Wall/Gravity
- Construction Materials: Stucco
- Exterior Construction: Stucco
- Exterior: Stucco
- Roof: Composition
- Entry Location: 1
- Fence: Yes
- Fence: Vinyl
- Fencing: Vinyl
- Foundation Details: Slab
- Structure Type: Duplex
- View Description: None
- Patio: Yes
- Patio: Patio
- Patio And Porch Features: Patio, Front Porch
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Sign on Property: Yes
- Lot Features: Rectangular Lot, Park Nearby
- Lease Considered: No
- Number Of Units: 2
- Available For Lease: No
- Land Lease: No
- Land Lease Purchase: No
- Land Lease Type: Fee
- Road Surface Type: Paved
- Road Frontage Type: City Street
- Levels: One, Two
- Water: Public
- Sewer: Public Sewer
- Sewer/Septic: Public Sewer
- Water Source: Public
- Garage Spaces: 2
- Parking: Yes
- Parking Garage: Garage - 2 Car
- Parking Non-Garage: Built-In Storage
- Parking Garage Spaces: 2
- Parking Garage: Garage - Two Door, Garage Door Opener
- Carport Spaces: 0
- Attached Garage: Yes
- Parking Features: Garage - Two Door
- Builders Tract Name: Newport Island
- Builders Tract Code: Newport Island (NEWI)
- Architectural Style: Craftsman/Bungalow
- Residential Styles: Townhome
- Residential Unit Location: No Common Walls
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Pro Forma: 4000
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Pro Forma: 3500
- Unit Type Type: 2
- Number Of Units Leased: 1
- Rent Controlled: No
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 2
- Number Of Separate Gas Meters: 2
- Number Of Separate Water Meters: 2
Property History for 505 38th Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 505 38th Street
Schools near 505 38th Street
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.
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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, Jennifer Stock, DRE #01427320; Compass, Brad Hinman, DRE #01186277
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.