125 39th Street | Newport Beach

Offered at $1,995,000

This outstanding ocean-view duplex is in the coveted 100 block, just a stone’s throw away from sandy beaches and the crashing surf. This large, multi-family zoned property features a rare 4-bedroom, 2-bath unit upstairs and a 3-bedroom, 2-bath unit downstairs. Both units are very clean and have been upgraded and improved over the years. The upper unit features wood-beam vaulted ceilings throughout, an open kitchen with bamboo floors, newer appliances and a dining nook, a spacious great room with a fireplace and an ocean-view balcony.

UPPER 4-BEDROOM UNIT

The lower unit has been recently upgraded with newer travertine flooring, kitchen appliances, a breakfast bar and a remodeled bathroom. A front patio on the lower unit is ideal to take in the views, ocean air and summer barbecues. Enjoy newer dual-pane windows and sliders. A 2-car garage with a laundry facility is shared by the tenants. Great rental income and expense history is available (managed by Villa Rentals). The property is fully leased to strong tenants with varying lease maturity dates that are likely to extend if desired by the new owner. This could also be a great second beach home while offsetting the cost with rental income. This is a great turnkey income property in a 5-star location just a half block from the beach.

LOWER 3-BEDROOM UNIT

An Affiliate of LUXURY PORTFOLIO INTERNATIONAL®

© First Team Real Estate. All rights reserved. This representation is based on information from California Regional Multiple Listing Service, Inc., as of 02/16/2016. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. This is not intended to solicit a listed property. If your property is currently listed for sale with a broker, please disregard. 20721

Dean LueckREALTOR®

CalBRE# 01752859

949-275-1801dlueck@cox.net

www.deanlueck.com

• Approximately 2,500 square feet

• Zoned multi-family

• 4-bedroom, 2-bath upstairs unit

• 3-bedroom, 2-bath downstairs unit

• Lot size approximately 2,309 square feet

• Built in 1972

• Half block from beach

• Zoned R-2 multi-family