After more than 50 years, one of the most exclusive and largest interior corner lots on Newport Island is now available at 509 38th Street and 3801 Channel. The possibilities here are endless. Per Architects estimates, a luxurious 4,250 square foot custom home or duplex can be constructed on this 4,029 square foot lot. Currently, 2, 1 bedroom 1 bathroom, nicely appointed units with outdoor patios and two single car garages are available to be rented: each for approximately $3,000 a month. These rentals present a fantastic opportunity to offset carrying costs during the planning process to build or can simply be held as long-term rentals. Newport Island has a very intimate setting, positioned walking distance to the Ocean and steps from the Newport Harbor. Situated on the west side of the Island, Newport Island Park offers a kids play area, half-court basketball and grill area, all while enjoying views of the water. This is an opportunity that may only come once in a lifetime, don’t miss it.
Listed By CRMLS_CA / Brian Wollner / Coldwell Banker Realty / 949-444-3233
Last checked:
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Last updated Aug 26, 2023
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MLS# OC23016692 —
The Building
Year Built:
1960
Year Built Source:
Assessor
New Construction:
No
Construction Materials:
Stucco
Architectural Style:
Ranch
Roof:
Composition, Shingle
Exterior Features:
Rain Gutters
Common Walls:
No Common Walls
Number With Patio:
3
Building Area Total:
1374.00
Building Area Units:
Square Feet
# of Buildings:
1
Total Number Of Units:
2
Stories Total:
1
# of Separate Gas Meters:
2
# of Separate Water Meters:
1
# of Separate Electric Meters:
2
Interior
Features:
High Ceilings, Storage
Levels:
One
Window Features:
Blinds
Flooring:
Laminate, Tile
Room Type:
All Bedrooms Down, Family Room, Galley Kitchen, Kitchen, Laundry, Main Floor Bedroom
Fireplace:
No
Fireplace:
None
Laundry:
In Kitchen
Laundry:
1
Location
Directions:
Balboa Blvd., turn left on 38th, go over the bridge, located on the corner of 38th and Channel.
Latitude:
33.61943900
Longitude:
-117.93267700
The Property
Property Type:
Residential Income
Subtype:
Duplex
Zoning:
R2
Lot Features:
Corner Lot, Value In Land
Lot Size Area:
4029.0000
Lot Size Acres:
0.0925
Lot Size SqFt:
4029.00
Lot Size Source:
Assessor
Fencing:
Block
Fence:
Yes
Security Features:
Carbon Monoxide Detector(s), Smoke Detector(s)
Road Surface Type:
Paved
Additional Parcels:
No
Land Lease:
No
Listing Agent
Contact info:
No listing contact info available
Taxes
Tax Block:
538
Tax Census Tract:
635.00
Tax Tract:
164
Tax Lot:
2
Tax Rate:
1.05
The Listing
Buyer's Brokerage Compensation:
2.500%
Special Listing Conditions:
Standard
Buyer's Brokerage Compensation:
$2.50
Parcel Number:
42306403
Heating & Cooling
Heating:
1
Heating:
Central
Cooling:
No
Cooling:
None
Utilities
Sewer:
Public Sewer
Water Source:
Public
Appliances
Appliances:
Built-In Range, Dishwasher, Electric Oven, Electric Cooktop, Water Heater
Included:
Yes
The Community
Subdivision:
Newport Island (NEWI)
Subdivision:
Newport Island (NEWI)
Senior Community:
No
Neighborhood:
Newport Island
Features:
Biking, Dog Park, Park, Watersports, Sidewalks
Pool:
None
Private Pool:
No
Waterfront Features:
Ocean Side Of Highway 1
Spa Features:
None
Association:
No
Assessments:
No
Assessments:
None
Parking
Parking:
Yes
Parking:
Driveway, Concrete, Paved, Driveway Level, Garage, Garage - Single Door, Garage Door Opener
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date
Event
Source
Price
% Change
3/10/23
Mar 10, 2023
Sold
CRMLS_CA
$2,550,000
-7.3%
3/1/23
Mar 1, 2023
Pending
CRMLS_CA
$2,750,000
2/22/23
Feb 22, 2023
Relisted
CRMLS_CA
$2,750,000
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No additional history available
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Multifamily
Sold
on 3/10/2023
$2,550,000
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Listing Agents and Buyer’s Agents represent the two sides of a real estate transaction. As a Seller of a home, your Listing Agent represents your interests and will advise, consult and follow your instructions to sell your property at the best possible price and terms.
If you’re a Buyer, a Buyer’s Agent advises you throughout the transaction, helping you get the best deal and advocating for you. The Buyer’s Agent commission is also paid by the Seller, so the Buyer never sees a bill for their service.
Many first time Buyers believe they can work without a Buyer’s Agent and instead use the same agent as the Seller. When both Buyer and Seller use the same agent, known as “dual agency”, it can sometimes save on fees, but it also puts the agent in a conflict of interest, not fully representing either party.
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Listing Courtesy of: CRMLS_CA and Coldwell Banker Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of 23:19 on May 08.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
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Last updated Aug 26, 2023
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