205 40th Street, Newport Beach, CA 92663

$3,100,000 Asking Price

5 beds
5 baths
2,251  sqft
Built in 1955

Investment opportunity nestled on the Peninsula in Newport Beach, this meticulously maintained duplex features a two-story front unit with 3 bedrooms and 2.5 baths, a two car garage for parking and an office/den. Recently upgraded with gleaming hardwood floors, remodeled bathrooms, plush new carpet in bedrooms, one bedroom has ocean view, and stylish finishes throughout, the front unit exudes modern comfort. The rear unit, situated upstairs above the garage and carport, offers 2 bedrooms, two full baths, a spacious living area, its own convenient laundry hookup, and a tandem carport. Renovations completed in the last five years include a new underground sewer system for both units, upgraded interior plumbing, and new electrical systems with updated panels, switches, and outlets. Extensive exterior and interior woodwork on windows and doors, new garage door, and refinished wood flooring and paneling further enhance the property's appeal. Presented in turnkey condition, this property showcases pride of ownership at every turn. This is a must see for those that are looking for a quality investment property and for those that might want to live in the front and rent out the back.

Features & Amenities

Interior

General:
Beamed Ceilings
Laundry:
Laundry Room,Other/Remarks,Inside
Flooring:
Carpet,Laminate,Wood
A/C:
N/K
Heating:
Forced Air Unit,Wall/Gravity
Fireplace:
FP in Living Room,Gas

Exterior

Pool:
None
Parking:
Parking spaces: 4

Construction

General:
2 Story

Location

HOA Amenities:
0.0
Originating MLS:
California Regional MLS
County:
Orange

Lot

Zoning:
42330607
View:
N/K
Fencing:
Stucco Wall,Wood

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
California Regional MLS

This listing courtesy of:
Jim Jacobs Realty, Jim Jacobs

About Newport Beach, CA

Housing

Number of Units
32,933
Median Home Value
$1,108,062
Median Rent
$2,050

52.55% of housing units are renter occupied.

15.14% are vacant.

Commute

Car
52.33%
Public Transportation
0.19%
Walk to Work
1.03%
Work from Home
45.11%
Other
0.65%

The median travel time to work is 15 minutes.

People

Population
61,724
Median Age
46.20
Median Household Size
2.43

Education

High School
7.46%
Associate’s Degree
6.48%
Bachelor’s Degree
40.94%
Graduate Degree
26.28%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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