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Pleased to present 207 38th Street, a rare coastal investment opportunity located just steps from the beach in one of Newport Beach's most sought-after neighborhoods. Situated on a ±2,375 square foot lot, the property offers a unique combination of in-place income and significant upside potential, making it well-suited for investors, developers, or owner-users. The property consists of two 1-bedroom, 1-bathroom units, each approximately ±500 square feet. The front unit is currently vacant, providing immediate flexibility for renovation or occupancy, while the rear unit is leased on a month-to-month basis, allowing for optionality in repositioning or redevelopment timing. Built in 1952, the existing improvements present an opportunity for a buyer to execute a comprehensive renovation program to create high-end coastal rentals, or to redevelop the site into a new custom residence or luxury multifamily property, subject to city approvals. With its premier beach-close location, walkability to local amenities, and strong underlying land value, 207 38th Street represents a compelling opportunity to capitalize on one of the most desirable coastal markets in Southern California.
| DAYS ON MARKET | 4 | LAST UPDATED | 4/16/2026 |
|---|---|---|---|
| YEAR BUILT | 1952 | COMMUNITY | 699 - Not Defined |
| COUNTY | Orange | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AREA | 699 - Not Defined |
|---|---|
| LOT | 2374 sq ft |
| LOT DESCRIPTION | Rectangular Lot |
| LOT DIMENSIONS | 2375 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| TAXES | 26250 |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 4/20/26 2:21 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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