207 38th Street, Newport Beach, CA 92663

About this duplex

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.

Listing description from the June 2026 sale, as reported to CRMLS.

Sale history

$2,300,000

Sold June 2026 · listed $2,325,000, on market April 2026 · MLS #PW26082672 · Source: CRMLS

Listing Agent: Damien Breaux · Listing Office: Morgan Skenderian · Contact: db@morganskenderian.com · Bought with: Damien Breaux · Morgan Skenderian

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