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207 38th St
Newport Beach, CA 92663 West Newport Beach

$2,325,000 USD

Multifamily For Sale  •  1,000 SF

Property Details

• Property Type Multifamily
• Total Building Size 1,000 SF
• Year Built 1952
• Cap Rate 1.00 %

30 Transit Score

60 Walk Score

Highlights

Steps to the Sand

Vacant Front Unit – Immediate Upside

Prime Redevelopment Opportunity

Trophy Newport Beach Location

Exceptional Long-Term Land Value in a Supply-Constrained Market

Motivated Seller/Trust Sale

Financial Summary (Actual)

Net Operating Income: $19,669 USD (2025)

Cap Rate:	1.00 %
Total Expenses:	$36,203 USD

Public Transportation

Airport	Drive	Walk	Distance
John Wayne/Orange County	12 min	-	6.4 mi
Long Beach (Daugherty Field)	32 min	-	23.5 mi
Los Angeles International	56 min	-	42.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	2
Type:	Covered
Included in Rent:	Yes