Seller's Agent in 2023
Bob Kurz
RE/MAX
(562) 884-3334
1 in this area
47 Total Sales
128 39th St Newport Beach, CA 92663
West Newport Beach Neighborhood
5
Beds
3
Baths
2,100
Sq Ft
2,375
Sq Ft Lot
Highlights
- Ocean View
- Property has ocean access
- Ocean Side of Highway 1
- Newport Elementary School Rated A
- Fishing
- 2-minute walk to 38th Street Park
About This Home
As of February 2023Best Value! Best Location! Priced at least $200k below appraised value! This high income producing ocean view duplex is located within the most wanted first block to the Pacific Ocean. This property is just 7 houses from the sand. First floor consists of 3 bedrooms, 2 baths, large front patio with ocean view and a laundry room for both units. The upper floor consists of 2 bedrooms, 1 bath with a deck. Villas recently received comprehensive remodel and has new d cor with top of the line make over and furnishings. Property comes with an oversize 2 car garage and an additional parking space in front of garage on the alley side. Outdoor shower enhances the outdoor living lifestyle. All baths are finished with custom marble/ natural stone and flooring materials consist of natural stone (Sea Grass), tiles and wood floor. This is an excellent opportunity for an end user/ family as their primary or a second home at the beach. These beach villas offer the ability to rent the villas as vacation rentals and/or long term rentals as the buyer desires. Excellent turnkey property for 1031 exchange with an exceptional income of over $125K for 2016. Currently used as short term furnished rentals. This property consistently produced income in excess of $110K over the years. Do not let this opportunity slip away. Villas offer natural lighting with ocean views and elegant outdoor settings and within arms-reach of fine beaches, surf spots, restaurants, Hoag Hospital & affluent shopping centers.
Last Agent to Sell the Property
Tri-Star Realty License #00634943 Listed on: 10/14/2016
Last Buyer's Agent
ROBERT IRISH
LAKE HILLS REALTY INC License #01364068
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $35,422
Year Built
- Built in 1930
Lot Details
- 2,375 Sq Ft Lot
- No Common Walls
- Level Lot
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
Home Design
- Spanish Architecture
- Raised Foundation
- Slab Foundation
- Fire Rated Drywall
- Composition Roof
- Stucco
Interior Spaces
- 2,100 Sq Ft Home
- Crown Molding
- Ceiling Fan
- Recessed Lighting
- Double Pane Windows
- Living Room
- Storage
- Ocean Views
Kitchen
- Gas Range
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Wood
- Stone
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Mirrored Closets Doors
- 3 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Accessible Home Design
- Doors swing in
- No Interior Steps
Outdoor Features
- Property has ocean access
- Beach Access
- Ocean Side of Highway 1
- Outdoor Grill
Utilities
- Heating System Uses Natural Gas
- Wall Furnace
- Cable TV Available
Listing and Financial Details
- Tax Tract Number 670
- Assessor Parcel Number 42332202
- Tax Block 38
Community Details
Overview
- 2 Units
Recreation
- Fishing
Building Details
- 2 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Gross Income $125,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 21, 2023
Closed on
Feb 17, 2023
Sold by
Andrus John and Andrus Michelle
Bought by
Mj 139Th Llc
Seller's Agent
Bob Kurz
Re/Max Olympic
Buyer's Agent
Jodi DiTolla
DiTolla Real Estate
List Price
$3,250,000
Sold Price
$3,250,000
Total Days on Market
48
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.52%
Original Mortgage
$2,437,500
Interest Rate
5.38%
Mortgage Type
New Conventional
Purchase Details
Listed on
Feb 21, 2023
Closed on
Jan 25, 2023
Sold by
Pedro Paseo Llc
Bought by
Andrus John and Andrus Michelle
Seller's Agent
Bob Kurz
Re/Max Olympic
Buyer's Agent
Jodi DiTolla
DiTolla Real Estate
List Price
$3,250,000
Sold Price
$3,250,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,437,500
Interest Rate
5.38%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 21, 2019
Sold by
Shuey Fred J and Mercado Shuey Alma
Bought by
Mercado Shuey Trust
Purchase Details
Listed on
Oct 14, 2016
Closed on
Dec 14, 2016
Sold by
Kumar T Muthu
Bought by
Shuey Fred Jacob and Mercado Shuey Alma Delia
Seller's Agent
Carl Wuestehube
Tri-Star Realty
Buyer's Agent
ROBERT IRISH
LAKE HILLS REALTY INC
List Price
$2,195,000
Sold Price
$2,090,000
Premium/Discount to List
-$105,000
-4.78%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.01%
Purchase Details
Closed on
Jan 7, 2016
Sold by
Kumar T Muthu and Mutho Kumar T
Bought by
Kumar T Muthu
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 27, 2004
Sold by
Kumar Simi M
Bought by
Kumar T Muthu and Mutho Kumar T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$466,000
Interest Rate
6.29%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Sep 18, 2003
Sold by
Garrett Timothy D and Garrett Marlo
Bought by
Kumar T Mutho and Kumar Simi M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$698,400
Interest Rate
3.64%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Jun 25, 2003
Sold by
Garrett Timothy D and Garrett Marlo
Bought by
Garrett Timothy D and Garrett Marlo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 19, 2002
Sold by
Garrett Timothy D and Garrett Marlo S
Bought by
Garrett Timothy D and Garrett Marlo
Purchase Details
Closed on
Jul 6, 2001
Sold by
Simon Jeffrey S
Bought by
Garrett Timothy D and Garrett Mario S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
7.15%
Mortgage Type
Balloon
Purchase Details
Closed on
Jun 17, 1997
Sold by
Simon Jeffrey S
Bought by
Simon Jeffrey S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
7.98%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 7, 1997
Sold by
Frady William E
Bought by
Simon Jeffrey S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
7.98%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | -- | |
| Grant Deed | $3,250,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $2,090,000 | Wfg Title Company Of Ca | |
| Interfamily Deed Transfer | -- | Lawyers Title | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Grant Deed | $873,000 | Southland Title Corporation | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $575,000 | United Title Company | |
| Interfamily Deed Transfer | -- | Fidelity National Title Ins | |
| Grant Deed | $359,090 | Fidelity National Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $2,437,500 | New Conventional | |
| Previous Owner | $350,000 | New Conventional | |
| Previous Owner | $1,280,000 | Negative Amortization | |
| Previous Owner | $466,000 | Credit Line Revolving | |
| Previous Owner | $250,000 | Credit Line Revolving | |
| Previous Owner | $698,400 | Negative Amortization | |
| Previous Owner | $371,000 | Purchase Money Mortgage | |
| Previous Owner | $275,000 | Balloon | |
| Previous Owner | $28,900 | Small Business Administration | |
| Previous Owner | $288,000 | Purchase Money Mortgage | |
| Closed | $36,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/29/2025 05/29/25 | For Sale | $7,100,000 | +118.5% | $2,752 / Sq Ft |
| 02/21/2023 02/21/23 | Sold | $3,250,000 | 0.0% | $1,413 / Sq Ft |
| 02/21/2023 02/21/23 | Pending | -- | -- | -- |
| 02/21/2023 02/21/23 | For Sale | $3,250,000 | +14.0% | $1,413 / Sq Ft |
| 04/22/2022 04/22/22 | Sold | $2,850,000 | -3.4% | $893 / Sq Ft |
| 02/11/2022 02/11/22 | Pending | -- | -- | -- |
| 11/19/2021 11/19/21 | For Sale | $2,950,000 | +41.1% | $924 / Sq Ft |
| 01/04/2017 01/04/17 | Sold | $2,090,000 | -4.8% | $995 / Sq Ft |
| 10/14/2016 10/14/16 | For Sale | $2,195,000 | -- | $1,045 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $35,422 | $3,315,000 | $3,221,631 | $93,369 |
| 2023 | $30,997 | $2,907,000 | $2,820,848 | $86,152 |
| 2022 | $24,548 | $2,285,719 | $2,210,340 | $75,379 |
| 2021 | $24,079 | $2,240,901 | $2,167,000 | $73,901 |
| 2020 | $23,847 | $2,217,924 | $2,144,780 | $73,144 |
| 2019 | $23,356 | $2,174,436 | $2,102,726 | $71,710 |
| 2018 | $22,892 | $2,131,800 | $2,061,496 | $70,304 |
| 2017 | $11,743 | $1,069,479 | $988,349 | $81,130 |
| 2016 | $11,483 | $1,048,509 | $968,969 | $79,540 |
| 2015 | $11,373 | $1,032,760 | $954,414 | $78,346 |
| 2014 | $11,106 | $1,012,530 | $935,718 | $76,812 |
Source: Public Records
Agents Affiliated with this Home
-
Bob Kurz
-
Jodi DiTolla
Buyer's Agent in 2023
Jodi DiTolla
DiTolla Real Estate
(949) 228-7263
2 in this area
17 Total Sales
-
Carter Kaufman
Seller's Agent in 2022
Carter Kaufman
Compass
(949) 734-6500
4 in this area
160 Total Sales
-
J
Seller Co-Listing Agent in 2022
Jeremiah Wisdom
Coldwell Banker Realty
(949) 673-9900
-
Carl Wuestehube
Seller's Agent in 2017
Carl Wuestehube
Tri-Star Realty
(714) 791-6026
363 Total Sales
-
R
Buyer's Agent in 2017
ROBERT IRISH
LAKE HILLS REALTY INC
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC16725996
APN: 423-322-02
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