Permitted Short-Term Rental
New
For Sale
$5,995,000
111 38th, Newport Beach, CA 92663
Two separately configured residences each include a kitchen, living room, dining area and assigned parking.
Property Size2,959 SF
Days on Market7
Property Features for 111 38th
General Information
Standard status
Active
Size
2,959 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Cap Rate
4.2%
Amenities
upper deck
lower patio
outdoor fire pit
stainless steel appliances
wine refrigerator
kitchen island
Building Details
Building Size
2,959 SF
Year Built
1963
Listing Agency:
Keller Williams Coastal Prop.
Listed By:
Lawrence Cech · License #02211873
(215) 519-8300
Source:
Summerperrygroup
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 4 at 7:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Coastal Prop.
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Investment Insights
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This duplex contains two independent residences: a two-bedroom, one-bathroom unit on the first floor and a three-bedroom, two-bathroom unit above. Both have their own kitchen, living room and dining area. Renovated interiors include kitchens with stainless steel appliances, wine refrigerators and islands with bar seating. Outdoor areas include an upper deck, lower patio and fire pit with built-in seating. The property was built in 1963.
The duplex is three houses from the beach on the Balboa Peninsula in Newport Beach. The oceanfront boardwalk, neighborhood restaurants, cafes and shops are nearby, as are Newport Pier and Lido Marina Village. Two assigned parking spaces are provided, one for each residence.
Two short-term rental permits are listed: SLP13962 and SLP13963. The residences can be rented separately or together, and the property is currently managed by AvantStay. The stated approximate cap rate is 4.2%; the seller reports gross rental income of over $320,000 in 2025. Buyer to verify property information, financials, expenses and permit status and transferability.
The duplex is three houses from the beach on the Balboa Peninsula in Newport Beach. The oceanfront boardwalk, neighborhood restaurants, cafes and shops are nearby, as are Newport Pier and Lido Marina Village. Two assigned parking spaces are provided, one for each residence.
Two short-term rental permits are listed: SLP13962 and SLP13963. The residences can be rented separately or together, and the property is currently managed by AvantStay. The stated approximate cap rate is 4.2%; the seller reports gross rental income of over $320,000 in 2025. Buyer to verify property information, financials, expenses and permit status and transferability.
Key Highlights
- Two residences: 2 bedrooms/1 bathroom downstairs and 3 bedrooms/2 bathrooms upstairs
- Two short‑term rental permits: SLP13962 and SLP13963
- Approximate cap rate of 4.2%
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,637
Businesses Nearby
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Business Placement
Demographics for 92663, CA
20,812
Population
12,348
Households
1.7
Avg Household Size
42
Median Age
64%
College-Educated
97%
High-School Grad
3.3 sq mi
ZIP Area
6,307
Density / Sq Mi
$138,271
Median Household Income
$77,157
Median Earnings
$2,717
Median Rent
$2,000,001
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured residences each include a kitchen, living room, dining area and assigned parking.
Where is this duplex located?
The property is located at 111 38th Newport Beach, CA.
What is the asking price?
The asking price for this property is $5,995,000.
What are key features of this property?
This property features: Two residences: 2 bedrooms/1 bathroom downstairs and 3 bedrooms/2 bathrooms upstairs; Two short‑term rental permits: SLP13962 and SLP13963; Approximate cap rate of 4.2%
