207 38th Street, Newport Beach, CA 92663

• 2 beds

Property Description

Pleased to present 207 38th Street, a rare coastal investment opportunity located just steps from the beach in one of Newport Beachs 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 Status:

Pending

Date Added:

April 16, 2026

Data Last Updated:

May 20, 2026 at 3:12PM

Listing Office:

Morgan Skenderian : 949-251-8800

Listing Agent:

Damien Breaux : 949-584-0503

MLS ID:

PW26082672

Exterior

• Pool: N/K

Construction

• General: 1 Story

Location

• Originating MLS: California Regional MLS
• County: Orange

Lot

• Zoning: Assessor42330810

Financial

• Source: California Regional MLS