$2,400,000
203 6th StreetNewport Beach, CA 92661Balboa Peninsula (Residential)
Sold
505 38th Street sold on April 26, 2023 for $2,400,000. The details are below for reference.
505 38th Street, Newport Beach, CA 92663
- 1,474 sq ft
- Built 1940
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$2,400,000
Subdivision Newport Island
The home
About 505 38th Street
Opportunities abound with this charming bungalow-style Duplex on Newport Island. This is a great opportunity for an owner-user to live in this amazing neighborhood while, at the same time, generating monthly income. These units would make for fabulous long-term rentals as tenant demand is very strong on the island due to the location and the uniqueness of the neighborhood.
Also, this could be a phenomenal opportunity for someone who would like to start fresh and build their dream home in one of Newport Beach’s most coveted neighborhoods. The new construction possibilities include a single-family residence with an ADU, a duplex or possibly even two condos. Per the city, total allowable build up to 3,840 sq. ft. including garages.
Both units have two bedrooms and one bathroom and they share a two car garage and a laundry. The charming front unit is on the ground level with no steps and move-in ready. Tenants enjoy a sizable front patio for outdoor dining & relaxing, a quaint living space with wood-like floors, wainscotting, a dining room and an updated kitchen. The back unit, which is located over the garage, is just as charming with a lanai, perfect for morning coffee, a Dutch door and ample living space.
Situated on one of the eight islands in Newport Harbor, this neighborhood is about as special as you can get. Residents enjoy a gorgeous waterfront park equipped with a playground, a half basketball court, grill area and a baby beach that overlooks the channel. On any given day, you will find islanders launching paddle boards and kayaks from the baby beach as well as from various inlets around the neighborhood. Some residents lease moorings from the City of Newport Beach, which are located around the island. It’s a quick walk across the bridge and down two blocks to the locals’ favorite beach and surf spot. This is a community that enjoys getting together. Residents gather for parties in the park, for just about every major holiday and several times throughout the summer. Newport Island looks and feels very much like a private community but, in fact, it’s not. There are no monthly HOA dues.
In addition to the island, enjoy all that Newport Beach has to offer. Walk to several other nearby parks or bike to the Newport Beach Pier, Marina Park and The Balboa Fun Zone. Stroll the Peninsula and Lido Village for all of the fabulous shopping and dining establishments.
Property details for 505 38th Street
This duplex sits in the Newport Island neighborhood of Newport Beach in Orange County. It has 1,474 square feet of living space. The home was built in 1940. The MLS record lists the assessor parcel number as 423-064-04. Highlights include a two-car garage and bungalow architecture.
Specifications
Home Details
General Features
- Property Type
- Duplex
- MLS Number
- NP23022962
- Year Built
- 1940
- Lot Size (sq ft)
- 2,823
- Lot Size (acres)
- 0.0648
- Garage Spaces
- 2
- Parking Spaces
- 2
- Parcel Number
- 42306404
- On Market Date
- 2023-03-30
- Listing Terms
- Trust
Interior Features
- Interior Features
- Paneling Wainscoting, Unfurnished, Main Level Primary
- Appliances
- Gas Oven, Gas Range, Dryer, Washer
- Heating
- Wall Furnace
- Cooling
- None
- Laundry
- Common Area
- Common Walls
- No Common Walls
- Accessibility
- No Stairs
Exterior Features
- Architectural Style
- Bungalow
- Roof
- Composition
- Construction
- Stucco
- Foundation
- Slab
- Lot Features
- Near Park, Rectangular Lot
- Parking
- Door Multi, Garage
- Fencing
- Vinyl
- Pool Features
- None
- Sewer
- Public Sewer
- Water
- Public
- Units
- 2
Community Features
- Subdivision
- Newport Island (NEWI)
- Community Features
- Street Lights, Sidewalks, Park
The record
Property History for 505 38th Street
| Date | Event | Price | Note |
|---|---|---|---|
| Apr 26, 2023 | Sold | $2,400,000 | |
| Apr 24, 2023 | Status changed to Pending | From Active Under Contract | |
| Apr 13, 2023 | Status changed to Active Under Contract | From Active | |
| Mar 30, 2023 | Status changed to Active | From Coming Soon | |
| Mar 30, 2023 | Listed for sale | $2,399,000 |
No prior MLS sales on record for this home since 2012.
Added by Realatrends Real Estate
Flood, Fire and Earthquake Zones for 505 38th Street
We looked up this home's map point in public government maps. These facts are not part of the MLS listing.
Hazard zones
- Flood zone
Zone X, 0.2 percent annual chance flood hazard. Outside FEMA's Special Flood Hazard Area.
FEMA National Flood Hazard Layer, FIRM panel 06059C0381K effective March 21, 2019. Checked October 15, 2026.
- Fire hazard severity zone
Not in a fire hazard severity zone on the State Fire Marshal's map.
CAL FIRE, State Fire Marshal map for Local Responsibility Areas, March 24, 2025. Checked October 15, 2026.
- Earthquake fault zone
Outside the Alquist-Priolo Earthquake Fault Zones.
California Geological Survey, Earthquake Fault Zones map, Newport Beach quadrangle, released July 1, 1986. Checked October 15, 2026.
- Liquefaction zone
Inside a Seismic Hazard Zone for liquefaction.
California Geological Survey, Seismic Hazard Zones map, Newport Beach quadrangle, released April 15, 1998. Checked October 15, 2026.
- Landslide zone
Outside the earthquake-induced landslide zones.
California Geological Survey, Seismic Hazard Zones map, Newport Beach quadrangle, released April 15, 1998. Checked October 15, 2026.
- Tsunami hazard area
Inside the Tsunami Hazard Area on the State's evacuation planning map.
California Geological Survey and Cal OES, Tsunami Hazard Area map for Orange County (2021). Checked October 15, 2026.
Internet and charging
- Fixed internet
Fiber: AT&T, up to 5,000 Mbps, at 4 of 6 residential locations in this census block. Cable: Spectrum, up to 1,000 Mbps, at 6 of 6. Fixed wireless: Verizon, up to 300 Mbps, at 6 of 6.
FCC National Broadband Map, provider-reported data as of December 31, 2025, for census block 060590635002017, not for this address. Not endorsed by the FCC. Checked October 15, 2026.
- EV charging
Nearest public charger 0.2 miles away (ChargePoint, 2 Level 2 ports). 114 public charging ports within 3 miles.
U.S. Department of Energy, Alternative Fuels Data Center. Straight-line distance. Checked October 15, 2026.
These facts are for the listing's map point, which can sit off the lot. A zone line can also cross a lot, and agencies revise their maps. In cities, the fire zone line follows the State Fire Marshal's 2025 map; each city adopts its own map and may add areas. These lines are not a Natural Hazard Disclosure. Check the official maps and the seller's disclosures before you rely on them. Sources for the earthquake zone lines: Reproduced with permission, California Geological Survey, Webservice of Official Maps of Alquist-Priolo Earthquake Fault Zones (2025). Reproduced with permission, California Geological Survey, Webservice of Official Maps of Seismic Hazard Zones (2025).
Official maps
Next steps
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Selling near 505 38th Street
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The neighborhood
About Newport Beach
Set along the Pacific in Orange County, Newport Beach surrounds Newport Harbor, where Balboa Island, Lido Isle, and the Balboa Peninsula frame one of California's largest recreational harbors. The city stretches from the Balboa and Newport piers to Corona del Mar and Fashion Island, within the Newport-Mesa Unified School District.
Newport Beach home sales, past 12 months
- Homes sold
- 32
- Median price
- $3,771,500
- Median days on market
- 50
- Median per sq ft
- $1,832
Recorded MLS closings of duplexes, Nov 4, 2025 to Nov 4, 2026. Days on market run from listing to going under contract.
Recent Newport Beach sales
| Address | Closed | Price | Sq ft | Per sq ft | Days on market |
|---|---|---|---|---|---|
| 210 Opal | Oct 29, 2026 | $3,750,000 | 2,024 | $1,853 | 11 |
| 224 Amethyst | Sep 29, 2026 | $3,736,710 | 2,805 | $1,332 | 115 |
| 3709 W Balboa | Sep 14, 2026 | $2,200,000 | 600 | $3,667 | 47 |
| 2212 Laurel | Sep 3, 2026 | $3,235,000 | 2,000 | $1,618 | 8 |
| 510 Avocado | Aug 27, 2026 | $3,720,000 | 3,194 | $1,165 | 8 |
See 3 homes for sale in Newport Island Newport Beach housing market
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Listed by Jennifer Stock of Compass
Listing information updated Apr 26, 2023 at 11:49 AM PT. Source: CRMLS.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.