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507 29th St Newport Beach, CA, 92663
$3,695,000 Commercial for sale Mixed Use
Iconic, mixed-use 2-unit building located in Newport Beach’s popular Cannery Village. This Mediterranean-style property offers one residential unit and one commercial office/retail space. Upstairs you will find an extremely large residential unit consisting of 4 bedrooms, 3 of which are en suite, and 3.5 bathrooms. THIS RESIDENTIAL UNIT HAS A SHORT-TERM LODGING PERMIT and is currently being used as a short-term rental. It is a generous 2,117 square feet and boasts peek-a-boo water views of the harbor from the living room and large front sundeck. Updated and remodeled throughout with thoughtfulness to preserve some of the original elements of the vibrant property. A perfectly placed center atrium brings an abundance of natural light into the center of the home. Vaulted ceilings, skylights, and open spaces give a sense of vastness. There is a laundry room conveniently located in the hallway. The primary bathroom has an oversized operable skylight that can be opened for natural air circulation. This residential unit has 2 dedicated garage spaces that are tandem parked. Downstairs you will find a versatile commercial office/retail space that is approximately 1,000 square feet. There is a dedicated bathroom for the commercial space and in the rear, you will find 4 car parking with e
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Property details
3,096 sqft interior area
Land area
3,100 sqft (0.07 acres)
Days on Verhouse
20
Address
507 29th St, Newport Beach, CA, 92663
City of California
Newport Beach
County
Orange
Year Built
1989
Parking Spaces
4
District
Listing
Virtual Tour
Nearby major retailers
Walmart Neighborhood Market
Trader Joe's
Albertsons
Supermarket: 3
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Listed by
Larry Birnbaum, LMB Enterprises
Name
Larry Birnbaum
License number
01363487
Brokerage company
LMB Enterprises
MLS #
CROC24087108
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Calculate your monthly payments
Mortgage
$11,345
Taxes
$0
HOA dues
$0
Mortgage
$739,000 / 20%
2.28%
30 years
Your amount
$11,345 / month
Lot details
TMK #04703317
Parcel nr.
04703317
92663 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 92663
38%
Families with children
National average: 39%
46%
Non family households
194,664
Population
$174,924
Average Income
Age & gender
Median age 42 years
More info
Commute types
86% commute by car
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Education level
31% have bachelor education
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Number of employees
3% work in management
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Vehicles available
41% have 2 vehicle
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Vehicles by gender
41% have 2 vehicle
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Housing market insights for
$3.45m
Neighborhood average
sales price*
sales price*
$2.25m
Neighborhood median
sales price*
sales price*
304
Number
of sales*
of sales*
Housing type
39% are single detacheds
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Rooms
43% of the houses have 4 or 5 rooms
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Bedrooms
63% have 2 or 3 bedrooms
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Owners vs Renters
53% are renters
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19.5 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Green energy efficient
Efficient
None
Price history
New Listing May 1, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| May 1, 2024 | New Listing | $3,695,000 | 0 | MLS #CROC24087108 |
| May 1, 2024 | Price Decrease | $3,695,000 -7.51% | 1193.48 | MLS #CROC24007802 |
| Apr 13, 2024 | Price Decrease | $3,995,000 -7.63% | 1290.37 | MLS #CROC24007802 |
| Jan 16, 2024 | New Listing | $4,325,000 | 1396.96 | MLS #CROC24007802 |
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Frequently Asked Questions about 507 29th St
What is 507 29th St?
507 29th St is a Commercial/Industrial propertywith 3,096 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
507 29th St, Newport Beach, CA, 92663.
What comparable properties are nearby?
Comparable nearby commercial properties include 3545 E Coast Hwy, 4440 Von Karman Ave, 799 W 17th St, 1762 Kenwood Pl, 132 E 18th St, 164 Walnut St.
Based on information from the bridgeMLS as of 05-20-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: May 02, 2024
Verhouse Last checked 1 minute ago
The closest grocery stores are Pavilions, 0.17 miles away and Vons 2513, 1.48 miles away.
The 92663 zip area has a population of 194,664, and 38% of the families have children. The median age is 42.88 years and 86% commute by car. The most popular housing type is "single detached" and 53% is renter.
