NOT LISTED FOR SALE

Estimated Value: $5,906,000 - $7,588,000

4 Beds
2 Baths
1,650 Sq Ft
$4,125/Sq Ft Est. Value

Highlights

  • Ocean View
  • Main Floor Primary Bedroom
  • Living Room
  • Newport Elementary School Rated A
  • Breakfast Area or Nook
  • 2-minute walk to Balboa Peninsula Park

About This Home

As of November 2013

Annual Lease! Oceanfront 4 bedroom, 2 bath, bottom floor of tri-plex with large patio! Updated with Granite countertops, travertine showers, new carpet in bedrooms. $3800 includes utilites.

Last Agent to Rent the Property

Chris Brigandi

Arbor Real Estate License #00982965 Listed on: 10/18/2012

Arbor Real Estate

Last Renter's Agent

Jill Lockhart

Livel Real Estate License #01913762

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $64,079

Year Built

  • Built in 1965

Lot Details

  • 3,510 Sq Ft Lot
  • Lot Dimensions are 30x117
  • No Units Located Below

Property Views

  • Ocean
  • Coastline
  • Views of a pier

Home Design

  • Apartment
  • Stucco

Interior Spaces

  • 1,650 Sq Ft Home
  • Living Room
  • Tile Flooring

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Carport
  • Parking Available
  • Parking Lot

Accessible Home Design

  • No Interior Steps

Utilities

  • Heating Available
  • Sewer Paid

Listing and Financial Details

  • Security Deposit $3,800
  • Rent includes association dues, electricity, gas, trash collection, water
  • 12-Month Minimum Lease Term
  • Legal Lot and Block 5 / 16
  • Tax Tract Number 105
  • Assessor Parcel Number 04814405

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$64,079

Year Built

Built in 1965

Lot Details

0

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 3800
  • Furnished: Unfurnished

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Balboa Peninsula (Residential)
  • View: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Lease
  • Parcel Number: 04814405
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1650.00
  • Common Walls: No One Below
  • Flooring: Tile
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Eating Area: Area, Breakfast Nook
  • Levels: Three Or More
  • Price Per Square Foot: 2.30
  • Room Type: Living Room, Main Floor Bedroom, Main Floor Master Bedroom

Exterior Features

  • Patio: No
  • View: Coastline, Ocean, Pier
  • Fence: No
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport, Parking Space
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Lot Size: 30x117
  • Lot Size Sq Ft: 3510.00
  • Lot Size Acres: 0.0810

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 3510.0000 Square Feet
  • Rent Includes: Association Dues, Electricity, Gas, Trash Collection, Water

Tax Info

  • Tax Block: 16
  • Tax Lot: 5
  • Tax Tract Number: 105

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 6, 2013
Sold by
Sell Bradley H and Sell Mary Valentine
Bought by
Grothe John P and Grothe June A
Current Estimated Value
$6,806,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,900,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 19, 2011
Sold by
Sell Laura Jo
Bought by
Sell Laura Jo and The Laura Jo Sell Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Grothe John P $3,900,000 Stewart Title Of California
Sell Laura Jo -- None Available
Sell Bradley H -- None Available
Sell Laura Jo -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grothe John P $2,560,000
Previous Owner Grothe John P $2,900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2013 11/07/13 Rented $4,000 +5.3% --
11/07/2012 11/07/12 Under Contract -- -- --
10/18/2012 10/18/12 For Rent $3,800 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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
2025 $64,079 $6,175,779 $4,599,938 $1,575,841
2024 $64,079 $6,054,686 $4,509,743 $1,544,943
2023 $62,583 $5,935,967 $4,421,317 $1,514,650
2022 $61,551 $5,819,576 $4,334,625 $1,484,951
2021 $60,365 $5,705,467 $4,249,632 $1,455,835
2020 $59,750 $5,646,965 $4,206,057 $1,440,908
2019 $58,499 $5,536,241 $4,123,586 $1,412,655
2018 $57,328 $5,427,688 $4,042,732 $1,384,956
2017 $54,741 $5,165,195 $3,963,463 $1,201,732
2016 $45,302 $4,282,406 $3,885,749 $396,657
2015 $42,888 $3,995,981 $3,827,382 $168,599
2014 $41,878 $3,917,706 $3,752,409 $165,297
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U12004055

California Regional Multiple Listing Service (CRMLS)

APN: 048-144-05