NOT LISTED FOR SALE

1027 W Bay Ave Unit 2 Newport Beach, CA 92661

Central Newport Beach Neighborhood
5 Beds
4 Baths
2,942 Sq Ft
4,497 Sq Ft Lot

Last Sold March 03, 2020

Last sale price $2,600,000 $884 Per Sq Ft

3 Days on Market

Highlights

  • Golf Course Community
  • Newport Elementary School Rated A
  • Bike Trail

About This Home

As of March 2020

Here is a very large R2 Corner Lot. The existing property is a tear down. Property is being sold for lot value. Sellers will do no corrective work.
Lots of Potential. R2 Lot sits on a corner. Approx 4497. sq foot lot. Buyer will need to verify size of lot and what size structure they will be allowed to build with the City of Newport Beach.

Last Agent to Sell the Property

Jim Heydorff

Jim Heydorff License #01127234 Listed on: 02/01/2020

Last Buyer's Agent

Irv Tons

Pointe Real Estate, Inc. License #00813310

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 4,497 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Interior Spaces

  • 2,942 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 1 / 6
  • Tax Tract Number 626
  • Assessor Parcel Number 04726401

Community Details

Overview

  • 2 Units

Recreation

  • Golf Course Community
  • Water Sports
  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 04726401
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 883.75

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Golf, Watersports, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4497.00
  • Lot Size Acres: 0.1032

Multi Family

  • Lot Size Area: 4497.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 628.00
  • Tax Lot: 1
  • Tax Tract Number: 626

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
03/03/2020 03/03/20 Sold $2,600,000 -6.5% $884 / Sq Ft
02/01/2020 02/01/20 For Sale $2,780,000 -- $945 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jim Heydorff

    Seller's Agent in 2020

    Jim Heydorff

    Jim Heydorff

    (949) 290-5464

    1 in this area

    1 Total Sale

    Jim Heydorff
    Section Image

  • I

    Buyer's Agent in 2020

    Irv Tons

    Pointe Real Estate, Inc.

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP20023002

California Regional Multiple Listing Service (CRMLS)
California Orange County Newport Beach 92661 Central Newport Beach

1027 W Bay Ave Unit 2, Newport Beach, CA

This home is located at 1027 W Bay Ave Unit 2, Newport Beach, CA 92661 since 01 February 2020. This property was built in 1945. 1027 W Bay Ave Unit 2 is a home located in Orange County with nearby schools including Newport Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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