NOT LISTED FOR SALE
6 Beds
3 Baths
2,816 Sq Ft
3,890 Sq Ft Lot

Last Sold August 31, 2021

Last sale price $3,595,000 $1,277 Per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • 1-minute walk to 38th Street Park
  • Newport Elementary School Rated A

About This Home

As of August 2021

3rd door from sand original Oceanaire duplex with some upgrades on oversized lot 45 X 90. 4 bedrooms-2 baths in upper and 2 bedrooms-1 bath in lower unit. Plenty of parking on side and carports. Property sold before processing. Fresh exterior paint. Large patio on lower unit. All open parking. 3 carports with room for cars behind and additional parking on the side for medium to small cars. No Short Term Permit.

Last Agent to Sell the Property

Jim Jacobs

Jim Jacobs Realty License #00868230 Listed on: 08/16/2021

Co-Listed By

Jason Jacobs

Jim Jacobs Realty License #02108263

Last Buyer's Agent

Nick Hajjar

First Team Real Estate License #01950618

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 3,890 Sq Ft Lot
  • 1 Common Wall
  • Value in Land

Home Design

  • Duplex

Interior Spaces

  • 2,816 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 7 Parking Spaces
  • 3 Carport Spaces

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 21
  • Tax Tract Number 3813
  • Assessor Parcel Number 42333112
  • $501 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • West Newport Beach Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Water Sports

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,700
  • Trash Expense $780
  • Water Sewer Expense $750
  • Operating Expense $2,480
  • Gross Income $92,400
  • Net Operating Income $92,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

3,890 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: West Newport Beach (WSNB)
  • Water Sewer Expenses: 750.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 42333112
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 1276.63

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Trash Expense: 780.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Watersports

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Value In Land
  • Lot Size Sq Ft: 3890.00
  • Lot Size Acres: 0.0893

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 92400.00
  • Gross Scheduled Income: 92400.00
  • Insurance Expense: 1700.00
  • Lot Size Area: 3890.0000 Square Feet
  • Net Operating Income: 92400.00
  • 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: Yes
  • Total Expenses: 2480.00

Tax Info

  • Tax Census Tract: 635.00
  • Tax Lot: 21
  • Tax Tract Number: 3813
  • TaxOtherAnnualAssessmentAmount: 501.00
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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 List to Sale Price per Sq Ft
08/31/2021 08/31/21 Sold $3,595,000 +1.3% $1,277 / Sq Ft
08/16/2021 08/16/21 Pending -- -- --
08/16/2021 08/16/21 For Sale $3,550,000 -- $1,261 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $39,902 $3,815,042 $3,655,861 $159,181
2024 $39,902 $3,740,238 $3,584,178 $156,060
2023 $38,969 $3,666,900 $3,513,900 $153,000
2022 $38,324 $3,595,000 $3,445,000 $150,000
2021 $6,105 $532,088 $347,223 $184,865
2020 $6,046 $526,633 $343,663 $182,970
2019 $5,929 $516,307 $336,924 $179,383
2018 $5,814 $506,184 $330,318 $175,866
2017 $5,713 $496,259 $323,841 $172,418
2016 $5,590 $486,529 $317,491 $169,038
2015 $5,534 $479,221 $312,722 $166,499
2014 $5,405 $469,834 $306,596 $163,238
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP21181048

California Regional Multiple Listing Service (CRMLS)

APN: 423-331-12

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