NOT LISTED FOR SALE

121 25th St Newport Beach, CA 92663

West Newport Beach Neighborhood
3 Beds
2 Baths
1,074 Sq Ft
1,742 Sq Ft Lot

Last Sold May 26, 2017

Last sale price $1,380,000 $1,285 Per Sq Ft

21 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Family Room
  • Newport Elementary School Rated A
  • Tile Flooring
  • Level Lot

About This Home

As of May 2017

It is all about LOCATION! FIXER/TEAR DOWN opportunity. This duplex is located in the 100 block several homes from the beach as well as walking distance to the Newport Pier, restaurants and shops in the Lido Marina Village. The front unit has 2 bedrooms - 1 Bath and is on the main street level. The back unit is located above the garage and has 1 bedroom - 1 Bath. Both units share the washer/dryer in the garage as well as each unit has 1 parking space in the 2 car garage. Both units have all gas appliances. There is an enclosed shower between the units which is being used as storage. Copper plumbing was installed approximately 15 years ago and a new roof was installed in 2016. Electrical is all original. This is a great opportunity for an Investor/Builder, Vacation home/rental or as a primary residence. Home is being sold "AS IS".

Last Agent to Sell the Property

Melanie Hane

Beach City Brokers License #01088943 Listed on: 02/24/2017

Beach City Brokers

Last Buyer's Agent

Melanie Hane

Beach City Brokers License #01088943 Listed on: 02/24/2017

Beach City Brokers

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 25'x70'
  • No Common Walls
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Fixer Upper

Interior Spaces

  • 1,074 Sq Ft Home
  • 2-Story Property
  • Family Room

Kitchen

  • Free-Standing Range
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Overhead Utilities
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 25
  • Tax Tract Number 512
  • Assessor Parcel Number 04709431

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,300
  • Other Expense $200
  • Trash Expense $300
  • Water Sewer Expense $300
  • New Taxes Expense $6,565
  • Operating Expense $9,665
  • Gross Income $42,000
  • Net Operating Income $32,335

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System
  • View: No
  • Water Sewer Expenses: 300.00
  • Property Condition: Fixer
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 04709431
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 1284.92
  • Room Type: Family Room

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Level, Utilities - Overhead
  • Lot Size: 25'x70'
  • Lot Size Sq Ft: 1742.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 42000.00
  • Gross Scheduled Income: 42000.00
  • Insurance Expense: 2300.00
  • Net Operating Income: 32335.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 1
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 9665.00
  • Other Expense: 200.00
  • Other Expense Description: Plumbing
  • Other Income Description: Estimates. Buyer to verify.
  • Rent Control: No
  • Total Actual Rent: 3500.00
  • Total Expenses: 9665.00

Tax Info

  • New Taxes Expense: 6565.00
  • Tax Census Tract: 635.00
  • Tax Lot: 25
  • Tax Tract Number: 512

Range of Values:

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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
05/26/2017 05/26/17 Sold $1,380,000 -7.3% $1,285 / Sq Ft
03/17/2017 03/17/17 Pending -- -- --
02/24/2017 02/24/17 For Sale $1,488,000 -- $1,385 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Melanie Hane

    Seller's Agent in 2017

    Melanie Hane

    Beach City Brokers

    (310) 528-5164

    31 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17037574

California Regional Multiple Listing Service (CRMLS)

APN: 047-094-31

California Orange County Newport Beach 92663 West Newport Beach

121 25th St, Newport Beach, CA

This home is located at 121 25th St, Newport Beach, CA 92663 since 24 February 2017. This property was built in 1956. 121 25th St 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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