NOT LISTED FOR SALE
5 Beds
4 Baths
1,867 Sq Ft
2,614 Sq Ft Lot

Last Sold July 20, 2016

Last sale price $1,750,000 $937 Per Sq Ft

80 Days on Market

Highlights

  • Ocean View
  • Cathedral Ceiling
  • Balcony
  • Newport Elementary School Rated A
  • No HOA
  • Laundry Room

About This Home

As of July 2016

Great Newport Peninsula Duplex on FIRST BLOCK just STEPS TO BEACH. Upper unit: 3 BD/2 BA with peek-a-boo ocean view. Upstairs has vaulted ceilings, inside laundry, balcony in front and large balcony in back too. Lower unit: 2 BD/2 BA with a nice front patio with peek-a-boo ocean view. Laundry area for downstairs unit is in the garage. 4 CAR PARKING GARAGE (2 are tandem). Both units have been nicely remodeled throughout with granite counter tops, stainless steel appliances and newer cabinets. Both kitchens open up to living room/dining room and both have a breakfast counter. Dual pane windows and doors. Brand-new exterior paint! Home is very close walking distance to Newport Beach restaurants, shopping, Newport pier and more! Both units have been successfully rented as winter (9 month) and summer (weekly) for many years. Wonderful opportunity on first block!

Last Listed By

Michael Buckley

RE/MAX One License #01384624 Listed on: 01/28/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 2,614 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls

Parking

  • 4 Car Garage
  • Parking Available

Property Views

  • Ocean
  • Peek-A-Boo

Interior Spaces

  • 1,867 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Living Room with Fireplace

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas Dryer Hookup

Outdoor Features

  • Balcony
  • Rain Gutters

Additional Features

  • Suburban Location
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 25
  • Tax Tract Number 28
  • Assessor Parcel Number 04709125

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $200
  • Water Sewer Expense $400
  • New Taxes Expense $3,500
  • Gross Income $8,000
  • Net Operating Income $82,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley
  • Subdivision Name Other: West Newport Beach (WSNB)
  • View: Yes
  • Water Sewer Expenses: 400.00
  • Property Type: Residential Income
  • Parcel Number: 04709125
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Cathedral Ceiling(s), Ceiling Fan(s)
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 937.33
  • Room Type: Living Room

Exterior Features

  • View: Ocean, Peek-A-Boo
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Central, Forced Air
  • Laundry Features: Gas Dryer Hookup, In Garage, Inside
  • Trash Expense: 200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Gutters, Sidewalks, Suburban

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2614.00
  • Price Per Lot Square Foot: 669.47
  • Lot Size Acres: 0.0600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 8000.00
  • Gross Scheduled Income: 96000.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 2614.0000 Square Feet
  • Net Operating Income: 82000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 14000.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3500.00
  • Tax Lot: 25
  • Tax Tract Number: 28

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
07/20/2016 07/20/16 Sold $1,750,000 -16.5% $937 / Sq Ft
04/17/2016 04/17/16 Pending -- -- --
01/28/2016 01/28/16 For Sale $2,095,000 -- $1,122 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16018041

California Regional Multiple Listing Service (CRMLS)

APN: 047-091-25