NOT LISTED FOR SALE
6 Beds
5 Baths
3,400 Sq Ft
2,614 Sq Ft Lot

Sale Details

Date Sold: November 18, 2016

Last sale price $2,475,000 $728 Per Sq Ft

107 Days on Market

Highlights

  • Ocean View
  • Beach Access
  • Ocean Side of Highway 1
  • Newport Elementary School Rated A
  • Primary Bedroom Suite
  • 1-minute walk to Channel Place Park

About This Home

As of November 2016

STUNNING BEACH PROPERTY!!! This spacious newly renovated TURNKEY duplex is steps to the sand in one of the most coveted beach communities in Newport Beach. Two units with one up and one down. peek-a-boo ocean view from second level balcony. Each unit has 3 spacious bedrooms and great open floor plan. Downstairs unit has hardwood floors with 3 full bathrooms, beautiful kitchen with bar open to living area, and living space with fireplace. Upper unit has large master suite with retreat, 2 bedrooms in the back both with sliding door access to large ocean view balcony, 4 full bathrooms, large living area with fireplace, dining room, and updated kitchen. Washer and dryer is available for both units on the side of the house. 2 car garage with additional parking spot next to the garage. Excellent opportunity to own a large beach house, vacation rental, or live in one unit and rent out the other.

Last Agent to Sell the Property

Dan Scodeller

Compass License #01915971 Listed on: 07/31/2016

Compass

Last Buyer's Agent

John Genova

Coldwell Banker Realty License #01870745

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 2,614 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Garage

Property Views

  • Ocean
  • Peek-A-Boo

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 3,400 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Recessed Lighting
  • Family Room with Fireplace
  • Living Room
  • Laundry in unit

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Retreat
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Double Master Bedroom
  • 5 Bathrooms

Outdoor Features

  • Beach Access
  • Ocean Side of Highway 1
  • Balcony
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 670
  • Assessor Parcel Number 42302115

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Cable TV Expense $1,000
  • Electric Expense $1,200
  • Insurance Expense $2,000
  • Trash Expense $480
  • Water Sewer Expense $500
  • New Taxes Expense $29,689
  • Operating Expense $35,669
  • Gross Income $27,000
  • Net Operating Income $207,331

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

2,614 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: West Newport Beach (WSNB)
  • View: Yes
  • Water Sewer Expenses: 500.00
  • Property Type: Residential Income
  • Parcel Number: 42302115
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Ceiling Fan(s), Furnished, Open Floorplan, Recessed Lighting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 727.94
  • Room Type: Family Room, Living Room, Master Bedroom, Main Floor Bedroom, Main Floor Master Bedroom, Master Suite, Retreat, Two Masters

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Laundry: Yes
  • Laundry Features: Common Area
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 2614.00
  • Price Per Lot Square Foot: 994.64

Multi Family

  • Cable TV Expense: 1000.00
  • Electric Expense: 1200.00
  • Gross Income: 27000.00
  • Gross Operating Income: 243000.00
  • Gross Scheduled Income: 324000.00
  • Insurance Expense: 2000.00
  • Net Operating Income: 207331.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 35669.00
  • Rent Control: No
  • Total Expenses: 35669.00
  • Vacancy Allowance Rate: 25.00
  • Waterfront Features: Beach Access, Ocean Side Of Highway 1

Tax Info

  • New Taxes Expense: 29689.00
  • Tax Lot: 22
  • Tax Tract Number: 670
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/22/2016 11/22/16 Off Market $2,475,000 -- --
11/21/2016 11/21/16 For Sale $2,599,990 +5.1% $765 / Sq Ft
11/18/2016 11/18/16 Sold $2,475,000 0.0% $728 / Sq Ft
11/18/2016 11/18/16 Sold $2,475,000 0.0% $728 / Sq Ft View Prior Sale
10/21/2016 10/21/16 Off Market $2,475,000 -- --
10/21/2016 10/21/16 For Sale $2,599,990 +5.1% $765 / Sq Ft
10/20/2016 10/20/16 Off Market $2,475,000 -- --
10/14/2016 10/14/16 Pending -- -- --
08/10/2016 08/10/16 Price Changed $2,599,990 0.0% $765 / Sq Ft
08/10/2016 08/10/16 Price Changed $2,599,900 -3.7% $765 / Sq Ft
07/31/2016 07/31/16 For Sale $2,699,990 +9.1% $794 / Sq Ft
07/21/2016 07/21/16 Off Market $2,475,000 -- --
06/27/2016 06/27/16 For Sale $2,699,990 0.0% $794 / Sq Ft
06/04/2016 06/04/16 For Sale $2,699,900 -- $794 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $30,178 $2,872,447 $2,679,082 $193,365
2024 $30,178 $2,816,125 $2,626,551 $189,574
2023 $29,471 $2,760,907 $2,575,050 $185,857
2022 $28,981 $2,706,772 $2,524,559 $182,213
2021 $28,427 $2,653,699 $2,475,058 $178,641
2020 $28,154 $2,626,489 $2,449,679 $176,810
2019 $27,572 $2,574,990 $2,401,646 $173,344
2018 $27,024 $2,524,500 $2,354,554 $169,946
2017 $26,546 $2,475,000 $2,308,386 $166,614
2016 $10,343 $939,394 $754,105 $185,289
2015 $10,243 $925,284 $742,778 $182,506
2014 $10,003 $907,159 $728,228 $178,931
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16139525

California Regional Multiple Listing Service (CRMLS)

APN: 423-021-15

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