NOT LISTED FOR SALE

121 Abalone Ave Newport Beach, CA 92662

Balboa Island Neighborhood
7 Beds
4 Baths
3,048 Sq Ft
2,614 Sq Ft Lot

Last Sold February 14, 2014

Last sale price $2,000,000 $656 Per Sq Ft

6 Days on Market

Highlights

  • Marina
  • Property has ocean access
  • Fishing
  • Abraham Lincoln Elementary School Rated A
  • Marina View
  • Two Primary Bedrooms

About This Home

As of February 2014

LOCATION! LOCATION! LOCATION! GREAT INVESTMENT OPPORTUNITY! This duplex is situated on quaint Little Balboa Island which is one of the finest exclusive areas of Newport Beach. The property comprises of two units. Unit A features 3 large bedrooms and 2 bathrooms down stairs and unit B features 4 large bedrooms and 2 bathrooms upstairs and a deck) Little Balboa Island.. Both units have entries at ground level. Much tender loving care is needed right now, although the LOCATION IS FABULOUS and FULL OF OPPORTUNITIES! This island is nestled within proximity of fine shopping at Fashion Island, exclusive resorts and spas, fabulous beaches, and entertainment galore. Little Balboa is a perfect relaxing getaway hot spot. Whether you want to stroll around the island of Balboa, visit the local shops and restaurants, rent a kayak or take a ride across the ferry to see the superb waves of the wedge, all is merely steps away.

Last Agent to Sell the Property

Cameon Morgan

Cameon Morgan, Broker License #01401245 Listed on: 01/29/2014

Cameon Morgan, Broker

Co-Listed By

Paul Morgan

Arbor Real Estate License #01332164

Last Buyer's Agent

Cameon Morgan

Cameon Morgan, Broker License #01401245 Listed on: 01/29/2014

Cameon Morgan, Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 2,614 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Value in Land

Property Views

  • Marina
  • Harbor
  • Peek-A-Boo

Home Design

  • Cape Cod Architecture
  • Property Attached
  • Entry on the 1st floor
  • Fixer Upper
  • Flat Roof Shape
  • Slab Foundation
  • Tar and Gravel Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,048 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Great Room with Fireplace
  • Living Room with Attached Deck

Kitchen

  • Walk-In Pantry
  • Electric Oven
  • Electric Range
  • Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom on Main
  • Double Master Bedroom
  • Multi-Level Bedroom
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Parking

  • 2 Car Garage
  • 2 Attached Carport Spaces
  • Oversized Parking
  • Parking Storage or Cabinetry
  • Parking Available
  • Side by Side Parking
  • Off-Street Parking

Accessible Home Design

  • More Than Two Accessible Exits
  • Accessible Parking

Outdoor Features

  • Property has ocean access
  • Ocean Side of Highway 1
  • Living Room Balcony
  • Exterior Lighting

Location

  • Property is near public transit

Utilities

  • Radiant Heating System
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 13 / 1
  • Tax Tract Number 103
  • Assessor Parcel Number 05018124

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Marina
  • Fishing

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $900
  • Insurance Expense $1,200
  • Trash Expense $600
  • Water Sewer Expense $600
  • New Taxes Expense $19,040
  • Net Operating Income $1

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Subdivision Name Other: Balboa Island - Little Island (BALL)
  • View: Yes
  • Water Sewer Expenses: 600.00
  • Architectural Style: Cape Cod
  • Property Condition: Fixer
  • Property Type: Residential Income
  • Parcel Number: 05018124
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Ceiling Fan(s), Living Room Balcony, Living Room Deck Attached, Pantry
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Accessibility Features: 2+ Access Exits, Parking
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Great Room, Wood Burning
  • Levels: Two
  • Price Per Square Foot: 656.17
  • Room Type: Great Room, Master Bedroom, Main Floor Bedroom, Multi-Level Bedroom, Main Floor Master Bedroom, Walk-In Pantry, Two Masters

Exterior Features

  • Foundation: Slab
  • View: Harbor, Marina, Peek-A-Boo
  • Pool Private: No
  • Roof: Flat, Tar/Gravel
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Covered, Attached Carport, Off Street, Oversized, Side by Side, Built-In Storage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range, Disposal, Gas Water Heater, Range Hood
  • Heating Type: Fireplace(s), Radiant
  • Laundry Features: Electric Dryer Hookup, Individual Room, Washer Hookup
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Value In Land, Near Public Transit
  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600

Multi Family

  • Electric Expense: 900.00
  • Gross Scheduled Income: 1.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 2614.0000 Square Feet
  • Net Operating Income: 1.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 1.00
  • Rent Control: No
  • Waterfront Features: Fishing in Community, Marina in Community, Ocean Access, Ocean Side Of Highway 1

Tax Info

  • New Taxes Expense: 19040.00
  • Tax Area: 07067
  • Tax Block: 1
  • Tax Lot: 13
  • Tax Tract Number: 103
  • Tax Year: 2012

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
02/14/2014 02/14/14 Sold $2,000,000 +18.5% $656 / Sq Ft
02/04/2014 02/04/14 Pending -- -- --
01/29/2014 01/29/14 For Sale $1,688,000 -- $554 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2014

    Cameon Morgan

    Cameon Morgan, Broker

    (714) 200-3372

    Cameon Morgan
    Section Image
  • Paul Morgan

    Seller Co-Listing Agent in 2014

    Paul Morgan

    Arbor Real Estate

    (714) 424-0825

    10 Total Sales

    Paul Morgan
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14020900

California Regional Multiple Listing Service (CRMLS)

APN: 050-181-24

California Orange County Newport Beach 92662 Balboa Island

121 Abalone Ave, Newport Beach, CA

Not Listed for Sale

MultiFamily

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