Joshua Coburn
Chamberlain Real Estate
(858) 251-9237
50 Total Sales
1 in West Newport Beach
$2,075,000 Price
122 28th St Newport Beach, CA 92663
West Newport Beach Neighborhood
5
Beds
3
Baths
2,052
Sq Ft
2,178
Sq Ft Lot
Highlights
- Ocean View
- Balcony
- Laundry Room
- Newport Elementary School Rated A
- Living Room
- Ceiling Fan
About This Home
As of February 2023122 28th St is a Vacation Rental Duplex on the highly sought after Balboa Peninsula. It's only 9 homes from the sand and water! This property offers a 3 bedroom/2 Bathroom (downstairs) and a 2 bedroom/1 bathroom (upstairs). Both units have been renovated and ready to help your portfolio cashflow. Each unit has 1 garage parking spot and plenty of street parking available. This property has been a great rental for the last decade and with the current gross income approximately at $155,000 per year. There is still upside for the next owner to raise rents to market, as similar properties are currently collecting near $195,000 per year.
Last Agent to Sell the Property
Keller Williams Pacific Estates License #02022004 Listed on: 01/03/2023
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1951
Lot Details
- 2,178 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
- Parking Available
Home Design
- Duplex
Interior Spaces
- 2,052 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Living Room
- Laminate Flooring
- Ocean Views
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Outdoor Features
- Balcony
- Exterior Lighting
Additional Features
- Suburban Location
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 17 / 27
- Tax Tract Number 512
- Assessor Parcel Number 04709203
- $513 per year additional tax assessments
Community Details
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $895
- Trash Expense $350
- Water Sewer Expense $1,460
- Operating Expense $2,705
- Net Operating Income $147,495
Additional Features
- 2 Units
- Laundry Facilities
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 3, 2023
Closed on
Feb 3, 2023
Sold by
Bought by
Seller's Agent
Alex Guyenne
Keller Williams Pacific Estates
Buyer's Agent
Jodi Crane
WERE Real Estate
List Price
$3,000,000
Sold Price
$2,975,000
Premium/Discount to List
-$25,000
-0.83%
Views
52
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Outstanding Balance
$1,323,052
Interest Rate
4.85%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 3, 2023
Closed on
Jan 27, 2023
Sold by
Bought by
Seller's Agent
Alex Guyenne
Keller Williams Pacific Estates
Buyer's Agent
Jodi Crane
WERE Real Estate
List Price
$3,000,000
Sold Price
$2,975,000
Premium/Discount to List
-$25,000
-0.83%
Views
52
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Outstanding Balance
$1,323,052
Interest Rate
4.85%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 24, 2015
Sold by
Bought by
Purchase Details
Closed on
Apr 2, 2015
Sold by
Bought by
Purchase Details
Closed on
Dec 30, 2014
Sold by
Bought by
Purchase Details
Closed on
Jul 11, 2013
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
3.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 20, 2013
Sold by
Bought by
Purchase Details
Closed on
Jun 17, 2010
Sold by
Bought by
Purchase Details
Closed on
Mar 28, 2009
Sold by
Bought by
Purchase Details
Closed on
Jan 6, 1994
Sold by
Bought by
Purchase Details
Closed on
Sep 24, 1993
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in West Newport Beach, CA
-
Joshua Coburn
-
Teresa Gorman
Teresa Gorman
Fiduciary Real Estate Services
(949) 569-5182
77 Total Sales
1 in West Newport Beach
$2,900,000 Price
-
Jack Toro
Jack Toro
ehomes
(833) 972-2811
56 Total Sales
1 in West Newport Beach
$2,875,000 Price
-
Michael Mucino
Michael Mucino
CAMDEN MCKAY REALTY
(909) 341-1278
128 Total Sales
1 in West Newport Beach
$2,700,000 Price
-
Barbara Kerr
Barbara Kerr
BK Platinum Properties
(657) 385-8423
50 Total Sales
2 in West Newport Beach
$4,800,000 Price Range
-
Becky King
Becky King
Compass
(657) 295-0922
77 Total Sales
9 in West Newport Beach
$435K - $990K Price Range
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Ticor Title | ||
| $2,975,000 | California Best Title | ||
| -- | California Best Title | ||
| -- | None Available | ||
| -- | Wfg National Title Ins Co | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | Wfg Title Company Of Ca | ||
| -- | Wfg Title Company Of Ca | ||
| -- | Wfg Title Company Of Ca | ||
| $400,000 | Wfg Title Company Of Ca | ||
| -- | Wfg Title Company Of Ca | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | -- | ||
| -- | World Title Company |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,400,000 | ||
| Previous Owner | $408,000 |
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 |
|---|---|---|---|---|
| 02/28/2023 02/28/23 | Sold | $2,975,000 | -0.8% | $1,450 / Sq Ft |
| 01/13/2023 01/13/23 | Pending | -- | -- | -- |
| 01/03/2023 01/03/23 | For Sale | $3,000,000 | -- | $1,462 / 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 |
|---|---|---|---|---|
| 2026 | $32,995 | $3,157,093 | $3,065,246 | $91,847 |
| 2025 | $32,476 | $3,095,190 | $3,005,143 | $90,047 |
| 2024 | $32,476 | $3,034,500 | $2,946,218 | $88,282 |
| 2023 | $7,376 | $653,212 | $364,058 | $289,154 |
| 2022 | $7,248 | $640,404 | $356,919 | $283,485 |
| 2021 | $7,112 | $627,848 | $349,921 | $277,927 |
| 2020 | $7,043 | $621,411 | $346,333 | $275,078 |
| 2019 | $6,906 | $609,227 | $339,542 | $269,685 |
| 2018 | $6,772 | $597,282 | $332,884 | $264,398 |
| 2017 | $6,654 | $585,571 | $326,357 | $259,214 |
| 2016 | $6,509 | $574,090 | $319,958 | $254,132 |
| 2015 | $6,445 | $565,467 | $315,152 | $250,315 |
| 2014 | $6,294 | $554,391 | $308,979 | $245,412 |
Source: Public Records
Agents Affiliated with this Home
-
Alex Guyenne
Seller's Agent in 2023
Alex Guyenne
Keller Williams Pacific Estates
(714) 623-5060
1 in this area
72 Total Sales
-
Jodi Crane
Buyer's Agent in 2023
Jodi Crane
WERE Real Estate
(949) 400-5165
1 in this area
15 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW22259032
APN: 047-092-03
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.
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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