NOT LISTED FOR SALE
6 Beds
4 Baths
2,500 Sq Ft
2,614 Sq Ft Lot

Last Sold December 05, 2014

Last sale price $1,650,000 $660 Per Sq Ft

9 Days on Market

Highlights

  • Laundry Room
  • Central Heating
  • 1-minute walk to Channel Place Park
  • Newport Elementary School Rated A

About This Home

As of December 2014

Location, location, location. Only steps to the sand... and steps to shops, restaurants, and night-life. Located in the "100 block" (the block closest to the beach) ... a property like this rarely comes on the market! This well maintained large duplex has been well taken care of, The upper unit with vaulted ceilings is a 3 bedroom, 2 bath that has been updated to reflect a very clean current feel with new bathrooms and new granite kitchen. The lower unit is also a 3 bedroom 2 bath which also features a recent remodel with new bathrooms and kitchen with granite. There is a large patio in the front for the downstairs unit! The upstairs unit also has a nice ocean view covered balcony. Both units have wood burning fireplaces. Both Units are currently rented to yearly tenants. Each unit currently rents for $3500.00 per month. These two units share a 2-car garage with shared coin operated washer & dryer. This is a rare opportunity to invest in one of the nicest and cleanest duplex properties in the area! Building also has history as a weekly summer rental with possible higher income.

Last Agent to Sell the Property

Amen Wardy

Realty Source, Inc License #00973206 Listed on: 10/02/2014

Last Buyer's Agent

Susan Weir

Berkshire Hathaway Homeservice License #01109388

Berkshire Hathaway Homeservice

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

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

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,500 Sq Ft Home
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Central Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 12
  • Tax Tract Number 670
  • Assessor Parcel Number 42302203

Community Details

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $500
  • Trash Expense $1
  • Water Sewer Expense $1,000
  • New Taxes Expense $16,221
  • Gross Income $7,000
  • Net Operating Income $66,279

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: Cell Phone
  • Other Phone Number: 949-413-9934
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Subdivision Name Other: West Newport Beach (WSNB)
  • Water Sewer Expenses: 1000.00
  • Property Type: Residential Income
  • Parcel Number: 42302203
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 660.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community, In Garage
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 7000.00
  • Gross Scheduled Income: 84000.00
  • Insurance Expense: 500.00
  • Lot Size Area: 2614.0000 Square Feet
  • Net Operating Income: 66279.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 17721.00
  • Rent Control: No
  • Total Actual Rent: 7000.00

Tax Info

  • New Taxes Expense: 16221.00
  • Tax Lot: 12
  • Tax Tract Number: 670
  • Tax Year: 2013

Range of Values:

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Sold Price
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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
12/05/2014 12/05/14 Sold $1,650,000 0.0% $660 / Sq Ft
10/11/2014 10/11/14 Pending -- -- --
10/02/2014 10/02/14 For Sale $1,650,000 -- $660 / 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: OC14211902

California Regional Multiple Listing Service (CRMLS)

APN: 423-022-03