NOT LISTED FOR SALE
2 Beds
3 Baths
1,628 Sq Ft
1,750 Sq Ft Lot

Last Sold May 26, 2021

Last sale price $1,799,900 $1,106 Per Sq Ft

86 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • Across the Road from Lake or Ocean
  • Newport Elementary School Rated A
  • Fishing
  • Ocean Side of Highway 1

About This Home

As of May 2021

Location, location, location, this charming property is in the heart of the Newport Beach Peninsula on the ocean side of Balboa Blvd., just steps from the sand. You’re in a walker’s paradise where no car is needed and most daily errands or activities can be accomplished on foot because of the numerous coffee shops, restaurants, grocery stores, shopping, the pier and beach activities nearby. Plenty of free parking surrounds the area including 24th Street itself, the city offers several parking-permits options, plus there’s a surplus of metered lots within an easy stroll. Professionally decorated with 5-star reviews you’ll enjoy exceptional detail throughout. These bright and cheery vacation units are consistently in high demand all year. Extended leases are 31+ days with a historical average of 31-90 days. Tenants from all over the world return year after year. Zoned R1 as a legal, non-conforming grandfathered duplex, there's 3 separate private entrances: Front unit 670+/- sf 1bedroom/1 bath; Back lower unit 500+/- sf studio/1 bath; Upper back unit 460+/- sf 1bedroom/1bath. Front and back lower units can connect if you'd like (total ground floor square footage is 1,170+/-) as they share the lock-off utility space and stackable washer/dryer. Well maintained with brand new double-pane windows and a tankless water heater. Furnishings and all supplies are available for purchase. Please do not disturb tenants or walk the fully-occupied property. Following COVID protocol.

Last Agent to Sell the Property

Marie Gentosi

Coldwell Banker Realty License #01919984 Listed on: 01/09/2021

Coldwell Banker Realty

Co-Listed By

Chuck Iverson

Coldwell Banker Realty License #01241096

Last Buyer's Agent

Ronald Maddux

Regency Real Estate Brokers License #01438203

Regency Real Estate Brokers

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1932 | Remodeled

Lot Details

  • 1,750 Sq Ft Lot
  • No Common Walls
  • East Facing Home
  • Block Wall Fence
  • Stucco Fence
  • Fence is in good condition
  • No Landscaping
  • Rectangular Lot
  • Level Lot
  • Density is 2-5 Units/Acre
  • Value in Land

Property Views

  • Ocean
  • Peek-A-Boo
  • Neighborhood

Home Design

  • Duplex
  • Cottage
  • Bungalow
  • Turnkey
  • Raised Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,628 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows

Kitchen

  • Gas Oven
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • Mirrored Closets Doors
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Public Parking
  • On-Street Parking

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Ocean Side of Highway 1
  • Exterior Lighting
  • Rain Gutters

Location

  • Across the Road from Lake or Ocean
  • Property is near a park
  • Property is near public transit

Utilities

  • Cooling System Mounted To A Wall/Window
  • Space Heater
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 512
  • Assessor Parcel Number 04714127

Community Details

Overview

  • 2 Units
  • West Newport Beach Subdivision

Recreation

  • Fishing
  • Park
  • Water Sports
  • Bike Trail

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1932 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.20
  • Other Phone Description: 9499399520
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: West Newport Beach (WSNB)
  • View: Yes
  • Architectural Style: Bungalow, Cottage
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 04714127
  • Year Built: 1932
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Entry Location: Ground
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s)
  • Levels: Two
  • Price Per Square Foot: 1105.59
  • Room Type: Main Floor Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: East
  • Foundation: Raised
  • Exterior Features: Lighting, Rain Gutters
  • View: Neighborhood, Ocean, Peek-A-Boo
  • Fence: Yes
  • Fencing: Block, Good Condition, Stucco Wall
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking Features: Public, Street

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Refrigerator, Tankless Water Heater
  • Heating Type: Wall Furnace, Space Heater, Natural Gas
  • Laundry Features: Inside, Stackable
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Fishing, Park, Watersports, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Level with Street, Rectangular Lot, Level, Near Public Transit, No Landscaping, Park Nearby, Value In Land
  • Lot Size Sq Ft: 1750.00
  • Lot Size Acres: 0.0402
  • Latitude Manual: 33.61080700

Rental Info

  • Tenant Pays: None

Multi Family

  • Gross Multiplier: 17.00
  • Lot Size Area: 1750.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Refrigerator: 3
  • Other Income Description: Estimates, buyer to verify.
  • Rent Control: No
  • Waterfront Features: Across the Road from Lake/Ocean, Beach Access, Ocean Access, Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • Tax Lot: 22
  • Tax Tract Number: 512

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 List to Sale Price per Sq Ft
05/26/2021 05/26/21 Sold $1,799,900 0.0% $1,106 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
02/22/2021 02/22/21 For Sale $1,799,900 0.0% $1,106 / Sq Ft
02/22/2021 02/22/21 Off Market $1,799,900 -- --
02/08/2021 02/08/21 Price Changed $1,849,900 -2.6% $1,136 / Sq Ft
01/09/2021 01/09/21 For Sale $1,899,900 -- $1,167 / 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: OC21004144

California Regional Multiple Listing Service (CRMLS)

APN: 047-141-27