NOT LISTED FOR SALE
4 Beds
4 Baths
2,080 Sq Ft
2,614 Sq Ft Lot

Sale Details

Date Sold: June 17, 2021

Last sale price $2,495,000 $1,200 Per Sq Ft

6 Days on Market

Highlights

  • Open Floorplan
  • Living Room with Attached Deck
  • Built-In Features
  • Newport Elementary School Rated A
  • Granite Countertops
  • Recessed Lighting

About This Home

As of June 2021

Ideally located just a block from the beach and bay on the highly sought out Newport Peninsula. This updated duplex features an upper level unit with large bonus room with fireplace, fresh paint, new carpet and outdoor deck. The lower unit has a generous patio with direct access and plenty of space for entertaining and sunbathing. Each unit features 2 bedrooms and 2 baths, updated kitchens and baths and laminate wood floors. There is an attached 2 car garage with built in storage and access to the outdoor shower. Located within steps to the beach, bay, boardwalk, restaurants, entertainment, shopping and Balboa Fun Zone. Perfect property for owner/resident to take advantage of income potential or lease all of it out for short or long term rentals. Great opportunity!

Last Agent to Sell the Property

Brett Smith

Notch Luxury Properties License #01365189 Listed on: 05/17/2021

Co-Listed By

Dane Smith

Notch Luxury Properties License #01936058

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960 | Remodeled

Lot Details

  • 2,614 Sq Ft Lot
  • No Common Walls
  • Back Yard

Parking

  • 2 Car Garage

Interior Spaces

  • 2,080 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Recessed Lighting
  • Family Room with Fireplace
  • Living Room with Attached Deck
  • Laundry in Garage

Kitchen

  • Electric Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 1 / 1
  • Tax Tract Number 219
  • Assessor Parcel Number 04807223

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,500
  • Trash Expense $500
  • Water Sewer Expense $1,200
  • Operating Expense $4,200
  • Gross Income $89,400
  • Net Operating Income $89,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1960 | Remodeled

Lot Details

2,614 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1200.00
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 04807223
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Built-in Features, Granite Counters, Living Room Deck Attached, Open Floorplan, Recessed Lighting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 1199.52
  • Room Type: Family Room, Kitchen, Master Bathroom, Master Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Gas Range, Microwave, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: In Garage
  • Sewer: Sewer Paid
  • Trash Expense: 500.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600

Multi Family

  • Gross Income: 89400.00
  • Gross Scheduled Income: 89400.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 2614.0000 Square Feet
  • Net Operating Income: 89400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Expenses: 4200.00

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 628.00
  • Tax Lot: 1
  • Tax Tract Number: 219

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

Closed on
Sep 28, 2021
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
$1,250,000
Interest Rate
0.021%
Mortgage Type
Commercial

Purchase Details

Listed on
May 17, 2021
Closed on
May 27, 2021
Sold by
Bought by
Seller's Agent
Brett Smith
Notch Luxury Properties
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$2,495,000
Sold Price
$2,495,000

Purchase Details

Closed on
Jun 18, 2015
Sold by
Bought by

Purchase Details

Listed on
Dec 2, 2014
Closed on
Feb 26, 2015
Sold by
Bought by
Seller's Agent
Andy Stavros
DOUGLAS ELLIMAN OF CALIFORNIA, INC.
Buyer's Agent
Brett Smith
Notch Luxury Properties
List Price
$1,795,000
Sold Price
$1,730,000
Premium/Discount to List
-$65,000
-3.62%

Purchase Details

Listed on
Dec 2, 2014
Closed on
Feb 19, 2015
Sold by
Bought by
Seller's Agent
Andy Stavros
DOUGLAS ELLIMAN OF CALIFORNIA, INC.
Buyer's Agent
Brett Smith
Notch Luxury Properties
List Price
$1,795,000
Sold Price
$1,730,000
Premium/Discount to List
-$65,000
-3.62%

Purchase Details

Closed on
Feb 27, 2006
Sold by
Bought by

Purchase Details

Closed on
Jan 25, 2006
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- First American Title Company
$2,495,000 California Title Company
-- None Available
-- Chicago Title Company
$1,730,000 Chicago Title Company
-- None Available
-- None Available
-- None Available
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 $1,250,000
Closed $1,250,000
Previous Owner $960,000
Previous Owner $533,850
Previous Owner $500,000
Previous Owner $550,000
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 Prior Sale
06/17/2021 06/17/21 Sold $2,495,000 0.0% $1,200 / Sq Ft
05/17/2021 05/17/21 For Sale $2,495,000 +44.2% $1,200 / Sq Ft
03/13/2015 03/13/15 Sold $1,730,000 -3.6% $832 / Sq Ft View Prior Sale
02/18/2015 02/18/15 Pending -- -- --
12/02/2014 12/02/14 For Sale $1,795,000 -- $863 / 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 $28,406 $2,700,667 $2,381,350 $319,317
2024 $28,406 $2,647,713 $2,334,657 $313,056
2023 $27,740 $2,595,798 $2,288,880 $306,918
2022 $28,146 $2,544,900 $2,244,000 $300,900
2021 $21,524 $1,892,006 $1,813,557 $78,449
2020 $21,325 $1,872,606 $1,794,961 $77,645
2019 $20,944 $1,835,889 $1,759,766 $76,123
2018 $20,682 $1,799,892 $1,725,261 $74,631
2017 $20,330 $1,764,600 $1,691,432 $73,168
2016 $19,894 $1,730,000 $1,658,266 $71,734
2015 $2,812 $99,554 $54,047 $45,507
2014 $2,742 $97,604 $52,988 $44,616
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21102764

California Regional Multiple Listing Service (CRMLS)

APN: 048-072-23

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