NOT LISTED FOR SALE
2 Beds
1 Bath
15,080 Sq Ft
0.65 Acres Lot

Sale Details

Date Sold: September 16, 2025

Last sale price $13,045,000 $865 Per Sq Ft

133 Days on Market

Highlights

  • Golf Course Community
  • Fishing
  • Laundry Room
  • Newport Heights Elementary Rated A
  • 0.65 Acre Lot
  • 20 Car Garage

About This Home

As of September 2025

Welcome to a charming community nestled in a quiet Newport Beach neighborhood. Enjoy coastal living minutes from top-rated schools, shopping, dining, and some of Orange County's best beaches.
Conveniently located near an elementary school and directly across from Newport Harbor High School, our community offers easy access to local restaurants, grocery stores, shopping centers, and vibrant destinations of Newport Beach and Balboa Island.


Features & Details:
-Fully renovated units available
-Residents pay for electricity, water, sewer, and trash.
-Peaceful, well-maintained property in a prime location
- Experience the perfect blend of comfort, convenience, and coastal charm.

Building Amenities:
AC, Faux wood blinds, Vinyl flooring, Patio, Quartz counters, Pet friendly

Building Appliances:
Stove, dishwasher, Refrigerator.

MANAGED BY: Mashcole Property Management INC

IT490423 - IT49MC1109

Last Agent to Sell the Property

Peter Hauser

NorthMarq Realty Services, Inc Brokerage Phone: 949-302-1400 License #00856966 Listed on: 05/06/2025

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 28,270 Sq Ft Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre
  • 42524311

Parking

  • 20 Car Garage
  • Parking Available

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 15,080 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 1718
  • Assessor Parcel Number 42524310
  • $2,638 per year additional tax assessments

Community Details

Overview

  • 4 Buildings
  • 20 Units

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Fishing
  • Park
  • Water Sports
  • Bike Trail

Building Details

  • 20 Separate Electric Meters
  • 20 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $30,000
  • Fuel Expense $3,260
  • Insurance Expense $16,250
  • Professional Management Expense $22,145
  • Trash Expense $3,000
  • Water Sewer Expense $3,276
  • Operating Expense $275,910
  • Gross Income $770,102
  • Net Operating Income $508,755

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0.65 Acres

Parking

20

Listing Details

  • CapRate: 3.63
  • Professional Management Expense: 22145.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3276.00
  • Zoning: R-3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 42524310
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 865.05

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 20.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 20.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Fishing, Golf, Park, Watersports, Sidewalks

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 42524311
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 28270.00
  • Lot Size Acres: 0.6490

Multi Family

  • Electric Expense: 30000.00
  • Fuel Expense: 3260.00
  • Gross Income: 770102.00
  • Gross Scheduled Income: 770102.00
  • Insurance Expense: 16250.00
  • Lot Size Area: 28270.0000 Square Feet
  • Net Operating Income: 508755.00
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 20
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 20
  • Operating Expense: 261347.00
  • Rent Control: No
  • Total Expenses: 275910.00

Tax Info

  • Tax Census Tract: 634.00
  • Tax Lot: 4
  • Tax Tract Number: 1718
  • TaxOtherAnnualAssessmentAmount: 2638.00
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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
02/05/2026 02/05/26 Off Market -- -- --
12/23/2025 12/23/25 Price Changed $3,199 -5.9% $4 / Sq Ft
10/30/2025 10/30/25 Price Changed $3,400 +41.7% $5 / Sq Ft
10/29/2025 10/29/25 For Rent $2,400 0.0% --
09/16/2025 09/16/25 Sold $13,045,000 -6.8% $865 / Sq Ft
07/29/2025 07/29/25 Price Changed $14,000,000 -6.7% $928 / Sq Ft
05/06/2025 05/06/25 For Sale $15,000,000 -- $995 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

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 $55,249 $5,100,000 $4,698,864 $401,136
2024 $55,249 $5,000,000 $4,606,729 $393,271
2023 $30,461 $2,662,826 $2,269,555 $393,271
2022 $21,349 $1,795,071 $1,333,119 $461,952
2021 $20,956 $1,759,874 $1,306,979 $452,895
2020 $20,750 $1,741,829 $1,293,577 $448,252
2019 $20,364 $1,707,676 $1,268,213 $439,463
2018 $15,332 $1,232,260 $886,129 $346,131
2017 $15,072 $1,208,099 $868,754 $339,345
2016 $14,756 $1,184,411 $851,719 $332,692
2015 $14,604 $1,166,621 $838,926 $327,695
2014 $14,268 $1,143,769 $822,493 $321,276
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25100801

California Regional Multiple Listing Service (CRMLS)
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