$1,510,000
SOLD MAY 11, 2017
4 Beds
3 Baths
1,030 Sq Ft
2,495 Sq Ft Lot

Recently Sold

$1,466 Per Sq Ft

5% Below List Price

55 Days on Market

About This Home

As of May 2017

Located just a block from the Newport Beach Pier. Make no mistake, this property is primarily lot value. However, it has good cash flow and simply located in an up and coming great location. Present use is non-conforming 3 units.

Last Agent to Sell the Property

Wayne Smith

Corona Del Mar Properties Inc License #00922140 Listed on: 02/09/2017

Last Buyer's Agent

Wayne Smith

Corona Del Mar Properties Inc License #00922140 Listed on: 02/09/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,620

Year Built

  • Built in 1928

Lot Details

  • 2,495 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 04717303

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $19,937
  • Operating Expense $2,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,620

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • Water Sewer Expenses: 1200.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 04717303
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Water Connected
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2495.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 69000.00
  • Insurance Expense: 1200.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense Percent: 5.00
  • Rent Control: No
  • Total Expenses: 2400.00

Tax Info

  • New Taxes Expense: 19937.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2017
Closed on
Apr 24, 2017
Sold by
Kurtkan Ferit
Bought by
Corona Del Mar Properties Inc
Seller's Agent
Wayne Smith
Corona Del Mar Properties Inc
Buyer's Agent
Wayne Smith
Corona Del Mar Properties Inc
List Price
$1,595,000
Sold Price
$1,510,000
Premium/Discount to List
-$85,000
-5.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.34%
Original Mortgage
$1,260,000
Interest Rate
4.14%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,510,000 Orange Coast Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,015,000 New Conventional
Closed $150,000 Unknown
Closed $48,000 Unknown
Closed $1,260,000 Purchase Money Mortgage
Previous Owner $850,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2025 08/21/25 For Sale $3,300,000 +118.5% $1,500 / Sq Ft
05/11/2017 05/11/17 Sold $1,510,000 -5.3% $1,466 / Sq Ft
04/05/2017 04/05/17 Pending -- -- --
02/09/2017 02/09/17 For Sale $1,595,000 -- $1,549 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $18,620 $1,752,483 $1,712,742 $39,741
2024 $18,620 $1,718,121 $1,679,159 $38,962
2023 $19,030 $1,684,433 $1,646,234 $38,199
2022 $18,922 $1,651,405 $1,613,955 $37,450
2021 $18,850 $1,619,025 $1,582,309 $36,716
2020 $18,581 $1,602,424 $1,566,084 $36,340
2019 $18,344 $1,571,004 $1,535,376 $35,628
2018 $18,079 $1,540,200 $1,505,270 $34,930
2017 $6,289 $420,553 $380,062 $40,491
2016 $6,199 $412,307 $372,609 $39,698
2015 $6,159 $406,114 $367,012 $39,102
2014 $6,035 $398,159 $359,822 $38,337
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17026673

California Regional Multiple Listing Service (CRMLS)

APN: 047-173-03