$4,899,000

Estimated payment $30,216/month

Total Views 116
4 Beds
-- Bath
3,029 Sq Ft
$1,617 Price per Sq Ft

Highlights

  • Popular Property
  • Ocean View
  • Open Floorplan
  • Newport Elementary School Rated A
  • Fishing
  • Fireplace in Primary Bedroom

About This Home

Excellent opportunity for investors or future homeowners! Currently used as a rental, this property offers immediate income potential and is ideal as an up leg for a 1031 tax-deferred exchange. Whether you’re looking for a strong addition to your investment portfolio or prefer to rent it out now and move in later, this home provides flexibility and long-term value. A rare chance to secure an income-producing property today with the option to make it your personal residence in the future.
When you enter this newer-built home, you’ll instantly feel you’ve arrived at the perfect blend of luxury and comfort. The dramatic living area is centered around a cozy fireplace, creating a warm and inviting space to relax or entertain. Upstairs, three oversized bedrooms offer comfort and privacy, while the third floor reveals a surprising retreat that could serve as another primary suite. GREAT VIEW OF OCEAN With a private elevator connecting each level, convenience is built right in.
Enjoy sweeping views of ocean from multiple levels, and embrace the coastal lifestyle with an outdoor fireplace and built-in barbecue designed for year-round gatherings. Whether as a savvy investment or your dream home by the beach, this property delivers both opportunity and lifestyle. Best of all, it’s just a short walk to the beach with crashing waves or a quick stroll to the bay, the Fun Zone, and the ferry to Balboa Island.

Listing Agent

John Veytia

Compass Brokerage Phone: 949-701-5554 License #00279282 Listed on: 08/21/2025

Compass

Co-Listing Agent

Neda Alimoradian

Compass Brokerage Phone: 949-701-5554 License #02191067

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $42,266

Year Built

  • Built in 2017 | Remodeled

Lot Details

  • 2,400 Sq Ft Lot
  • Corner Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Metal Roof

Interior Spaces

  • 3,029 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Open Floorplan
  • Built-In Features
  • Drapes & Rods
  • Blinds
  • Bay Window
  • Window Screens
  • Sliding Doors
  • Living Room with Fireplace
  • Storage
  • Ocean Views
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • 220 Volts In Laundry

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Fireplace in Patio
  • Outdoor Fireplace
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • 220 Volts in Garage
  • 220 Volts in Kitchen
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 1 / 4
  • Tax Tract Number 510
  • Assessor Parcel Number 04809116
  • $393 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association

Recreation

  • Fishing
  • Water Sports

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$42,266

Year Built

Built in 2017 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 4899000
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Security System, Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 04809116
  • Year Built: 2017
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Built-in Features, Elevator, Granite Counters, Open Floorplan, Storage, Unfurnished
  • Stories: 3
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Fireplace Features: Living Room, Primary Bedroom, Outside, Patio
  • Levels: Two
  • Price Per Square Foot: 1617.37
  • Window Features: Bay Window(s), Blinds, Drapes, Screens

Exterior Features

  • Exterior Features: Barbecue Private
  • View: Ocean
  • Pool Private: No
  • Roof: Metal

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts in Garage, 220 Volts in Kitchen, 220 Volts in Laundry
  • Heating Type: Central, Natural Gas
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, Individual Room, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Fishing, Watersports, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Level with Street
  • Lot Size Sq Ft: 2400.00
  • Lot Size Acres: 0.0551

Multi Family

  • Average Studio Area: 3129 Square Feet
  • Electric Expense: 3600.00
  • Fuel Expense: 200.00
  • Gross Income: 370000.00
  • Gross Operating Income: 34410.00
  • Gross Scheduled Income: 370000.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 2400.0000 Square Feet
  • Net Operating Income: 281200.00
  • Number Of Units Total: 1
  • Operating Expense: 62900.00
  • Operating Expense Percent: 17.00
  • Rent Control: No
  • Total Expenses: 62900.00
  • Vacancy Allowance: 25900
  • Vacancy Allowance Rate: 7.00

Tax Info

  • Tax Block: 4
  • Tax Census Tract: 628.00
  • Tax Lot: 1
  • Tax Tract Number: 510
  • TaxOtherAnnualAssessmentAmount: 393.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $42,266 $4,059,120 $3,008,059 $1,051,061
2024 $42,266 $3,979,530 $2,949,078 $1,030,452
2023 $41,279 $3,901,500 $2,891,252 $1,010,248
2022 $40,599 $3,825,000 $2,834,560 $990,440
2021 $33,079 $3,109,385 $2,196,968 $912,417
2020 $32,762 $3,077,503 $2,174,441 $903,062
2019 $32,080 $3,017,160 $2,131,805 $885,355
2018 $31,440 $2,958,000 $2,090,004 $867,996
2017 $23,023 $2,153,393 $1,294,286 $859,107
2016 $14,122 $1,300,000 $1,268,908 $31,092
2015 $4,345 $367,002 $336,541 $30,461
2014 $4,244 $359,813 $329,948 $29,865
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2025 08/21/25 For Sale $4,899,000 +28.1% $1,617 / Sq Ft
12/27/2021 12/27/21 Sold $3,825,000 -8.8% $1,319 / Sq Ft
12/06/2021 12/06/21 Pending -- -- --
08/26/2021 08/26/21 For Sale $4,195,000 +23.5% $1,447 / Sq Ft
02/19/2021 02/19/21 Sold $3,397,000 -5.6% $1,121 / Sq Ft
12/21/2020 12/21/20 For Sale $3,599,000 +24.1% $1,188 / Sq Ft
04/26/2017 04/26/17 Sold $2,900,000 -1.7% $967 / Sq Ft
03/28/2017 03/28/17 Price Changed $2,950,000 -1.7% $983 / Sq Ft
03/25/2017 03/25/17 Price Changed $3,000,000 +1.7% $1,000 / Sq Ft
01/02/2017 01/02/17 Price Changed $2,950,000 -1.7% $983 / Sq Ft
10/24/2016 10/24/16 For Sale $3,000,000 +130.8% $1,000 / Sq Ft
10/13/2015 10/13/15 Sold $1,300,000 0.0% $1,533 / Sq Ft
06/29/2015 06/29/15 Pending -- -- --
06/24/2015 06/24/15 For Sale $1,300,000 -- $1,533 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $3,825,000 Chicago Title Company
Grant Deed -- None Available
Grant Deed -- None Listed On Document
Grant Deed $3,397,000 Chicago Title Company
Deed -- --
Grant Deed $2,900,000 Ticor Title Orange County
Grant Deed $1,300,000 Ticor Title Company
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,295,000 Balloon
Previous Owner -- No Value Available
Closed $0 No Value Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG25188085

California Regional Multiple Listing Service (CRMLS)

APN: 048-091-16