NOT LISTED FOR SALE
4 Beds
2 Baths
1,534 Sq Ft
2,178 Sq Ft Lot

Last Sold April 21, 2014

Last sale price $2,385,000 $1,555 Per Sq Ft

63 Days on Market

Highlights

  • Ocean Front
  • Laundry Room
  • Wall Furnace
  • Newport Elementary School Rated A
  • Tile Flooring

About This Home

As of April 2014

Oceanfront Duplex right on the sand. Features 2 units with 2BD/1BA each. Completely remodeled in and out. The prime area of Newport Beach - close to shops & restaurants. Excellent Owner/Investor opportunity. Subject to inspections.

Last Agent to Sell the Property

Sean Goodsell

Coldwell Banker Realty License #01258158 Listed on: 01/17/2014

Coldwell Banker Realty

Last Buyer's Agent

Albert Ricci

Ricci Realty License #01011606

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 2,178 Sq Ft Lot
  • Ocean Front
  • No Common Walls

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • Panoramic

Interior Spaces

  • 1,534 Sq Ft Home
  • Living Room with Fireplace
  • Tile Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 3 Parking Spaces
  • 2 Carport Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 6356
  • Assessor Parcel Number 04715325

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Cable TV Expense $2,400
  • Electric Expense $540
  • Insurance Expense $2,300
  • Supplies Expense $1,495
  • Trash Expense $780
  • Water Sewer Expense $1,116
  • New Taxes Expense $46,187
  • Gross Income $13,849
  • Net Operating Income $110,896

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Supplies Expense: 1495.00
  • View: Yes
  • Water Sewer Expenses: 1116.00
  • Property Type: Residential Income
  • Parcel Number: 04715325
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 1554.76

Exterior Features

  • View: Catalina, Coastline, Ocean, Panoramic, Water, White Water
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Trash Expense: 780.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Street Lights

Lot Info

  • Lot Size Sq Ft: 2178.00
  • Lot Size Acres: 0.0500

Multi Family

  • Cable TV Expense: 2400.00
  • Electric Expense: 540.00
  • Gross Income: 13849.00
  • Gross Scheduled Income: 166194.00
  • Insurance Expense: 2300.00
  • Lot Size Area: 2178.0000 Square Feet
  • Net Operating Income: 110896.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 55298.00
  • Rent Control: No
  • Total Actual Rent: 13849.00
  • Waterfront Features: Ocean Front

Tax Info

  • New Taxes Expense: 46187.00
  • Tax Lot: 5
  • Tax Tract Number: 06356
  • Tax Year: 2012

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 Change Sq Ft Price
04/21/2014 04/21/14 Sold $2,385,000 -10.8% $1,555 / Sq Ft
03/21/2014 03/21/14 Pending -- -- --
01/17/2014 01/17/14 For Sale $2,675,000 -- $1,744 / 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: OC14016308

California Regional Multiple Listing Service (CRMLS)