NOT LISTED FOR SALE

20102 SW Birch St Newport Beach, CA 92660

Bayview Neighborhood
5 Beds
4 Baths
44,836 Sq Ft
1.79 Acres

Last Sold January 29, 2018

Last sale price $18,500,000 $413 Per Sq Ft

42 Days on Market

Highlights

  • 77,972 Sq Ft lot
  • No HOA
  • Laundry Room
  • Mariners Elementary School Rated A
  • Community Pool
  • Vinyl Flooring

About This Home

As of January 2018

"The Landing" is a prime Orange County apartment community that offers an investor an opportunity to purchase a legacy investment. This well maintained asset not only has an "A" location, but a well balanced unit mix of one and two bedrooms (many with two full baths), upgraded interiors, private yards and balconies, fitness room and a beautiful courtyard featuring a large swimming pool. Laundry is on site. An opportunity to increase the income exists as well through minimal upgrades.

Last Agent to Sell the Property

Mike Marcu

Mike Marcu, Broker License #00919594 Listed on: 10/03/2017

Last Buyer's Agent

Mike Marcu

Mike Marcu, Broker License #00919594 Listed on: 10/03/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 1.79 Acre Lot
  • Two or More Common Walls
  • Density is 26-30 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 44,836 Sq Ft Home
  • 2-Story Property

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 35 Open Parking Spaces
  • 87 Parking Spaces
  • 52 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 439
  • Tax Tract Number 352
  • Assessor Parcel Number 43935225

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 52 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • 52 Separate Electric Meters
  • 52 Separate Gas Meters
  • 52 Separate Water Meters
  • Electric Expense $7,500
  • Insurance Expense $8,688
  • Maintenance Expense $58,391
  • Other Expense $20,864
  • Pool Expense $10,025
  • Professional Management Expense $93,426
  • Supplies Expense $12,000
  • Trash Expense $10,000
  • Water Sewer Expense $36,497
  • New Taxes Expense $208,433
  • Operating Expense $465,824
  • Gross Income $69,756
  • Net Operating Income $701,994

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Professional Management Expense: 93426.00
  • Property Attached: Yes
  • Supplies Expense: 12000.00
  • Water Sewer Expenses: 36497.00
  • Property Type: Residential Income
  • Parcel Number: 43935225
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Vinyl
  • Levels: Two
  • Price Per Square Foot: 412.61

Exterior Features

  • Pool Expense: 10025.00
  • Pool Features: Community
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 52.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 87.00
  • Uncovered Spaces: 35.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Trash Expense: 10000.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 26-30 Units/Acre
  • Lot Size Sq Ft: 77972.40

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Electric Expense: 7500.00
  • Gross Income: 69756.00
  • Gross Operating Income: 1167328.00
  • Gross Scheduled Income: 1203936.00
  • Insurance Expense: 8688.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 11292.00
  • Maintenance Expense: 58391.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 701994.00
  • Number Of Separate Electric Meters: 52
  • Number Of Separate Gas Meters: 52
  • Number Of Separate Water Meters: 52
  • Number Of Units Total: 52
  • Operating Expense: 465824.00
  • Other Expense: 20864.00
  • Other Expense Description: Misc.
  • Other Income1: 49848.00
  • Other Income2: 8616.00
  • Other Income Description: RUBS & Mics.
  • Rent Control: No
  • Total Expenses: 465824.00
  • Vacancy Allowance: 36118
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 208433.00
  • Tax Lot: 439
  • Tax Tract Number: 352

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
01/29/2018 01/29/18 Sold $18,500,000 -2.6% $413 / Sq Ft
11/14/2017 11/14/17 Pending -- -- --
10/03/2017 10/03/17 For Sale $18,999,000 -- $424 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mike Marcu

    Seller's Agent in 2018

    Mike Marcu

    Mike Marcu, Broker

    19 Total Sales

    Mike Marcu
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17227083

California Regional Multiple Listing Service (CRMLS)

APN: 439-352-25

California Orange County Newport Beach 92660 Bayview

20102 SW Birch St, Newport Beach, CA

This home is located at 20102 SW Birch St, Newport Beach, CA 92660 since 03 October 2017. This property was built in 1971. 20102 SW Birch St is a home located in Orange County with nearby schools including Mariners Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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