Seller's Agent in 2025
Jason Jacobs
Jim Jacobs Realty
(949) 345-5577
5 in this area
22 Total Sales
205 40th St Newport Beach, CA 92663
West Newport Beach Neighborhood
5
Beds
5
Baths
2,251
Sq Ft
2,614
Sq Ft Lot
Highlights
- Ocean View
- Fishing
- Wood Flooring
- Newport Elementary School Rated A
- No Units Above
- 3-minute walk to Channel Place Park
About This Home
As of April 2025Quintessential Newport Beach home situated conveniently at the entrance to Balboa peninsula, this meticulously maintained duplex features a two story front unit with 3 bedrooms and 2.5 baths, a two car garage and an office/den. The front unit exudes stylish beach living with refinished hardwood floors, remodeled bathrooms, plush new carpet in bedrooms and pristine finishes throughout. The fresh and clean rear unit above the garage has a private separate entrance and offers 2 bedrooms, 2 full baths, a spacious living area, an interior laundry hook up and carport. Renovations completed in the last 5 years include a new underground sewer system for both units, upgraded interior plumbing and new electrical systems with updated panels, switches and outlets. Extensive exterior wood work and painting on windows, doors and stucco as well as a new garage door enhance the property’s appeal. Presented in turn key condition, this property is move in ready and is located within the top tier Newport Mesa Unified school district. Although there is excellent rental income potential, this home is ideal for a multi generational family to experience the joys of living just steps from the bay and ocean.
Last Agent to Sell the Property
Jim Jacobs Realty Brokerage Phone: 949-345-5577 License #02108263 Listed on: 01/23/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955 | Remodeled
Lot Details
- 2,614 Sq Ft Lot
- No Units Above
- No Units Located Below
- Two or More Common Walls
- Wood Fence
- Stucco Fence
- Corner Lot
- Rectangular Lot
Parking
- 2 Car Garage
- 2 Carport Spaces
- Parking Available
Property Views
- Ocean
- Peek-A-Boo
Home Design
- Duplex
- Entry on the 1st floor
- Turnkey
Interior Spaces
- 2,251 Sq Ft Home
- 2-Story Property
- Beamed Ceilings
- Gas Fireplace
- Wood Frame Window
- Living Room with Fireplace
- Den
Kitchen
- Gas Oven
- Gas Range
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Laminate
Bedrooms and Bathrooms
- 5 Bedrooms
- All Upper Level Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Laundry in Carport
- Washer and Gas Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Exterior Lighting
Utilities
- Forced Air Heating System
- Wall Furnace
- Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 12 / 140
- Tax Tract Number 164
- Assessor Parcel Number 42330607
- $1,310 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Units
- West Newport Beach Subdivision
Amenities
- Laundry Facilities
Recreation
- Fishing
- Park
- Water Sports
- Bike Trail
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,000
- Trash Expense $1,250
- Water Sewer Expense $1,250
- Operating Expense $5,500
- Gross Income $114,000
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 23, 2025
Closed on
Apr 4, 2025
Sold by
Bought by
Seller's Agent
Jason Jacobs
Jim Jacobs Realty
Buyer's Agent
Brett Smith
Notch Luxury Properties
List Price
$3,100,000
Sold Price
$2,825,000
Premium/Discount to List
-$275,000
-8.87%
Views
23
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,260,000
Interest Rate
0.0676%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 29, 2017
Sold by
Bought by
Purchase Details
Closed on
Mar 12, 2010
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
0.0437%
Mortgage Type
Commercial
Purchase Details
Closed on
May 1, 1997
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,825,000 | First American Title | ||
| -- | None Available | ||
| -- | Lawyers Title Company | ||
| -- | Accommodation | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $2,260,000 | ||
| Previous Owner | $422,000 | ||
| Previous Owner | $417,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/10/2025 04/10/25 | Sold | $2,825,000 | 0.0% | $1,255 / Sq Ft | |
| 04/10/2025 04/10/25 | Sold | $2,825,000 | -2.6% | $1,255 / Sq Ft | View Prior Sale |
| 03/11/2025 03/11/25 | Pending | -- | -- | -- | |
| 03/11/2025 03/11/25 | Pending | -- | -- | -- | |
| 02/23/2025 02/23/25 | Price Changed | $2,900,000 | 0.0% | $1,288 / Sq Ft | |
| 02/23/2025 02/23/25 | Price Changed | $2,900,000 | -6.5% | $1,288 / Sq Ft | |
| 01/23/2025 01/23/25 | For Sale | $3,100,000 | 0.0% | $1,377 / Sq Ft | |
| 01/23/2025 01/23/25 | For Sale | $3,100,000 | -- | $1,377 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $34,633 | $3,173,220 | $3,019,290 | $153,930 |
| 2024 | $34,633 | $3,111,000 | $2,960,088 | $150,912 |
| 2023 | $3,063 | $111,356 | $74,271 | $37,085 |
| 2022 | $2,971 | $109,173 | $72,815 | $36,358 |
| 2021 | $2,954 | $107,033 | $71,387 | $35,646 |
| 2020 | $2,955 | $105,936 | $70,655 | $35,281 |
| 2019 | $2,946 | $103,859 | $69,269 | $34,590 |
| 2018 | $1,565 | $101,823 | $67,911 | $33,912 |
| 2017 | $1,466 | $99,827 | $66,579 | $33,248 |
| 2016 | $1,437 | $97,870 | $65,273 | $32,597 |
| 2015 | $1,419 | $96,400 | $64,292 | $32,108 |
| 2014 | $1,386 | $94,512 | $63,032 | $31,480 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Jacobs
-
Jim Jacobs
Seller Co-Listing Agent in 2025
Jim Jacobs
Jim Jacobs Realty
(949) 689-4200
7 in this area
11 Total Sales
-
Brett Smith
Buyer's Agent in 2025
Brett Smith
Notch Luxury Properties
(949) 929-6351
2 in this area
62 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP25009646
APN: 423-306-07
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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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