Seller's Agent in 2020
Mark Bridge
Mark Bridge, Broker
(949) 419-3200
1 in this area
50 Total Sales
205 42nd St Newport Beach, CA 92663
West Newport Beach Neighborhood
4
Beds
2
Baths
1,552
Sq Ft
2,614
Sq Ft Lot
Highlights
- Ocean View
- No HOA
- Laundry Room
- Newport Elementary School Rated A
- Park
- 1-minute walk to Channel Place Park
About This Home
As of October 2020This Newport Beach Peninsula Property and 'A' Location Duplex is located in the high demand rental area of Newport Beach. The asset consists of 100% two bedroom units located on a corner lot, across from the street from the ocean. The front unit on the main floor is nearly 900 sq ft and includes a spacious, private front patio area that’s ideal for entertaining. The top unit features a private balcony, provides some ocean views and sprawls out at nearly 700 sq ft. The property has 1 two-car garage, where there are washer and dryer hookups for the tenants and the property is separately metered for gas and electric. Largely in part of the tenant profile, the property has been very well maintained and consequently shows very well. One Unit was built in 1947, and the other unit was added in 2002.
This property is in an excellent central Newport Beach location. 42nd St is located in the ideal location on the Newport Beach Peninsula. Since the property is located on the other side of Balboa Boulevard, tenants can easily enjoy the proximity of the beach without any of the commotion. Given the strength of the overall apartment market within the city of Newport Beach, the property offers an investor the ability to capture quality tenants seeking a great neighborhood with convenient access to a wide variety of activities, transportation and retail amenities.
Rents are below market.
Last Agent to Sell the Property
Mark Bridge, Broker License #01316702 Listed on: 08/19/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947 | Remodeled
Lot Details
- 2,614 Sq Ft Lot
- 1 Common Wall
- Brick Fence
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
- Parking Available
Home Design
- Property Attached
Interior Spaces
- 1,552 Sq Ft Home
- 2-Story Property
- Ocean Views
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Heating System Uses Natural Gas
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 12 / 142
- Tax Tract Number 164
- Assessor Parcel Number 42329608
Community Details
Overview
- No Home Owners Association
- 2 Units
- Balboa Peninsula Subdivision
Recreation
- Park
- Bike Trail
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $80
- Fuel Expense $600
- Insurance Expense $2,100
- Maintenance Expense $1,500
- Pest Control $270
- Trash Expense $270
- Water Sewer Expense $570
- New Taxes Expense $19,453
- Operating Expense $24,537
- Gross Income $63,000
- Net Operating Income $36,537
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/29/2020 10/29/20 | Sold | $1,670,000 | -5.9% | $1,076 / Sq Ft |
| 10/12/2020 10/12/20 | Pending | -- | -- | -- |
| 08/19/2020 08/19/20 | For Sale | $1,775,000 | -- | $1,144 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Mark Bridge
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC20169375
APN: 423-296-08
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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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