NOT LISTED FOR SALE
4 Beds
3 Baths
1,988 Sq Ft
3,049 Sq Ft Lot

Last Sold May 28, 2021

Last sale price $1,995,000 $1,004 Per Sq Ft

Highlights

  • Ocean View
  • Furnished
  • No HOA
  • Newport Elementary School Rated A
  • Granite Countertops
  • 1-minute walk to 38th Street Park

About This Home

As of May 2021

Ready to embrace the relaxed beach lifestyle or take on a great investment property? Just steps away from the sand on the highly desirable Newport Beach Peninsula, awaits this charming coastal retreat situated on a rare 50-ft wide lot. This beautifully maintained duplex lives like a single family home. The main unit is a two-story home offering 3 bedrooms and 2 bathrooms. Enter inside to the spacious living room with fireplace. The airy, all-white kitchen offers ample cabinet storage, a window seat, and opens to the private rear patio/courtyard. The numerous windows throughout allow for an abundance of natural light within the home. An entertainer’s paradise, the rooftop deck is large enough to entertain guests while enjoying breathtaking Pacific Ocean views. Completely remodeled in 2015, the other unit is located on the second-level featuring a 1 bedroom, 1 bathroom layout with a private deck offering peek-a-boo ocean views. The 1-car garage has a brand new garage door and opener. The driveway allows for parking 2 additional vehicles. Outdoors is the shared laundry for both units. Centrally located, this property is close to the beach, surf spots, dining, and affluent shopping centers. This functional Duplex is perfect as a Short/Long Term Rental or for year-round BEACH Living!

Last Agent to Sell the Property

Angela Aguda

Seven Gables Real Estate License #01492258 Listed on: 05/01/2021

Seven Gables Real Estate

Last Buyer's Agent

Angela Aguda

Seven Gables Real Estate License #01492258 Listed on: 05/01/2021

Seven Gables Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 3,049 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • 1 Carport Space
  • Parking Available
  • Single Garage Door
  • Driveway

Property Views

  • Ocean
  • Catalina
  • Panoramic

Home Design

  • Property Attached

Interior Spaces

  • 1,988 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Living Room with Fireplace
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Additional Features

  • Balcony
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 670
  • Assessor Parcel Number 42330805

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Park

Building Details

  • 2 Leased Units
  • Electric Expense $1,200
  • Fuel Expense $1,200
  • Insurance Expense $1,500
  • Trash Expense $1,200
  • Water Sewer Expense $1,000
  • New Taxes Expense $21,945
  • Operating Expense $28,045
  • Gross Income $77,424
  • Net Operating Income $53,273

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 1000.00
  • Property Type: Residential Income
  • Parcel Number: 42330805
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Ceiling Fan(s), Furnished, Granite Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 1003.52

Exterior Features

  • View: Catalina, Ocean, Panoramic
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Carport, Driveway, Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Park, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3049.00
  • Lot Size Acres: 0.0700

Multi Family

  • Electric Expense: 1200.00
  • Fuel Expense: 1200.00
  • Gross Income: 77424.00
  • Gross Scheduled Income: 77424.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 3049.0000 Square Feet
  • Net Operating Income: 53273.00
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Rent Control: No
  • Total Expenses: 28045.00

Tax Info

  • New Taxes Expense: 21945.00
  • Tax Lot: 3
  • Tax Tract Number: 670

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
05/28/2021 05/28/21 Sold $1,995,000 0.0% $1,004 / Sq Ft
05/09/2021 05/09/21 Pending -- -- --
05/08/2021 05/08/21 For Sale $1,995,000 +10.5% $1,004 / Sq Ft
05/04/2015 05/04/15 Sold $1,806,000 -2.4% $908 / Sq Ft
04/27/2015 04/27/15 Pending -- -- --
03/25/2015 03/25/15 For Sale $1,850,000 -- $931 / 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: OC21073806

California Regional Multiple Listing Service (CRMLS)

APN: 423-308-05