$1,355,000
SOLD JUL 14, 2015
4 Beds
3 Baths
2,100 Sq Ft
2,614 Sq Ft Lot

Recently Sold

$645 Per Sq Ft

4% Below List Price

67 Days on Market

Highlights

  • Balcony
  • Plantation Shutters
  • Bungalow
  • Newport Elementary School Rated A
  • Laundry Room
  • Tile Flooring

About This Home

As of May 2022

Looking for the perfect beach house, with additional income potential, as well? You found it! This duplex offers a beautiful 2 bedroom, 2 bath front unit with private back patio space, an upstairs carriage unit with 2 bedrooms, 1 bath and a private front deck, as well as a downstairs, adorable non-conforming studio. Great opportunity for income with long term tenancy, as well as short term vacation rentals, or even a full remodel for a custom home. With the ocean and sand in view just outside the front door, it is ideally located and with only a 3 minute walk to the beach and a 5 minute walk to the bay side, shopping and restaurants. Parking is a breeze, as well, with a 2-car garage and a 1-car parallel space next to garage. This is a great opportunity and is priced to sell quickly.

Last Agent to Sell the Property

Anne Bergman

Berkshire Hathaway HomeServices Lifestyle Properties License #01877316 Listed on: 04/09/2015

Co-Listed By

carole meikle

Compass License #01483161

Last Buyer's Agent

James Shute

J.W. Shute International License #01043871

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $31,046

Year Built

  • Built in 1958

Lot Details

  • 2,614 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Paved or Partially Paved Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Two Garage Doors
  • Garage Door Opener
  • Parking Lot

Home Design

  • Bungalow
  • Combination Foundation
  • Raised Foundation
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,100 Sq Ft Home
  • Ceiling Fan
  • Plantation Shutters

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 128
  • Assessor Parcel Number 04710106

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 3 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,000
  • Trash Expense $216
  • Water Sewer Expense $504
  • New Taxes Expense $11,463
  • Gross Income $5,595
  • Net Operating Income $53,960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$31,046

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley
  • View: No
  • Water Sewer Expenses: 504.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 04710106
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Balcony, Ceiling Fan(s)
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 645.24
  • Window Features: Plantation Shutters

Exterior Features

  • Foundation: Slab, Combination, Raised
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Door Opener, Parking Space, Garage - Two Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Cooktop, Refrigerator
  • Heating Type: Forced Air, Wall Furnace
  • Laundry Features: In Garage
  • Trash Expense: 216.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 2614.00
  • Price Per Lot Square Foot: 518.36
  • Lot Size Acres: 0.0600

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 5595.00
  • Gross Scheduled Income: 67140.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 2614.0000 Square Feet
  • Net Operating Income: 53960.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 3
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 13180.00
  • Rent Control: No
  • Total Actual Rent: 5695.00

Tax Info

  • New Taxes Expense: 11463.00
  • Tax Lot: 5
  • Tax Tract Number: 128
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 16, 2024
Sold by
Curiel Rivera and Curiel Carmen
Bought by
Rc Family Investments Llc
Total Days on Market
67
Current Estimated Value
$3,178,654

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$348,008
Interest Rate
6.32%
Mortgage Type
Credit Line Revolving
Estimated Equity
$2,830,646

Purchase Details

Listed on
Jul 9, 2015
Closed on
Jun 24, 2015
Sold by
Ullon Teri Lui Ferris and Ullon Angela A
Bought by
Newport Happy Hour Llc
Seller's Agent
Anne Bergman
Berkshire Hathaway HomeServices Lifestyle Properties
Buyer's Agent
James Shute
J.W. Shute International
List Price
$1,410,000
Sold Price
$1,355,000
Premium/Discount to List
-$55,000
-3.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.01%
Original Mortgage
$940,000
Interest Rate
3.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 24, 2012
Sold by
Ullon Brian
Bought by
Ullon Angela A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$685,500
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2011
Sold by
Ullon Teri Lu Ferris
Bought by
Ullon Angela A

Purchase Details

Closed on
Jan 5, 2005
Sold by
Berry James F
Bought by
Ullon Teri Lu Ferris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 19, 1998
Sold by
Berry James E and Berry Nelly F
Bought by
Berry James F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
8.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 6, 1995
Sold by
Berry James E and Berry Nelly F
Bought by
Berry James E and Berry Nelly F

Purchase Details

Closed on
Sep 21, 1993
Sold by
Carr Ronald E and Carr Lois H
Bought by
Berry James E and Berry Nelly F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Atlas Title
Grant Deed -- Atlas Title
Grant Deed $1,355,000 Ticor Title Company
Interfamily Deed Transfer -- Ticor Title Riverside
Interfamily Deed Transfer -- Ticor Title Riverside
Interfamily Deed Transfer -- None Available
Grant Deed $950,000 First American Title Co
Interfamily Deed Transfer $280,000 First American Title Co
Interfamily Deed Transfer -- --
Grant Deed $275,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $350,000 Credit Line Revolving
Previous Owner $865,000 VA
Previous Owner $950,000 Commercial
Previous Owner $940,000 Purchase Money Mortgage
Previous Owner $685,500 New Conventional
Previous Owner $120,000 Credit Line Revolving
Previous Owner $680,000 Purchase Money Mortgage
Previous Owner $795,000 Unknown
Previous Owner $450,000 Unknown
Previous Owner $350,000 Unknown
Previous Owner $294,000 Unknown
Previous Owner $49,500 Stand Alone Second
Previous Owner $196,000 Purchase Money Mortgage
Previous Owner $175,000 Purchase Money Mortgage
Closed $34,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2022 05/27/22 Sold $2,700,000 +3.8% $1,488 / Sq Ft
04/15/2022 04/15/22 Pending -- -- --
04/11/2022 04/11/22 For Sale $2,600,000 +91.9% $1,433 / Sq Ft
07/14/2015 07/14/15 Sold $1,355,000 0.0% $645 / Sq Ft
07/14/2015 07/14/15 Sold $1,355,000 -3.9% $645 / Sq Ft
06/15/2015 06/15/15 Pending -- -- --
06/15/2015 06/15/15 Pending -- -- --
06/11/2015 06/11/15 For Sale $1,410,000 0.0% $671 / Sq Ft
05/17/2015 05/17/15 Pending -- -- --
04/09/2015 04/09/15 For Sale $1,410,000 0.0% $671 / Sq Ft
04/09/2015 04/09/15 For Sale $1,410,000 -- $671 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $31,046 $2,809,080 $2,739,607 $69,473
2023 $30,341 $2,754,000 $2,685,889 $68,111
2022 $17,335 $1,511,525 $1,447,308 $64,217
2021 $17,019 $1,481,888 $1,418,930 $62,958
2020 $16,860 $1,466,694 $1,404,381 $62,313
2019 $15,613 $1,437,936 $1,376,844 $61,092
2018 $15,304 $1,409,742 $1,349,847 $59,895
2017 $15,035 $1,382,100 $1,323,379 $58,721
2016 $14,700 $1,355,000 $1,297,430 $57,570
2015 $11,738 $1,067,385 $994,869 $72,516
2014 $11,463 $1,046,477 $975,381 $71,096
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15080778

California Regional Multiple Listing Service (CRMLS)

APN: 047-101-06