NOT LISTED FOR SALE

Estimated Value: $2,748,341 - $4,052,000

6 Beds
4 Baths
2,405 Sq Ft
$1,294/Sq Ft Est. Value

Last Sold October 05, 2018

Last sale price $1,835,000 $763 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $19,336/month

64 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Stacked Washer and Dryer
  • Newport Elementary School Rated A
  • Level Lot

About This Home

As of October 2018

Newly listed spacious duplex centrally located in the heart of West Newport Beach. Both units are 3 bedrooms and 2 baths and recently updated with smooth ceilings, canned lighting, updated flooring, updated kitchen and baths; interior laundry for each unit. The upstairs unit features an oversized master bedroom and a spacious covered deck. The lower unit enjoys a traditional enclosed patio with a white picket fence, perfect for a post-surf BBQ with friends. Sporting a newer roof and a recently painted exterior, this seaside duplex provides great appeal and functionality with much to offer including an attached 2-car garage. The Residents can enjoy the best of Newport Beach with sandy warm beaches, Lido Marina Village, the Lido House Hotel plus world-class dining and shopping.

Last Agent to Sell the Property

Mike Kennedy

Pacific Sotheby's Int'l Realty License #01378430 Listed on: 07/08/2018

Pacific Sotheby's Int'l Realty

Co-Listed By

Scott Singer

Pacific Sotheby's Int'l Realty License #01310519

Pacific Sotheby's Int'l Realty

Last Buyer's Agent

Scott Singer

Pacific Sotheby's Int'l Realty License #01310519

Pacific Sotheby's Int'l Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,427

Year Built

  • Built in 1963

Lot Details

  • 2,178 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Duplex

Interior Spaces

  • 2,405 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 5 / 129
  • Tax Tract Number 418
  • Assessor Parcel Number 04707206

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $88,200
  • Net Operating Income $88,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,427

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: West Newport Beach (WSNB)
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 04707206
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 762.99

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, On Site
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Inside, Stackable
  • Sewer: Public Sewer
  • 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: Level
  • Lot Size Sq Ft: 2178.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 88200.00
  • Gross Scheduled Income: 88200.00
  • Net Operating Income: 88200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Actual Rent: 88200.00

Tax Info

  • Tax Block: 129
  • Tax Lot: 5
  • Tax Tract Number: 418

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2018
Closed on
Sep 12, 2018
Sold by
Woodall Timothy J and Woodall Julie A
Bought by
Ayala Michael A and Ayala Antalia
Seller's Agent
Mike Kennedy
Pacific Sotheby's Int'l Realty
Buyer's Agent
Scott Singer
Pacific Sotheby's Int'l Realty
List Price
$1,949,000
Sold Price
$1,835,000
Premium/Discount to List
-$114,000
-5.85%
Total Days on Market
64
Current Estimated Value
$3,111,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,276,585
Avg. Annual Appreciation
7.59%
Original Mortgage
$935,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 1, 2016
Closed on
Oct 28, 2016
Sold by
Lozano Ruben R
Bought by
Woodall Timothy J and Woodall Julie A
Seller's Agent
Mike Kennedy
Pacific Sotheby's Int'l Realty
Buyer's Agent
Mike Kennedy
Pacific Sotheby's Int'l Realty
List Price
$1,750,000
Sold Price
$1,750,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.61%
Original Mortgage
$1,225,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 26, 2015
Sold by
Lozano Anne Sherman
Bought by
Lozano Ruben R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2010
Sold by
Lozano Ruben R
Bought by
The Ruben Lozano Living Trust

Purchase Details

Closed on
Aug 10, 2000
Sold by
Lozano Ruben
Bought by
Lozano Ruben

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
8.15%
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 Buyer Sale Price Title Company
Ayala Michael A $1,835,000 Equity Title Co
Woodall Timothy J $1,750,000 Equity Title Company
Lozano Ruben R -- First American Title Company
The Ruben Lozano Living Trust -- None Available
Lozano Ruben -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ayala Michael A $750,000
Closed Ayala Michael A $935,000
Closed Ayala Michael A $935,000
Previous Owner Woodall Timothy J $1,225,000
Previous Owner Lozano Ruben R $310,000
Previous Owner Lozano Ruben R $200,000
Previous Owner Lozano Ruben $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2018 10/05/18 Sold $1,835,000 -5.8% $763 / Sq Ft
09/10/2018 09/10/18 Pending -- -- --
07/08/2018 07/08/18 For Sale $1,949,000 +11.4% $810 / Sq Ft
12/02/2016 12/02/16 Sold $1,750,000 0.0% $728 / Sq Ft
12/01/2016 12/01/16 Pending -- -- --
12/01/2016 12/01/16 For Sale $1,750,000 -- $728 / 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 $22,427 $2,006,838 $1,929,178 $77,660
2023 $21,923 $1,967,489 $1,891,351 $76,138
2022 $21,557 $1,928,911 $1,854,265 $74,646
2021 $21,158 $1,891,090 $1,817,907 $73,183
2020 $20,960 $1,871,700 $1,799,267 $72,433
2019 $19,793 $1,835,000 $1,763,987 $71,013
2018 $19,253 $1,785,000 $1,707,802 $77,198
2017 $18,913 $1,750,000 $1,674,315 $75,685
2016 $14,612 $1,346,195 $1,268,513 $77,682
2015 $14,473 $1,325,974 $1,249,458 $76,516
2014 $4,937 $425,235 $336,255 $88,980
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP18163707

California Regional Multiple Listing Service (CRMLS)

APN: 047-072-06