NOT LISTED FOR SALE
6 Beds
4 Baths
2,374 Sq Ft
2,614 Sq Ft Lot

Sale Details

Date Sold: November 20, 2023

Last sale price $2,225,000 $937 Per Sq Ft

4 Days on Market

Highlights

  • No HOA
  • Central Heating
  • Level Lot
  • Newport Elementary School Rated A
  • 3 Car Garage
  • 3-minute walk to West Newport Park

About This Home

As of November 2023

Newport Beach Duplex opportunity! Nestled in the heart of one of Southern California's most coveted coastal communities - "Newport Shores". This Duplex represents one of the best values in Newport Beach. It boasts two impeccably designed units that offer incredible investment potential. Both units are 3 bedrooms / 2 bathrooms. This property has a 3-car garage with shared laundry in the garage. A brand new exterior paint job was just completed last month. Both units have large open floor plans making them easy units to keep rented. They feel light, bright, and open... with plenty of natural light and the perfect ocean breeze. This property has been well-maintained and professionally managed for years. Lower Unit (A): 3 bed / 2 bath. New vinyl plank flooring. New kitchen. Older bathrooms. Currently rented at $4,300 / month - Lease expires 6/30/24. Upper Unit (B): 3 bed / 2 bath. Newer flooring. Older kitchen and bathrooms. Currently rented at $3,400 / month – Lease expires 7/31/24. This is a terrific opportunity to invest in a fully occupied duplex property in the highly-desired "Newport Shores" neighborhood. Your Tenants will enjoy living the Southern California lifestyle near beaches, surfing, paddleboarding, boating, and biking. The seller is also selling two other Duplex Properties at the same time. [208 Lugonia Street (MLS# OC23189782) and 210 Lugonia Street (MLS# OC23189784)]. These three duplex properties can be purchased together or separately.

Last Agent to Sell the Property

Larry Birnbaum

LMB Enterprises License #01363487 Listed on: 10/16/2023

Last Buyer's Agent

Tori Rimlinger

Compass License #01512376

Compass
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 2,614 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 2,374 Sq Ft Home
  • 2-Story Property
  • Laundry in Garage

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Heating
  • No Utilities
  • Standard Electricity

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 7 / 5
  • Tax Tract Number 709
  • Assessor Parcel Number 04508204

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Newport Shores Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Water Sports

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

2,614 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Newport Shores (NEWS)
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 04508204
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 937.24

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: None
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Watersports, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600
  • Latitude Manual: 33.62773500

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 92400.00
  • Lot Size Area: 2614.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Actual Rent: 7700.00

Tax Info

  • Tax Block: 5
  • Tax Census Tract: 636.03
  • Tax Lot: 7
  • Tax Tract Number: 709

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
Oct 16, 2023
Closed on
Oct 30, 2023
Sold by
Oconnor Family Trust and White Jennifer
Bought by
Seller's Agent
Larry Birnbaum
LMB Enterprises
Buyer's Agent
Tori Rimlinger
Compass
List Price
$2,250,000
Sold Price
$2,225,000
Premium/Discount to List
-$25,000
-1.11%
Views
16

Purchase Details

Closed on
Nov 12, 2021
Sold by
Oconnor Patrick
Bought by
Oconnor Family Trust and Oconnor

Purchase Details

Closed on
Nov 15, 1998
Sold by
Patrick O Connor
Bought by
Oconnor Patrick and Oconnor Viola M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 22, 1998
Sold by
Patrick O Connor and O Connor Family Trust
Bought by
Oconnor Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$2,225,000 First American Title
Oconnor Family Trust -- --
Oconnor Patrick -- United Title Company
Oconnor Patrick -- United Title Company
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
Previous Owner $112,000
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
11/20/2023 11/20/23 Sold $2,225,000 -1.1% $937 / Sq Ft
10/20/2023 10/20/23 Pending -- -- --
10/16/2023 10/16/23 For Sale $2,250,000 -- $948 / 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
2026 $24,344 $2,314,890 $2,174,976 $139,914
2025 $23,959 $2,269,500 $2,132,329 $137,171
2024 $23,959 $2,225,000 $2,090,518 $134,482
2023 $2,020 $142,258 $56,600 $85,658
2022 $1,980 $139,469 $55,490 $83,979
2021 $1,945 $136,735 $54,402 $82,333
2020 $1,926 $135,333 $53,844 $81,489
2019 $1,896 $132,680 $52,788 $79,892
2018 $1,862 $130,079 $51,753 $78,326
2017 $1,831 $127,529 $50,738 $76,791
2016 $1,795 $125,029 $49,743 $75,286
2015 $1,775 $123,151 $48,995 $74,156
2014 $1,735 $120,739 $48,035 $72,704
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23189780

California Regional Multiple Listing Service (CRMLS)

APN: 045-082-04

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