NOT LISTED FOR SALE
3 Beds
1 Bath
1,413 Sq Ft
2,550 Sq Ft Lot

Last Sold May 13, 2024

Last sale price $3,325,000 $2,353 Per Sq Ft

42 Days on Market

Highlights

  • Beach Access
  • Main Floor Primary Bedroom
  • Quartz Countertops
  • Abraham Lincoln Elementary School Rated A
  • High Ceiling
  • No HOA

About This Home

As of May 2024

When you think of the quintessential Balboa Island cottage this 2 bedroom 1 bath front unit of this duplex is it! Plus there is a nicely remodeled 1 bedroom back unit above the garage too. The front unit has a dutch door that opens to an open beam ceiling and a cozy fireplace in the living room, with a built in hutch in the dinning area. The kitchen has been upgraded with newer appliances. There is laminate flooring throughout. The main bedroom has a remote controlled ceiling fan and the second bedroom has a sliding glass door that leads to the back patio. The bathroom has been upgraded with a newer vanity and newer tile in the shower. The upstairs back 1 bedroom unit is located above the 2 car garage and it has newer LVP wood grained flooring throughout and newer quartz countertops in the kitchen and bathroom. The entire property was painted on the inside in 2023' and all of the appliances were installed in 2023' as well. The bathroom was majorly upgraded with new tub/shower combo and new a toilet. This property may be a prime candidate for a major rebuild and anyone considering this should contact the City of Newport Beach as to what could be built on the property.

Last Agent to Sell the Property

Mike Mullen

Surterre Properties Inc. License #01311226 Listed on: 02/16/2024

Surterre Properties Inc.

Last Buyer's Agent

Steve Roose

Luxury Real Estate License #01871043

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 2,550 Sq Ft Lot
  • Lot Dimensions are 30 x 85
  • Property fronts an alley
  • No Common Walls
  • Vinyl Fence
  • Level Lot

Parking

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

Home Design

  • Duplex
  • Cottage
  • Turnkey
  • Slab Foundation
  • Wood Roof
  • Asbestos Shingle Roof
  • Stucco

Interior Spaces

  • 1,413 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • High Ceiling
  • Ceiling Fan
  • Blinds
  • Living Room with Fireplace

Kitchen

  • Built-In Range
  • Ice Maker
  • Dishwasher
  • Quartz Countertops
  • Disposal

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 1 Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating
  • Wall Furnace
  • Vented Exhaust Fan
  • Natural Gas Connected
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Beach Access
  • Two Homes on a Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 0706
  • Tax Tract Number 6
  • Assessor Parcel Number 05019231

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Balboa Island Little Island Subdivision

Recreation

  • Water Sports
  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $2,000
  • Operating Expense $2,600
  • Net Operating Income $29,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Price Per Unit: 1700000
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Balboa Island - Little Island (BALL)
  • View: No
  • Zoning: Multi-Family
  • Architectural Style: Cottage
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 05019231
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Beamed Ceilings, Ceiling Fan(s), High Ceilings, Quartz Counters
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 2353.15
  • Room Type: Kitchen, Main Floor Bedroom, Main Floor Primary Bedroom
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • Other Structures: Two On A Lot
  • Fence: Yes
  • Fencing: Vinyl
  • Pool Private: No
  • Roof: Asbestos Shingle, Wood
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Disposal, Gas Water Heater, Ice Maker, Refrigerator, Vented Exhaust Fan
  • Electric: Electricity - On Property
  • Heating Type: Central, Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Watersports, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size: 30 X 85
  • Lot Size Sq Ft: 2550.00
  • Lot Size Acres: 0.0585

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 2550.0000 Square Feet
  • Net Operating Income: 29000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 31000.00
  • Rent Control: No
  • Total Expenses: 2600.00
  • Waterfront Features: Beach Access

Tax Info

  • Tax Lot: 0706
  • Tax Tract Number: 6

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
05/13/2024 05/13/24 Sold $3,325,000 0.0% $2,353 / Sq Ft
05/13/2024 05/13/24 Sold $3,325,000 -2.2% $2,348 / Sq Ft
03/29/2024 03/29/24 Pending -- -- --
03/29/2024 03/29/24 Pending -- -- --
02/16/2024 02/16/24 For Sale $3,400,000 0.0% $2,406 / Sq Ft
02/16/2024 02/16/24 For Sale $3,400,000 -- $2,401 / 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: NP24033181

California Regional Multiple Listing Service (CRMLS)

APN: 050-192-31