Seller's Agent in 2017
Markus Brown
First Team Real Estate
(714) 544-5456
25 Total Sales
211 32nd St Newport Beach, CA 92663
West Newport Beach Neighborhood
4
Beds
2
Baths
1,550
Sq Ft
3,920
Sq Ft Lot
Highlights
- No HOA
- Level Lot
- 5-minute walk to 38th Street Park
- Newport Elementary School Rated A
About This Home
As of July 2017Rare redevelopment or cash flow opportunity with a 4000sf (40’ x 95’) extra wide lot in the heart of the peninsula. This special location is just a short walk from the beach, the bay, and local bars and restaurants. Current unit mix consists of a separately metered detached two bedroom, one bathroom bungalow on the street side of the property. The alley side has a separately metered detached, two story structure with a three car garage below and a two bedroom, one bathroom unit above. The middle garage space has been converted to a bonus room with a bathroom. Coin operated laundry in the garage brings in additional income. The extra width of this property allows up to three vehicles to parallel park in the alley bringing the onsite parking potential to five vehicles. The current site improvements underutilize the potential of the land. Per the city, the property is zoned for two units and redevelopment possibilities include a large duplex or two condos. Please do not walk on the property and do not disturb the occupants.
Last Agent to Sell the Property
First Team Real Estate License #01441782 Listed on: 02/15/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947
Lot Details
- 3,920 Sq Ft Lot
- No Common Walls
- Level Lot
Parking
- 3 Open Parking Spaces
- 2 Car Garage
Home Design
- 1,550 Sq Ft Home
- Duplex
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 18
- Tax Tract Number 418
- Assessor Parcel Number 42335316
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $772
- Insurance Expense $1,555
- Other Expense $388
- Trash Expense $300
- Water Sewer Expense $594
- New Taxes Expense $19,800
- Operating Expense $23,409
- Gross Income $65,280
- Net Operating Income $39,912
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/07/2017 07/07/17 | Sold | $1,600,000 | 0.0% | $1,032 / Sq Ft |
| 06/04/2017 06/04/17 | Pending | -- | -- | -- |
| 05/31/2017 05/31/17 | Price Changed | $1,600,000 | -1.5% | $1,032 / Sq Ft |
| 04/19/2017 04/19/17 | Price Changed | $1,625,000 | -3.6% | $1,048 / Sq Ft |
| 04/05/2017 04/05/17 | Price Changed | $1,685,000 | -2.3% | $1,087 / Sq Ft |
| 02/23/2017 02/23/17 | Price Changed | $1,725,000 | -4.2% | $1,113 / Sq Ft |
| 02/15/2017 02/15/17 | For Sale | $1,800,000 | -- | $1,161 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 |
|---|---|---|---|---|
| 2021 | $27,512 | $2,612,861 | $1,631,052 | $981,809 |
| 2020 | $20,575 | $1,952,214 | $1,614,328 | $337,886 |
| 2019 | $17,653 | $1,632,000 | $1,582,675 | $49,325 |
| 2018 | $17,303 | $1,600,000 | $1,551,642 | $48,358 |
| 2017 | $5,633 | $496,077 | $422,969 | $73,108 |
| 2016 | $5,509 | $486,350 | $414,675 | $71,675 |
| 2015 | $5,527 | $479,045 | $408,446 | $70,599 |
| 2014 | $5,399 | $469,662 | $400,445 | $69,217 |
Source: Public Records
Agents Affiliated with this Home
-
Markus Brown
-
Josef Szigeti
Buyer's Agent in 2017
Josef Szigeti
Douglas Elliman Of California
(949) 270-0449
43 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW17025566
APN: 423-353-16
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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