NOT LISTED FOR SALE

213 42nd St Newport Beach, CA 92663

West Newport Beach Neighborhood
4 Beds
2 Baths
2,200 Sq Ft
2,375 Sq Ft Lot

Last Sold April 19, 2013

Last sale price $1,200,000 $545 Per Sq Ft

121 Days on Market

Highlights

  • Cape Cod Architecture
  • Wood Flooring
  • Laundry Room
  • Newport Elementary School Rated A
  • Granite Countertops
  • 2-minute walk to Channel Place Park

About This Home

As of April 2013

Completely remodeled in 2009. Each unit 2 bedroom 1 bath. All new kitchens and baths. Granite counters, stainless steel appliances in kitchen. Upper unit original oak hardwood floors. 3 garages all separated and private. 1 carport. Additional street parking in front of garages except street sweeping days.

Last Agent to Sell the Property

Jim Jacobs

Jim Jacobs Realty License #00868230 Listed on: 10/20/2012

Last Buyer's Agent

Jim Jacobs

Jim Jacobs Realty License #00868230 Listed on: 10/20/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 2,375 Sq Ft Lot
  • Property fronts an alley

Parking

  • 3 Car Garage
  • 1 Carport Space

Home Design

  • 2,200 Sq Ft Home
  • Cape Cod Architecture
  • Shingle Roof
  • Wood Siding
  • Stucco

Kitchen

  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 8 / 142
  • Tax Tract Number 164
  • Assessor Parcel Number 42329614

Community Details

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,700
  • Water Sewer Expense $540
  • New Taxes Expense $13,000
  • Gross Income $4,350
  • Net Operating Income $47,000

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 3.65
  • Road Frontage Type: Alley
  • Water Sewer Expenses: 540.00
  • Zoning: R-2
  • Architectural Style: Cape Cod
  • Property Type: Residential Income
  • Parcel Number: 42329614
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Granite Counters
  • Flooring: Vinyl, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 545.45

Exterior Features

  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 3.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Microwave, Refrigerator
  • Heating Type: Natural Gas
  • Laundry Features: Community, Dryer Included, Washer Included
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 2375.00
  • Lot Size Acres: 0.0550

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 4350.00
  • Gross Multiplier: 24.67
  • Gross Scheduled Income: 52200.00
  • Insurance Expense: 1700.00
  • Laundry Equipment Own Lease: Own
  • Net Operating Income: 47000.00
  • 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: 2
  • Number With Refrigerator: 2
  • Operating Expense: 5200.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 13000.00
  • Tax Area: 07001
  • Tax Block: 142
  • Tax Lot: 8
  • Tax Tract Number: 164

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 List to Sale Price per Sq Ft
04/19/2013 04/19/13 Sold $1,200,000 -6.8% $545 / Sq Ft
02/18/2013 02/18/13 Pending -- -- --
10/20/2012 10/20/12 For Sale $1,288,000 -- $585 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jim Jacobs

    Seller's Agent in 2013

    Jim Jacobs

    Jim Jacobs Realty

    (949) 689-4200

    5 in this area

    12 Total Sales

    Jim Jacobs
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U12004188

California Regional Multiple Listing Service (CRMLS)
California Orange County Newport Beach 92663 West Newport Beach

213 42nd St, Newport Beach, CA

This home is located at 213 42nd St, Newport Beach, CA 92663 since 20 October 2012. This property was built in 1960. 213 42nd St is a home located in Orange County with nearby schools including Newport Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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