NOT LISTED FOR SALE

2202 W Oceanfront Newport Beach, CA 92663

Central Newport Beach Neighborhood
5 Beds
-- Bath
3,400 Sq Ft
3,049 Sq Ft Lot

Last Sold September 17, 2021

Last sale price $4,100,000 $1,206 Per Sq Ft

Highlights

  • White Water Ocean Views
  • Fishing
  • Wood Flooring
  • Newport Elementary School Rated A
  • Across the Road from Lake or Ocean
  • Main Floor Bedroom

About This Home

As of September 2021

Situated directly in front of Blackies surf break with views of the Newport Pier, crashing waves, and Catalina Island, this oceanfront quadruplex with garage parking for 4-cars presents a rare investment opportunity for stable, long-term income as well as short-term lodging income. Thoughtfully designed, the beautiful upper units, (1) 2BR/2BA and (1) 1BR/1BA, can be combined for a 3BR/2BA unit to accommodate larger groups and earn premium rates. Fit with quality stainless steel appliances, a marble fireplace, cherry-wood cabinets, teak flooring and voluminous ceilings, the ocean-facing upper unit is an attractive residence for a homeowner or luxury vacationers alike. A spacious sundeck with built-in barbecue and bar-top offers the coveted indoor-outdoor lifestyle and a private retreat to watch passerby, sunsets, and surfers challenging the waves. Each upper unit comes with in-unit laundry and has been recently refurnished (2020), painted, and permitted for short-term lodging, while the (2) 1BR/1BA lower units share laundry in the garage and showcase new vinyl flooring. Additional highlights include one new garage door and track as well as a gated courtyard entry. Given its highly desirable location and luxe accommodations at the center of Newport’s cultural attractions, the income potential for this performing asset reveal a sound investment.

Last Agent to Sell the Property

Tim Smith

Coldwell Banker Realty License #01346878 Listed on: 09/17/2021

Coldwell Banker Realty

Last Buyer's Agent

Tim Smith

Coldwell Banker Realty License #01346878 Listed on: 09/17/2021

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 3,049 Sq Ft Lot
  • No Common Walls
  • Landscaped

Parking

  • 4 Car Garage
  • Parking Available

Property Views

  • White Water Ocean
  • Coastline
  • Catalina

Home Design

  • Quadruplex

Interior Spaces

  • 3,400 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Double Pane Windows
  • Blinds
  • Sliding Doors
  • Entryway
  • Living Room with Fireplace

Kitchen

  • Gas Cooktop
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Mirrored Closets Doors

Laundry

  • Laundry Room
  • Laundry in Garage
  • Stacked Washer and Dryer

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Outdoor Grill

Location

  • Across the Road from Lake or Ocean

Utilities

  • Cooling System Mounted To A Wall/Window
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 2 / 22
  • Tax Tract Number 512
  • Assessor Parcel Number 04714324

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Balboa Peninsula Subdivision

Recreation

  • Fishing

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,250
  • Fuel Expense $350
  • Gardener Expense $960
  • Insurance Expense $2,800
  • Other Expense $4,707
  • Professional Management Expense $9,711
  • Water Sewer Expense $1,100
  • New Taxes Expense $40,000
  • Operating Expense $60,878
  • Gross Income $149,400
  • Net Operating Income $88,522

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

4

Listing Details

  • Inclusions: Select Furnishings in Upper Units
  • Price Per Unit: 1025000
  • Professional Management Expense: 9711.00
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Water Sewer Expenses: 1100.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 04714324
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, High Ceilings
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s), Sliding Doors
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 1205.88
  • Room Type: Entry, Kitchen, Living Room, Main Floor Bedroom
  • Window Features: Blinds, Double Pane Windows

Exterior Features

  • Exterior Features: Barbecue Private
  • View: Catalina, Coastline, Ocean, Water, White Water
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Dishwasher, Freezer, Gas Range, Gas Cooktop, Microwave, Range Hood, Refrigerator
  • Laundry Features: In Closet, In Garage, Inside, Stackable
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Fishing, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 3049.00
  • Lot Size Acres: 0.0700

Multi Family

  • Electric Expense: 1250.00
  • Fuel Expense: 350.00
  • Gross Income: 149400.00
  • Gross Scheduled Income: 149400.00
  • Insurance Expense: 2800.00
  • Lot Size Area: 3049.0000 Square Feet
  • Net Operating Income: 88522.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 1
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 60878.00
  • Other Expense: 4707.00
  • Rent Control: No
  • Total Expenses: 60878.00
  • Waterfront Features: Across the Road from Lake/Ocean

Tax Info

  • New Taxes Expense: 40000.00
  • Tax Block: 22
  • Tax Census Tract: 635.00
  • Tax Lot: 2
  • Tax Tract Number: 512

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 Prior Sale
09/17/2021 09/17/21 Sold $4,100,000 0.0% $1,206 / Sq Ft
09/17/2021 09/17/21 Pending -- -- --
09/17/2021 09/17/21 For Sale $4,100,000 +18.8% $1,206 / Sq Ft
05/08/2015 05/08/15 Sold $3,450,000 -12.7% $1,015 / Sq Ft View Prior Sale
05/08/2015 05/08/15 Pending -- -- --
09/04/2014 09/04/14 For Sale $3,950,000 -- $1,162 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tim Smith

    Seller's Agent in 2021

    Tim Smith

    Coldwell Banker Realty

    (949) 717-4711

    13 in this area

    694 Total Sales

    Tim Smith
    Section Image
  • Hunter Jack

    Buyer Co-Listing Agent in 2021

    Hunter Jack

    Coldwell Banker Realty

    (949) 230-2836

    3 in this area

    50 Total Sales

    Hunter Jack
    Section Image

  • M

    Seller's Agent in 2015

    Matt Smith

    Compass Real Estate

    Section Image
  • Amalia Khachikian

    Buyer's Agent in 2015

    Amalia Khachikian

    Berkshire Hathaway HomeServices California Properties

    (818) 528-3200

    49 Total Sales

    Amalia Khachikian
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP21205982

California Regional Multiple Listing Service (CRMLS)

APN: 047-143-24

California Orange County Newport Beach 92663 Central Newport Beach

2202 W Oceanfront, Newport Beach, CA

This home is located at 2202 W Oceanfront, Newport Beach, CA 92663 since 17 September 2021. This property was built in 1961. 2202 W Oceanfront is a home located in Orange County with nearby schools including Newport Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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

Nearby Homes