NOT LISTED FOR SALE

Estimated Value: $2,364,000 - $2,599,000

1 Bed
1 Bath
600 Sq Ft
$4,087/Sq Ft Est. Value

Highlights

  • Property is near a clubhouse
  • Traditional Architecture
  • Community Pool
  • Newport Elementary School Rated A
  • Neighborhood Views
  • 3-minute walk to West Newport Park

About This Home

As of April 2023

Ideally located just two blocks from one of Newport's finest beaches, this light and bright studio unit is ready for move-in. Offering fresh paint, vaulted, beam ceilings, an open kitchenette and a spacious bath. It also includes a carport with one car parking and storage space. This studio can be rented as one unit or the lower unit and upper unit can be rented together. The lower unit is three bedroom, two bath with a one car garage and it is currently available as well. Enjoy beach living and the amenities of the Newport Shores Community Association - pool, tennis, clubhouse, play and BBQ area.

Last Agent to Rent the Property

Tori Rimlinger

Compass License #01512376 Listed on: 04/18/2023

Compass

Co-Listed By

Kennie Jo Rizzo

Villa Real Estate License #00929634

Last Renter's Agent

Tori Rimlinger

Compass License #01512376 Listed on: 04/18/2023

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,092

Year Built

  • Built in 1960

Lot Details

  • 2,480 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence

Home Design

  • Duplex
  • Traditional Architecture
  • Studio
  • Barrel Roof Shape
  • Wood Siding
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 600 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Cooktop

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • All Upper Level Bedrooms
  • 1 Full Bathroom
  • Walk-in Shower

Parking

  • 1 Car Garage
  • 1 Carport Space
  • Parking Available
  • Rear-Facing Garage
  • Assigned Parking

Location

  • Property is near a clubhouse

Schools

  • Newport Elementary School
  • Ensign Middle School
  • Newport Harbor High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Zoned Heating
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $3,000
  • Rent includes all utilities, association dues, pool
  • 12-Month Minimum Lease Term
  • Available 4/7/23
  • Legal Lot and Block 22 / 1
  • Tax Tract Number 772
  • Assessor Parcel Number 04507310

Community Details

Overview

  • Property has a Home Owners Association
  • Newport Shores Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,092

Year Built

Built in 1960

Lot Details

0

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2023-04-07
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 3000
  • Furnished: Unfurnished

Listing Details

  • Structure Type: Duplex
  • Property Attached: Yes
  • Subdivision Name Other: Newport Shores (NEWS)
  • View: Yes
  • Architectural Style: Traditional
  • Property Sub Type: Studio
  • Property Type: Residential Lease
  • Parcel Number: 04507310
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 600.00 Square Feet
  • Interior Amenities: Copper Plumbing Partial
  • Stories: 2
  • Entry Location: over garage
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Eating Area: Area, Breakfast Counter / Bar
  • Entry Level: 2
  • Levels: One
  • Price Per Square Foot: 3.42
  • Room Type: All Bedrooms Up
  • Bathroom Features: Shower

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Features: Association
  • Pool Private: No
  • Roof: Barrel
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 1.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Assigned, Garage Faces Rear
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Electric Cooktop
  • Heating Type: Zoned
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Newport
  • Middle School: Ensign
  • High School: Newport Harbor
  • Elementary School: Newport
  • High School: Newport Harbor
  • Middle Or Junior School: Ensign
  • Elementary School #2: NEWPOR
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Lot Features: Close to Clubhouse
  • Lot Size Sq Ft: 2480.00
  • Lot Size Acres: 0.0569

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 2480.0000 Square Feet
  • Number Of Units Total: 1
  • Rent Includes: All Utilities, Association Dues, Pool

Tax Info

  • Tax Block: 1
  • Tax Lot: 22
  • Tax Model: C
  • Tax Tract: Newport Shores
  • Tax Tract Number: 772

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2023
Sold by
Lear Jonathan and Lear Kelly
Bought by
Delearious Llc
Current Estimated Value
$2,452,106

Purchase Details

Closed on
Apr 17, 2021
Sold by
Lear Jon M
Bought by
Lear Carol B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$822,375
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2021
Sold by
Chaban Cheryl and Gonya Sandra
Bought by
Lear Jonathan and Lear Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$822,375
Interest Rate
3.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Delearious Llc -- None Listed On Document
Lear Carol B -- Chicago Title Co
Lear Jonathan $1,585,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lear Jonathan $822,375
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2023 04/18/23 Rented $2,050 0.0% --
04/18/2023 04/18/23 For Rent $2,050 0.0% --
04/05/2023 04/05/23 Off Market $2,050 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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
2025 $18,092 $1,715,654 $1,630,166 $85,488
2024 $18,092 $1,682,014 $1,598,202 $83,812
2023 $17,667 $1,649,034 $1,566,865 $82,169
2022 $17,373 $1,616,700 $1,536,142 $80,558
2021 $1,259 $85,090 $36,563 $48,527
2020 $1,247 $84,218 $36,188 $48,030
2019 $1,228 $82,567 $35,478 $47,089
2018 $1,207 $80,949 $34,783 $46,166
2017 $1,187 $79,362 $34,101 $45,261
2016 $1,164 $77,806 $33,432 $44,374
2015 $1,151 $76,638 $32,930 $43,708
2014 $1,124 $75,137 $32,285 $42,852
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP23055213

California Regional Multiple Listing Service (CRMLS)

APN: 045-073-10