NOT LISTED FOR SALE
6 Beds
6 Baths
3,870 Sq Ft
2,614 Sq Ft Lot

Sale Details

Date Sold: January 21, 2015

Last sale price $1,995,000 $516 Per Sq Ft

105 Days on Market

Highlights

  • Marina
  • Newport Elementary School Rated A
  • No HOA

About This Home

As of January 2015

Bay Apartments is a well maintained 6-unit apartment community located in Newport Beach, California. Set on a 2,400 square foot lot, the 3,434 square foot property offers one- and two-bedroom apartment homes many with beautiful interior renovations. Built in 1930 and recently renovated, the property is in a phenomenal location with superb freeway access. Bay Apartments is located in the highly desirable Newport Beach bay area, close to water sports, entertainment, restaurants, shopping and historic landmarks.

? Extensively renovated
? New windows/doors
? Some ocean & bay views
? New water heater
? Beautiful interiors
? Phenomenal location
? Laundry facilities
? 3 Garage parking spots
? Balconies (some units)
? Walking distance to shopping and restaurants

Last Agent to Sell the Property

Warren Berzack

Warren Lee Berzack License #01329015 Listed on: 10/08/2014

Warren Lee Berzack

Last Buyer's Agent

Joshua Cunningham

Surterre Properties Inc License #01802660

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 2,614 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,870 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Additional Features

  • Leased Washer and Dryer
  • Urban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 04809203

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Recreation

  • Marina

Building Details

  • 6 Leased Units
  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Insurance Expense $2,555
  • Maintenance Expense $5,000
  • Water Sewer Expense $2,400
  • New Taxes Expense $23,641
  • Gross Income $9,040
  • Net Operating Income $70,030

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

2,614 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Parcel Number: 04809203
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 515.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600

Multi Family

  • Electric Expense: 1000.00
  • Gross Income: 9040.00
  • Gross Scheduled Income: 108480.00
  • Insurance Expense: 2555.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 2614.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 70030.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 35196.00
  • Rent Control: No
  • Total Actual Rent: 8540.00
  • Waterfront Features: Marina in Community

Tax Info

  • New Taxes Expense: 23641.00
  • Tax Lot: 1
  • Tax Tract Number: 1
  • Tax Year: 2013

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 29, 2021
Sold by
Bought by

Purchase Details

Closed on
Feb 8, 2021
Sold by
Bought by

Purchase Details

Closed on
Oct 15, 2007
Sold by
Bought by

Purchase Details

Closed on
Apr 29, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
0.057%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 1999
Sold by
Bought by

Purchase Details

Closed on
May 7, 1999
Sold by
Bought by

Purchase Details

Closed on
Aug 3, 1998
Sold by
Bought by

Purchase Details

Closed on
Jan 31, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- None Available
-- None Available
-- None Available
-- Stewart Title
-- --
-- --
-- Lawyers Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $750,000
Previous Owner $450,000
Previous Owner $500,000
Previous Owner $1,500,000
Previous Owner $1,500,000
Previous Owner $750,000
Previous Owner $500,000
Previous Owner $1,000,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/21/2015 01/21/15 Sold $1,995,000 0.0% $516 / Sq Ft
01/21/2015 01/21/15 Pending -- -- --
10/08/2014 10/08/14 For Sale $1,995,000 +14.0% $516 / Sq Ft
11/14/2013 11/14/13 Sold $1,750,000 -5.4% $452 / Sq Ft View Prior Sale
11/14/2013 11/14/13 Pending -- -- --
06/22/2013 06/22/13 For Sale $1,850,000 -- $478 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,671 $487,310 $259,852 $227,458
2024 $5,574 $477,755 $254,756 $222,999
2023 $5,439 $468,388 $249,761 $218,627
2022 $5,342 $459,204 $244,863 $214,341
2021 $5,170 $450,200 $240,061 $210,139
2020 $5,119 $445,584 $237,599 $207,985
2019 $5,020 $436,848 $232,941 $203,907
2018 $4,922 $428,283 $228,374 $199,909
2017 $4,836 $419,886 $223,896 $195,990
2016 $4,730 $411,653 $219,505 $192,148
2015 $4,682 $405,470 $216,208 $189,262
2014 $4,704 $397,528 $211,973 $185,555
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR14217158

California Regional Multiple Listing Service (CRMLS)

APN: 050-201-18

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