NOT LISTED FOR SALE

306 E Oceanfront Unit A Newport Beach, CA 92661

Central Newport Beach Neighborhood

Estimated Value: $5,211,667 - $6,915,000

1 Bed
1 Bath
280 Sq Ft
$21,879/Sq Ft Est. Value

Highlights

  • Beach Front
  • Ocean View
  • Furnished
  • Newport Elementary School Rated A
  • Wood Flooring
  • No HOA

About This Home

As of March 2023

306 East Oceanfront #A is a unique furnished rental opportunity located on the sand in one of the most desirable areas of Southern California, the Balboa Peninsula. A charming coastal feel exudes in this adorable one bedroom one bath front cottage with a spacious kitchen and dining area. A large enclosed front patio is the perfect place to watch people go by on the boardwalk and enjoy the ocean breeze. Ideally located just minutes from the Balboa Pier, Fun Zone, the Wedge, Balboa Island Ferry, and all the world-class dining, shopping, and amenities Newport Beach has to offer. This is truly a one of a kind lease offering in a landmark location on the sand!

Last Agent to Rent the Property

Kim Bibb

Pacific Sotheby's Int'l Realty License #01210754 Listed on: 03/20/2023

Pacific Sotheby's Int'l Realty

Last Renter's Agent

Kim Bibb

Pacific Sotheby's Int'l Realty License #01210754 Listed on: 03/20/2023

Pacific Sotheby's Int'l Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 2,400 Sq Ft Lot
  • Beach Front
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Property Views

  • Ocean
  • Catalina

Home Design

  • Duplex
  • Cottage
  • Entry on the 1st floor

Interior Spaces

  • 280 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Wood Flooring
  • Laundry closet

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Tile Countertops

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Bathroom

Additional Features

  • Brick Porch or Patio
  • Heating Available

Community Details

  • No Home Owners Association
  • Balboa Peninsula Subdivision

Listing and Financial Details

  • Security Deposit $4,100
  • Available 4/1/23
  • Legal Lot and Block 4 / 2
  • Tax Tract Number 510
  • Assessor Parcel Number 04808208

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

2,400 Sq Ft Lot

Parking

1

Rental Info

  • Available Date: 2023-04-01
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 4100
  • Furnished: Furnished
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Duplex
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Architectural Style: Cottage
  • Property Sub Type: Duplex
  • Property Type: Residential Lease
  • Parcel Number: 04808208
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 280.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Eating Area: In Kitchen
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 13.57
  • Room Type: Kitchen, Living Room
  • Room Kitchen Features: Kitchen Open To Family Room, Tile Counters

Exterior Features

  • Patio: Yes
  • View: Catalina, Ocean
  • Patio And Porch Features: Brick, Patio Open
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Fireplace(s)
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2400.00
  • Lot Size Acres: 0.0551

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: Negotiable
  • Lot Size Area: 2400.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Beach Front, Ocean Front

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 628.00
  • Tax Lot: 4
  • Tax Tract Number: 510

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
Apr 15, 2024
Sold by
Bought by
Current Estimated Value
$6,126,167

Purchase Details

Closed on
May 17, 2022
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
$3,500,000
Interest Rate
5.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2017
Sold by
Bought by

Purchase Details

Closed on
Apr 22, 2003
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
$999,999
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 31, 2003
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
$999,999
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 21, 2000
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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
$4,950,000 Fidelity National Title
$5,300,000 First American Title
$3,500,000 Lawyers Title
-- Equity Title Company
$1,550,000 Equity 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 $3,500,000
Previous Owner $999,999
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
03/20/2023 03/20/23 Rented $3,800 -7.3% --
03/20/2023 03/20/23 For Rent $4,100 +7.9% --
12/15/2022 12/15/22 Rented $3,800 0.0% --
12/07/2022 12/07/22 For Rent $3,800 -- --
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 $53,460 $5,049,000 $4,986,439 $62,561
2024 $57,841 $5,406,000 $5,304,000 $102,000
2023 $56,778 $5,300,000 $5,200,000 $100,000
2022 $41,369 $3,827,761 $3,777,538 $50,223
2021 $40,812 $3,752,707 $3,703,468 $49,239
2020 $40,425 $3,714,228 $3,665,493 $48,735
2019 $39,613 $3,641,400 $3,593,620 $47,780
2018 $38,916 $3,570,000 $3,523,156 $46,844
2017 $21,756 $1,934,300 $1,878,536 $55,764
2016 $21,299 $1,896,373 $1,841,702 $54,671
2015 $21,286 $1,867,888 $1,814,038 $53,850
2014 $20,797 $1,831,299 $1,778,503 $52,796
Source: Public Records

Agents Affiliated with this Home

  • Kim Bibb

    Landlord's Agent in 2023

    Kim Bibb

    Pacific Sotheby's Int'l Realty

    (714) 396-0185

    17 in this area

    112 Total Sales

    Kim Bibb
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP23045851

California Regional Multiple Listing Service (CRMLS)

APN: 048-082-08

California Orange County Newport Beach 92661 Central Newport Beach

306 E Oceanfront Unit A, Newport Beach, CA

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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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