Landlord's Agent in 2023
Kim Bibb
Pacific Sotheby's Int'l Realty
(714) 396-0185
19 in this area
121 Total Sales
306 E Oceanfront Unit B Newport Beach, CA 92661
Central Newport Beach NeighborhoodEstimated Value: $3,442,000 - $7,526,000
2
Beds
1
Bath
500
Sq Ft
$11,271/Sq Ft
Est. Value
Highlights
- Ocean Front
- Living Room with Attached Deck
- Stone Countertops
- Newport Elementary School Rated A
- Furnished
- No HOA
About This Home
As of April 2023Welcome to 306 East Oceanfront #B, a charming furnished coastal cottage situated above the garage with no common walls in one of the most desirable areas of Southern California, the Balboa Peninsula. A two bedroom, one bathroom floor plan complete with a large living room that opens to a patio with ocean views as far as the eye can see. 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. 306 East Oceanfront is truly a one of a kind lease opportunity in a landmark location on the sand!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1922
Lot Details
- 2,400 Sq Ft Lot
- Ocean Front
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
- Parking Available
Property Views
- Ocean
- Catalina
Home Design
- Duplex
- Cottage
Interior Spaces
- 500 Sq Ft Home
- 2-Story Property
- Furnished
- Family Room Off Kitchen
- Living Room with Attached Deck
Kitchen
- Open to Family Room
- Stone Countertops
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Bathroom
Laundry
- Laundry Room
- Laundry Located Outside
Additional Features
- Patio
- No Heating
Listing and Financial Details
- Security Deposit $5,900
- Available 12/7/22
- Legal Lot and Block 4 / 2
- Tax Tract Number 510
- Assessor Parcel Number 04808208
Community Details
Overview
- No Home Owners Association
- Balboa Peninsula Subdivision
Pet Policy
- Breed Restrictions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 15, 2024
Sold by
306 E Oceanfront Newport Beach Llc
Bought by
306 East Oceanfront Llc
Current Estimated Value
Purchase Details
Closed on
May 17, 2022
Sold by
Cindy Calangelo Mardigian Inheritance Tr
Bought by
306 E Oceanfront Newport Beach Llc
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
Robles Josefina L
Bought by
Mardigian Cindy
Purchase Details
Closed on
Apr 22, 2003
Sold by
Soriano Andres M
Bought by
Robles Josefina L
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
Bouris Peter
Bought by
Robles Josefina L
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
Jianoula Tamplis and Jianoula G
Bought by
Tamplis Giannoula
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 306 East Oceanfront Llc | $4,950,000 | Fidelity National Title | |
| 306 E Oceanfront Newport Beach Llc | $5,300,000 | First American Title | |
| Mardigian Cindy | $3,500,000 | Lawyers Title | |
| Robles Josefina L | -- | Equity Title Company | |
| Robles Josefina L | $1,550,000 | Equity Title Company | |
| Tamplis Giannoula | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | 306 E Oceanfront Newport Beach Llc | $3,500,000 | |
| Previous Owner | Robles Josefina L | $999,999 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/27/2023 04/27/23 | Rented | $4,900 | 0.0% | -- |
| 02/22/2023 02/22/23 | Price Changed | $4,900 | -16.9% | $10 / Sq Ft |
| 12/07/2022 12/07/22 | For Rent | $5,900 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $57,841 | $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
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP22252510
APN: 048-082-08
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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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