S
Seller's Agent in 2015
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(562) 257-1231
88 Total Sales
307 E Edgewater Ave Newport Beach, CA 92661
Central Newport Beach Neighborhood
6
Beds
7
Baths
3,325
Sq Ft
3,150
Sq Ft Lot
About This Home
As of April 2015A five-unit apartment building located at 307 East Edgewater Avenue in Newport Beach, California. The location of this building cannot be beat. It is located on Newport Peninsula directly on the water of Newport Bay. The frontage of the property allows tenants to sit on a beach five steps outside the building or relax on a private income producing dock that is included in the purchase of the property.
The property consists of five apartment units and a dock. The unit mix consists of two two-bedroom/two-bathroom units, one two-bedroom/one-and-one-half-bathroom unit, and two non-conforming studios. There is also a boat dock that can accommodate three boats. The front units have amazing bay views. The units have been updated.
The building is in a world class location. It is within walking distance of a three-mile stretch of sandy beach, world famous surf, and many famous Newport Beach hot spots. The hot spots include the Balboa Island Ferry, which transports passengers and cars from the Peninsula to Balboa Island.
The property is a great investment for an investor looking for a location in a prime coastal area.
Last Agent to Sell the Property
Steven M. Bogoyevac, Broker License #01332755 Listed on: 11/26/2014
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1910
Lot Details
- 3,150 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
Home Design
- 3,325 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 6 Bedrooms
- 7 Bathrooms
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 11
- Tax Tract Number 511
- Assessor Parcel Number 04810306
Community Details
Overview
- 5 Units
Building Details
- Electric Expense $5,639
- Insurance Expense $2,752
- Maintenance Expense $3,500
- Other Expense $1,192
- Pest Control $363
- Professional Management Expense $5,405
- New Taxes Expense $38,313
- Gross Income $11,150
- Net Operating Income $77,960
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/03/2015 04/03/15 | Sold | $3,250,000 | -5.8% | $977 / Sq Ft |
| 03/31/2015 03/31/15 | Pending | -- | -- | -- |
| 11/26/2014 11/26/14 | For Sale | $3,450,000 | -- | $1,038 / Sq Ft |
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 | $41,105 | $3,906,011 | $3,778,912 | $127,099 |
| 2024 | $41,105 | $3,829,423 | $3,704,816 | $124,607 |
| 2023 | $40,140 | $3,754,337 | $3,632,173 | $122,164 |
| 2022 | $40,405 | $3,680,723 | $3,560,954 | $119,769 |
| 2021 | $39,909 | $3,608,552 | $3,491,131 | $117,421 |
| 2020 | $39,533 | $3,571,551 | $3,455,334 | $116,217 |
| 2019 | $38,779 | $3,501,521 | $3,387,582 | $113,939 |
| 2018 | $38,175 | $3,432,864 | $3,321,159 | $111,705 |
| 2017 | $37,514 | $3,365,553 | $3,256,038 | $109,515 |
| 2016 | $36,693 | $3,299,562 | $3,192,194 | $107,368 |
| 2015 | $17,216 | $1,433,398 | $1,325,881 | $107,517 |
| 2014 | $16,817 | $1,405,320 | $1,299,909 | $105,411 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Bogoyevac
-
Marina Parker
Buyer's Agent in 2015
Marina Parker
Coldwell Banker Realty
(714) 343-9977
57 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW14249282
APN: 048-103-06
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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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