NOT LISTED FOR SALE
3 Beds
3 Baths
1,527 Sq Ft
1950 Built

Last Sold March 30, 2018

Last sale price $1,900,000 $1,244 Per Sq Ft

41 Days on Market

Highlights

  • Laundry Room
  • Newport Elementary School Rated A
  • 3-minute walk to 38th Street Park

About This Home

As of March 2018

Waterfront duplex with private boat dock, located in the prestigious Newport Island neighborhood with great potential - a rare opportunity for a remodel or development project. This home has been in the same family for over 30 years and is available now for the first time to own this prime property.

This property has a boat dock and can be broken into 2 units with separate power meters already in place. A great income property or great personal home. Two blocks to Lido Marina Village, Ocean, grocery store, Starbucks, and other local eateries/shops.

A 43’ width lot with the possibility of purchasing the adjacent lot, combined approx. 72’ of R2 zoned prime Newport waterfront real estate.

Highlights:
• Waterfront Newport Island Property
• Private Boat Dock
• 2 blocks to Ocean
• 43’ lot – opportunity to purchase adjacent lot for an approx. combined 72’ width
• R2 Zoned
• Gas Fireplace
• 2 kitchens
• Walking distance to Lido Marina Village, Ocean, grocery store, Starbucks, and other local eateries/shops.

Last Agent to Sell the Property

Kent Martin

Coldwell Banker Realty License #01873148 Listed on: 08/11/2017

Coldwell Banker Realty

Last Buyer's Agent

Alisa Clum

Cal Beach Real Estate License #01740624

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 4,204 Sq Ft Lot
  • No Common Walls
  • Value in Land

Parking

  • 3 Car Garage

Home Design

  • 1,527 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot N8
  • Assessor Parcel Number 42337304

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1
  • Fuel Expense $1
  • Insurance Expense $1
  • Trash Expense $11
  • Water Sewer Expense $1
  • New Taxes Expense $1
  • Operating Expense $100
  • Gross Income $4,564
  • Net Operating Income $4,464

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Subdivision Name Other: West Newport Beach (WSNB)
  • Water Sewer Expenses: 1.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 42337304
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 1244.27

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 11.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Value In Land
  • Lot Size Sq Ft: 4204.00

Multi Family

  • Electric Expense: 1.00
  • Fuel Expense: 1.00
  • Gross Income: 4564.00
  • Gross Scheduled Income: 4564.00
  • Insurance Expense: 1.00
  • Net Operating Income: 4464.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 100.00
  • Rent Control: Yes
  • Total Expenses: 100.00

Tax Info

  • New Taxes Expense: 1.00
  • Tax Census Tract: 635.00
  • Tax Lot: N8
  • Tax Tract Number: N8

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2018 03/30/18 Sold $1,900,000 -24.0% $1,244 / Sq Ft
09/21/2017 09/21/17 Pending -- -- --
08/11/2017 08/11/17 For Sale $2,500,000 0.0% $1,637 / Sq Ft
06/01/2015 06/01/15 Rented $1,200 0.0% --
06/01/2015 06/01/15 For Rent $1,200 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17186481

California Regional Multiple Listing Service (CRMLS)

APN: 423-373-04