NOT LISTED FOR SALE

400 E Oceanfront Newport Beach, CA 92661

Central Newport Beach Neighborhood
7 Beds
6 Baths
3,166 Sq Ft
2,946 Sq Ft Lot

Last Sold April 20, 2021

Last sale price $5,200,000 $1,642 Per Sq Ft

190 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Fishing
  • Newport Elementary School Rated A
  • Property has ocean access
  • Primary Bedroom Suite

About This Home

As of April 2021

Welcome to Casa al Mare! Incredible attention to detail is the only way to describe this unique California Modern oceanfront Triplex located between the Newport and Balboa Piers in one of Southern California's most desired stretch of shoreline in Newport Beach. This meticulously restored and maintained investment property by interior designer Ron Gucciardo comes 'fully-furnished' and includes such luxury brand names as Viking, Tommy Bahama, and Calvin Klein. Enjoy living in one of these luxurious units and renting out the other 2 units. Stunning Pacific Ocean, Catalina, and Sunset views.Stackable washers and dryers are included in each unit and the immaculate 3 car garage contains a separate laundry room to handle weekly or monthly turnover of rental units. The garage also houses 3 Noritz tankless water heaters, one for each unit, as well as a Life Source Water Filtration System to provide filtered water for the entire property. Finally, each unit also comes with a Viking Stainless Steel Barbeque for outdoor use.Just minutes from the Balboa Island Ferry, Fun Zone, the Wedge and world-class shopping and dining. Also located steps away from public parking to accommodate guests. The property is situated on a corner lot, with easy access to and from the property on a wide access walkway. Pro-forma gross income of $431K for all 3 units and net operating income of $251K (4.38% cap rate). Visit www.400oceanfront.com for more info.

Last Agent to Sell the Property

Rick Marquis

Secured Realty Group License #01268532 Listed on: 09/01/2020

Last Buyer's Agent

Farah Kafaipour

Keller Williams Realty License #01425269

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972 | Remodeled

Lot Details

  • 2,946 Sq Ft Lot
  • Beach Front
  • No Common Walls
  • West Facing Home
  • Corner Lot
  • Rectangular Lot
  • No Sprinklers

Parking

  • 3 Car Attached Garage

Property Views

  • Ocean
  • Coastline
  • Views of a pier
  • Catalina
  • Panoramic

Home Design

  • Triplex
  • Modern Architecture
  • Turnkey
  • Frame Construction
  • Composition Roof
  • Wood Siding
  • Lap Siding
  • Cedar

Interior Spaces

  • 3,166 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Furnished
  • Wired For Data
  • Built-In Features
  • Crown Molding
  • Beamed Ceilings
  • High Ceiling
  • Recessed Lighting
  • Raised Hearth
  • Fireplace Features Masonry
  • Gas Fireplace
  • Family Room Off Kitchen
  • Living Room with Fireplace

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Range
  • Free-Standing Range
  • Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Ceramic Countertops

Flooring

  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Remodeled Bathroom
  • 6 Full Bathrooms
  • Tile Bathroom Countertop
  • Dual Sinks
  • Dual Vanity Sinks in Primary Bathroom
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Separate Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage
  • Stacked Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Property has ocean access
  • Living Room Balcony
  • Deck
  • Tile Patio or Porch
  • Outdoor Grill

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Tankless Water Heater
  • Water Purifier

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 628
  • Assessor Parcel Number 04812119

Community Details

Overview

  • Balboa Peninsula Subdivision

Recreation

  • Fishing
  • Water Sports
  • Bike Trail

Property Details

Home Type

Multi-Family

Year Built

Built in 1972 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Structure Type: Triplex
  • Assessments: No
  • Inclusions: All furnishings included
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Architectural Style: Modern
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential
  • Parcel Number: 04812119
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3166.00 Square Feet
  • Interior Amenities: Balcony, Beamed Ceilings, Built-in Features, Ceramic Counters, Crown Molding, Furnished, Granite Counters, High Ceilings, Living Room Balcony, Open Floorplan, Recessed Lighting, Stone Counters, Tile Counters, Wired for Data
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Tile
  • Appliances: Yes
  • Full Bathrooms: 6
  • Full And Three Quarter Bathrooms: 6
  • Total Bedrooms: 7
  • Eating Area: Area, Breakfast Counter / Bar, In Family Room
  • Fireplace Features: Gas, Living Room, Masonry, Raised Hearth
  • Levels: Two
  • Price Per Square Foot: 1642.45
  • Room Type: Family Room, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite
  • Bathroom Features: Bathtub, Double Sinks In Bath(s), Double Sinks In Master Bath, Exhaust Fan(s), Jetted Tub, Remodeled, Separate Tub And Shower, Shower, Shower In Tub, Tile Counters
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Remodeled Kitchen, Stone Counters, Tile Counters

Exterior Features

  • Patio: Yes
  • Direction Faces: West
  • View: Catalina, Coastline, Ocean, Panoramic, Pier, Water
  • Fence: No
  • Patio And Porch Features: Deck, Patio, Patio Open, Tile
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Cedar, Frame, Lap Siding, Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Dishwasher, Free-Standing Range, Freezer, Gas Range, Ice Maker, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Water Purifier
  • Heating Type: Fireplace(s), Forced Air
  • Laundry Features: Dryer Included, In Closet, In Garage, Stackable, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Fishing, Sidewalks, Watersports

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Rectangular Lot, Sprinklers None
  • Lot Size Sq Ft: 2946.00
  • Lot Size Acres: 0.0700

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2946.0000 Square Feet
  • Number Of Units In Community: 1
  • Waterfront Features: Beach Access, Beach Front, Ocean Access, Ocean Front

Tax Info

  • Tax Lot: 11
  • Tax Tract Number: 628.00

Range of Values:

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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
04/20/2021 04/20/21 Sold $5,200,000 -9.6% $1,642 / Sq Ft
03/10/2021 03/10/21 Pending -- -- --
01/05/2021 01/05/21 For Sale $5,750,000 +10.6% $1,816 / Sq Ft
12/31/2020 12/31/20 Off Market $5,200,000 -- --
12/07/2020 12/07/20 Price Changed $5,750,000 -4.1% $1,816 / Sq Ft
09/01/2020 09/01/20 For Sale $5,995,000 -- $1,894 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rick Marquis

    Seller's Agent in 2021

    Rick Marquis

    Secured Realty Group

    (818) 216-4202

    1 in this area

    2 Total Sales

    Section Image
  • Farah Kafaipour

    Buyer's Agent in 2021

    Farah Kafaipour

    Keller Williams Realty

    (949) 677-3469

    1 in this area

    15 Total Sales

    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-1051

Pasadena-Foothills Association of REALTORS®

APN: 048-121-19

California Orange County Newport Beach 92661 Central Newport Beach

400 E Oceanfront, Newport Beach, CA

This home is located at 400 E Oceanfront, Newport Beach, CA 92661 since 01 September 2020. This property was built in 1972. 400 E Oceanfront is a home located in Orange County with nearby schools including Newport Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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