402 E Oceanfront Newport Beach, CA 92661
Central Newport Beach Neighborhood
7
Beds
4
Baths
3,258
Sq Ft
2,614
Sq Ft Lot
Highlights
- Beach Front
- Ocean View
- Cape Cod Architecture
- Newport Elementary School Rated A
- Property has ocean access
- Property is near public transit
About This Home
As of August 2017Oceanfront duplex on the sand with 4 bedrooms and 2 baths upstairs. 3 bedrooms and 2 baths down. A rare find with 7 bedrooms on the beach. This is furnished and both units leased for the winter. The summer is rented weekly. Each unit has open kitchens and a fireplace in the living room. The lower unit has a spacious patio. Upper has a small balcony. New exterior paint. Dual pained vinyl windows. Front has hardy board and low maintenance. 2 car shared garage with coin laundry. A popular short term rental on the beach. The boardwalk is right in front and you can walk or bike to the Balboa Pier, Balboa business district and take the ferry to Balboa Island. The Municipal City beach parking lot is just under a block away for guests and extra parking. The City of Newport Beach sells parking permits for Municipal parking.
Last Agent to Sell the Property
Jim Jacobs Realty License #00868230 Listed on: 03/24/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1972
Lot Details
- 2,614 Sq Ft Lot
- Lot Dimensions are 27 x 95
- Beach Front
- Property fronts an alley
- 1 Common Wall
- Southwest Facing Home
- Brick Fence
Parking
- 2 Car Garage
- Parking Available
- Assigned Parking
Property Views
- Ocean
- Coastline
- Catalina
Home Design
- Cape Cod Architecture
- Property Attached
- Cosmetic Repairs Needed
- Slab Foundation
- Tar and Gravel Roof
- Copper Plumbing
- Clapboard
- Stucco
Interior Spaces
- 3,258 Sq Ft Home
- 2-Story Property
- Furnished
- Beamed Ceilings
- Double Pane Windows
- Family Room with Fireplace
Kitchen
- Gas Oven
- Microwave
- Dishwasher
- Disposal
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
- Gas Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Property has ocean access
- Balcony
Utilities
- Central Heating
- Heating System Uses Natural Gas
- Underground Utilities
- Gas Water Heater
- Cable TV Available
Additional Features
- Doors swing in
- Two Homes on a Lot
- Property is near public transit
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Legal Lot and Block 12 / 400
- Tax Tract Number 104
- Assessor Parcel Number 04812118
Community Details
Overview
- No Home Owners Association
- 2 Units
- Built by Tom Horn/D Smith
Amenities
- Laundry Facilities
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $600
- Insurance Expense $1,750
- Professional Management Expense $15,000
- Trash Expense $1,250
- Water Sewer Expense $420
- New Taxes Expense $45,000
- Operating Expense $19,020
- Gross Income $130,000
- Net Operating Income $114,000
Similar Homes in the area
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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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/21/2017 08/21/17 | Sold | $4,300,000 | 0.0% | $1,531 / Sq Ft |
| 08/21/2017 08/21/17 | Sold | $4,300,000 | -1.1% | $1,320 / Sq Ft |
| 05/23/2017 05/23/17 | Pending | -- | -- | -- |
| 05/23/2017 05/23/17 | Pending | -- | -- | -- |
| 04/17/2017 04/17/17 | For Sale | $4,350,000 | 0.0% | $1,549 / Sq Ft |
| 03/24/2017 03/24/17 | For Sale | $4,350,000 | -- | $1,335 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Jim Jacobs
Seller's Agent in 2017
Jim Jacobs
Jim Jacobs Realty
(949) 689-4200
12 Total Sales
-
Israel Maldonado
I
Buyer's Agent in 2017
Israel Maldonado
Israel Maldonado, Broker
(323) 833-6724
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP17055359
APN: 048-121-18
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