Seller's Agent in 2012
Tim Smith
Coldwell Banker Realty
(949) 478-2295
13 in this area
675 Total Sales
414 E Oceanfront Newport Beach, CA 92661
Central Newport Beach Neighborhood
--
Bed
--
Bath
3,001
Sq Ft
3,049
Sq Ft Lot
Highlights
- Beach Front
- White Water Ocean Views
- Ocean Side of Freeway
- Newport Elementary School Rated A
- Property has ocean access
- 5-minute walk to Balboa Peninsula Park
About This Home
As of October 2012Oceanfront triplex on the Balboa Peninsula with direct beach access. Amazing investment opportunity. Unit A: (Lower front unit)3 bedrooms, 2 bathrooms, sleeps 8-10. $3,400 per week during the summer/$3,400 per month during the remainder of the year. Unit B: (Upper front rear) 2 bedrooms, 2 bathrooms, sleeps 6, one garage spot. $2,800 per week during the summer/$2,800 per month during the remainder of the year. Unit C (Upper rear unit): 2 bedroom, 2 bathroom, sleeps 6, small rooftop deck with ocean views. $2,200 per week during the summer/$2,200 per month during the remainder of the year.
Last Agent to Sell the Property
Coldwell Banker Realty License #01346878 Listed on: 07/16/2012
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1972
Lot Details
- 3,049
Property Views
- White Water Ocean
- Coastline
Home Design
- Brick Exterior Construction
- Fire Rated Drywall
- Spanish Tile Roof
- Clay Roof
- Stucco
Interior Spaces
- 3,001 Sq Ft Home
- Fireplace Features Masonry
- Tile Countertops
Flooring
- Wood
- Carpet
- Tile
Parking
- 4 Parking Spaces
- Parking Lot
- Assigned Parking
Outdoor Features
- Property has ocean access
- Ocean Side of Freeway
Additional Features
- Beach Front
- No Heating
Listing and Financial Details
- Tax Lot 18
- Tax Tract Number 104
- Assessor Parcel Number 04812111
Community Details
Overview
- 3 Units
Building Details
- Other Expense $14,300
- Professional Management Expense $22,176
- Gross Income $15,400
- Net Operating Income $148,324
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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 |
|---|---|---|---|---|
| 10/09/2012 10/09/12 | Sold | $2,750,000 | -8.3% | $916 / Sq Ft |
| 09/09/2012 09/09/12 | Pending | -- | -- | -- |
| 07/16/2012 07/16/12 | For Sale | $2,999,000 | -- | $999 / 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 | $35,749 | $3,386,424 | $2,955,431 | $430,993 |
| 2024 | $35,749 | $3,320,024 | $2,897,481 | $422,543 |
| 2023 | $34,909 | $3,254,926 | $2,840,668 | $414,258 |
| 2022 | $34,323 | $3,191,104 | $2,784,968 | $406,136 |
| 2021 | $33,667 | $3,128,534 | $2,730,361 | $398,173 |
| 2020 | $33,343 | $3,096,455 | $2,702,364 | $394,091 |
| 2019 | $32,658 | $3,035,741 | $2,649,377 | $386,364 |
| 2018 | $32,009 | $2,976,217 | $2,597,428 | $378,789 |
| 2017 | $31,444 | $2,917,860 | $2,546,498 | $371,362 |
| 2016 | $30,740 | $2,860,648 | $2,496,567 | $364,081 |
| 2015 | $30,449 | $2,817,679 | $2,459,066 | $358,613 |
| 2014 | $29,733 | $2,762,485 | $2,410,896 | $351,589 |
Source: Public Records
Agents Affiliated with this Home
-
Tim Smith
-
Albert Hanna
Buyer's Agent in 2012
Albert Hanna
Alt Financial Network Inc
(714) 448-0126
28 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: U12002860
APN: 048-121-11
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