NOT LISTED FOR SALE
8 Beds
8 Baths
2,800 Sq Ft
3,402 Sq Ft Lot

Last Sold July 02, 2021

Last sale price $3,175,000 $1,134 Per Sq Ft

13 Days on Market

Highlights

  • Beach Access
  • Peek-A-Boo Views
  • Balcony
  • Newport Elementary School Rated A
  • No HOA
  • Wood Frame Window

About This Home

As of July 2021

INCREDIBLE 8 BEDROOM 8 BATH with active Short Term Lodging Permits. Well located in the desirable Seashore Drive area of West Newport, this large Oceanaire duplex offers 5 bedrooms upstairs and 3 bedrooms downstairs on a huge lot in the heart of Newport Beach's classic vacation rental district.

This property is ideal for anyone looking to capitalize on an already profitable vacation rental investment property. Pro forma by Seabreeze Vacation Rentals indicates higher income potential than currently being realized, and still more is possible with property upgrades. This is a great opportunity for investors looking to add to their vacation rental or long term portfolio.

Last Agent to Sell the Property

Art White

White Sail Real Estate License #01905655 Listed on: 04/02/2021

Co-Listed By

Pam White

White Sail Realty License #00846638

Last Buyer's Agent

Qin Zhou

REAL ESTATES UNLIMITED License #02055479

REAL ESTATES UNLIMITED

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 3,402 Sq Ft Lot
  • Lot Dimensions are 40x80
  • No Common Walls
  • West Facing Home
  • Rectangular Lot

Parking

  • 3 Car Garage
  • 3 Carport Spaces
  • Parking Available

Home Design

  • Duplex
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Stucco

Interior Spaces

  • 2,800 Sq Ft Home
  • Wood Frame Window
  • Family Room
  • Living Room
  • Dining Room
  • Storage
  • Peek-A-Boo Views
  • Termite Clearance

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Freezer
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms | 3 Main Level Bedrooms
  • 8 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Beach Access
  • Balcony
  • Concrete Porch or Patio
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 79
  • Tax Tract Number 3813
  • Assessor Parcel Number 42446407

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Water Sports
  • Bike Trail

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

3,402 Sq Ft Lot

Parking

3

Listing Details

  • Structure Type: Duplex
  • Assessments: No
  • Property Attached: No
  • Road Surface Type: Alley Paved, Paved
  • View: Yes
  • Property Condition: Repairs Cosmetic, Termite Clearance
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 42446407
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2800.00 Square Feet
  • Interior Amenities: Balcony, Storage
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Accessibility Features: See Remarks
  • Appliances: Yes
  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Eating Area: Dining Room
  • Entry Level: 1
  • Levels: Two
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 1133.93
  • Room Type: Family Room, Kitchen, Living Room
  • Window Features: Wood Frames
  • Bathroom Features: Shower In Tub

Exterior Features

  • Patio: Yes
  • Direction Faces: West
  • Foundation: Slab
  • View: Peek-A-Boo
  • Fence: No
  • Patio And Porch Features: Concrete, Patio Open
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 3.00
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Carport, Covered
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Freezer, Disposal, Gas Oven, Gas Cooktop, Microwave
  • Heating Type: Forced Air
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Gutters, Watersports, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size: 40x80
  • Lot Size Sq Ft: 3402.00
  • Lot Size Acres: 0.0781

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3402.0000 Square Feet
  • Number Of Units Total: 2
  • Waterfront Features: Beach Access

Tax Info

  • Tax Census Tract: 635.00
  • Tax Lot: 79
  • Tax Tract Number: 3813
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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 List to Sale Price per Sq Ft
07/02/2021 07/02/21 Sold $3,175,000 0.0% $1,134 / Sq Ft
04/02/2021 04/02/21 For Sale $3,175,000 -- $1,134 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $35,304 $3,369,335 $3,077,503 $291,832
2024 $35,304 $3,303,270 $3,017,160 $286,110
2023 $34,478 $3,238,500 $2,958,000 $280,500
2022 $33,906 $3,175,000 $2,900,000 $275,000
2021 $21,098 $1,957,140 $1,833,695 $123,445
2020 $20,895 $1,937,072 $1,814,892 $122,180
2019 $20,466 $1,899,091 $1,779,306 $119,785
2018 $20,741 $1,861,854 $1,744,417 $117,437
2017 $20,530 $1,825,348 $1,710,213 $115,135
2016 $20,096 $1,789,557 $1,676,679 $112,878
2015 $19,916 $1,762,677 $1,651,494 $111,183
2014 $19,459 $1,728,149 $1,619,143 $109,006
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP21065269

California Regional Multiple Listing Service (CRMLS)

APN: 424-464-07

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