NOT LISTED FOR SALE
5 Beds
4 Baths
2,103 Sq Ft
3,049 Sq Ft Lot

Last Sold May 22, 2018

Last sale price $1,831,000 $871 Per Sq Ft

18 Days on Market

Highlights

  • Ocean Side of Highway 1
  • Cathedral Ceiling
  • Living Room Balcony
  • Newport Elementary School Rated A
  • Neighborhood Views
  • Laundry Room

About This Home

As of May 2018

Classic beach duplex in the Finley tract of Newport Beach. Potential short-term rental use! The upper unit has three sun decks, and has been updated with granite countertops and stainless appliances in the kitchen, laminate flooring and new carpet. The great room has a cozy fireplace, soaring beamed ceilings, and French doors to the outside space. There are 3 bedrooms, including a master bedroom with walk-in closet and separate single closet, en suite bath, and private deck. The lower unit has two bedrooms, two bathrooms, a kitchen that opens to the family room with its brick fireplace and French doors that lead to the large patio- which gets lots of sun and is perfect for lounging and hosting barbecues! The home has been freshly painted inside and out, and has new carpeting in the bedrooms. A rare four car garage plus an additional car port means that you will have no trouble parking and storing bikes and boards! Location being paramount, you'll enjoy being a stones throw from the beach/surf, bay, Lido Marina Village, a host of restaurants, bars and cafes, and the trendy new Lido House Hotel! Perfect for investment or owner/user- welcome to your new beach house!

Last Agent to Sell the Property

Tim Carr

Pacific Sotheby's Int'l Realty License #01017277 Listed on: 04/13/2018

Co-Listed By

Christopher Sirianni

Coldwell Banker Realty License #01754015

Last Buyer's Agent

Dominic Tucci

Pacific Sotheby's Int'l Realty License #01506188

Pacific Sotheby's Int'l Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 3,049 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Duplex

Interior Spaces

  • 2,103 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Living Room with Fireplace
  • Living Room Balcony
  • Neighborhood Views

Kitchen

  • Gas Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Alarm System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Ocean Side of Highway 1
  • Exterior Lighting

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 18
  • Tax Tract Number 635
  • Assessor Parcel Number 42308518

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $1,500
  • Trash Expense $400
  • Water Sewer Expense $400
  • Operating Expense $17,150
  • Net Operating Income $58,980

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Wired for Alarm System
  • Subdivision Name Other: West Newport Beach (WSNB)
  • View: Yes
  • Water Sewer Expenses: 400.00
  • Zoning: R2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 42308518
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Living Room Balcony
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 870.66

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop, Microwave, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage, Inside
  • Sewer: Public Sewer
  • Trash Expense: 400.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 3049.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 65000.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 58980.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 1000.00
  • Rent Control: No
  • Total Expenses: 17150.00
  • Waterfront Features: Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 635.00
  • Tax Lot: 18
  • Tax Tract Number: 635

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
05/22/2018 05/22/18 Sold $1,831,000 -2.3% $871 / Sq Ft
05/01/2018 05/01/18 Pending -- -- --
04/13/2018 04/13/18 For Sale $1,875,000 -- $892 / Sq Ft
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: NP18084132

California Regional Multiple Listing Service (CRMLS)