$1,810,000
SOLD JAN 3, 2018
2 Beds
2 Baths
1,211 Sq Ft
3,540 Sq Ft Lot

Recently Sold

$1,495 Per Sq Ft

9% Below List Price

160 Days on Market

Highlights

  • Ocean Side of Freeway
  • Laundry Room
  • 1-Story Property
  • Harbor View Elementary School Rated A
  • Back and Front Yard
  • 4-minute walk to Buck Gully Trailhead

About This Home

As of July 2020

Building opportunity! Potential for ocean views. Great property in the Village of Corona del Mar consists currently of two units- the back is a studio unit with separate kitchen, bath, and large private yard. The front is a 2BR, 1 BA with front yard space and private patio. R-2 lot, street to alley. Two single garages. Licensed with the City of Newport Beach for short-term rental -this is a great opportunity for a builder/investor to make extra money while going through the build process with the City. Great location close to beach, shops, restaurants, Crystal Cove Promenade and Fashion Island.

Last Agent to Sell the Property

Tim Carr

Pacific Sotheby's Int'l Realty License #01017277 Listed on: 06/26/2017

Last Buyer's Agent

Timothy Tamura

VALIA Properties License #01305097

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 3,540 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard

Parking

  • 2 Car Garage

Interior Spaces

  • 1,211 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Ocean Side of Freeway
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 186
  • Assessor Parcel Number 45922218

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • Gross Income $100
  • Net Operating Income $61,325

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Corona del Mar North of PCH (CNHW)
  • Property Type: Residential Income
  • Parcel Number: 45922218
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 1494.63

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 3540.00

Multi Family

  • Average2 Bed Area: 800 Square Feet
  • Average Studio Area: 400 Square Feet
  • Gross Income: 100.00
  • Gross Scheduled Income: 111600.00
  • Net Operating Income: 61325.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 20.00
  • Operating Expense Percent: 20.00
  • Other Income Description: One garage is rented
  • Rent Control: No
  • Vacancy Allowance Rate: 25.00
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • Tax Census Tract: 627.02
  • Tax Lot: 5
  • Tax Tract Number: 186

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2020
Closed on
Jun 18, 2020
Sold by
505 Poppy Llc
Bought by
Mjmuller Llc
Seller's Agent
Timothy Tamura
VALIA Properties
Buyer's Agent
Katrina Smith
Pinpoint Properties
List Price
$2,895,000
Sold Price
$3,008,515
Premium/Discount to List
$113,515
3.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,805,109
Outstanding Balance
$1,625,867
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 26, 2017
Closed on
Jan 9, 2018
Sold by
712 Marguerite Llc
Bought by
505 Poppy Llc
Seller's Agent
Tim Carr
Pacific Sotheby's Int'l Realty
Buyer's Agent
Timothy Tamura
VALIA Properties
List Price
$1,999,500
Sold Price
$1,810,000
Premium/Discount to List
-$189,500
-9.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.24%

Purchase Details

Listed on
Jun 26, 2017
Closed on
Dec 6, 2017
Sold by
Hamilton Barbara O Hara
Bought by
712 Marguerite Llc
Seller's Agent
Tim Carr
Pacific Sotheby's Int'l Realty
Buyer's Agent
Timothy Tamura
VALIA Properties
List Price
$1,999,500
Sold Price
$1,810,000
Premium/Discount to List
-$189,500
-9.48%

Purchase Details

Closed on
Sep 9, 2002
Sold by
Brown Alicia W
Bought by
Brown Alicia W

Purchase Details

Closed on
Jun 6, 2002
Sold by
Alotis Wayne Troy J
Bought by
Brown Alicia W

Purchase Details

Closed on
Nov 4, 1998
Sold by
Brown Alicia W
Bought by
Alotis Wayne Troy J

Purchase Details

Closed on
Dec 20, 1995
Sold by
Brown Alicia W
Bought by
Brown Alicia W

Purchase Details

Closed on
Jan 19, 1995
Sold by
Brown Alicia W
Bought by
Brown Alicia W

Purchase Details

Closed on
Dec 30, 1993
Sold by
Brown Alicia W
Bought by
Alotis Wayne Troy J

Purchase Details

Closed on
Dec 28, 1993
Sold by
Brown Alicia W
Bought by
Brown Alicia W
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,461,500 California Title Company
Grant Deed $3,009,000 California Title Company
Quit Claim Deed -- None Available
Grant Deed $1,810,000 First American Title Co
Interfamily Deed Transfer -- --
Quit Claim Deed -- --
Gift Deed -- --
Interfamily Deed Transfer -- --
Gift Deed -- --
Gift Deed -- --
Interfamily Deed Transfer -- --
Grant Deed -- --
Grant Deed -- --
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,805,109 New Conventional
Previous Owner $1,875,000 Construction
Previous Owner $200,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2025 06/19/25 Price Changed $4,550,000 -4.2% $2,339 / Sq Ft
05/05/2025 05/05/25 Price Changed $4,750,000 -4.0% $2,442 / Sq Ft
05/02/2025 05/02/25 For Sale $4,950,000 +64.5% $2,545 / Sq Ft
07/13/2020 07/13/20 Sold $3,008,515 +3.9% $1,770 / Sq Ft
06/06/2020 06/06/20 Pending -- -- --
05/26/2020 05/26/20 For Sale $2,895,000 +59.9% $1,703 / Sq Ft
01/03/2018 01/03/18 Sold $1,810,000 -4.7% $1,495 / Sq Ft
12/03/2017 12/03/17 Pending -- -- --
10/09/2017 10/09/17 Price Changed $1,899,000 -2.6% $1,568 / Sq Ft
09/11/2017 09/11/17 Price Changed $1,949,000 -2.5% $1,609 / Sq Ft
07/30/2017 07/30/17 For Sale $1,999,500 +10.5% $1,651 / Sq Ft
07/27/2017 07/27/17 Off Market $1,810,000 -- --
06/26/2017 06/26/17 For Sale $1,999,500 -- $1,651 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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
2020 -- $2,749,864 $1,838,819 $911,045
2019 -- $1,802,764 $1,802,764 $0
2018 -- $171,215 $142,600 $28,615
2017 -- $167,858 $139,804 $28,054
2016 -- $164,567 $137,063 $27,504
2015 -- $162,096 $135,005 $27,091
2014 -- $158,921 $132,360 $26,561
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17144330

California Regional Multiple Listing Service (CRMLS)

APN: 459-222-18