$1,025,000
SOLD MAR 1, 2012

5115 River Ave Newport Beach, CA 92663

West Newport Beach Neighborhood
-- Bed
-- Bath
2,095 Sq Ft
2,764 Sq Ft Lot

Recently Sold

$489 Per Sq Ft

13% Below List Price

152 Days on Market

Highlights

  • Property has ocean access
  • Contemporary Architecture
  • Granite Countertops
  • Newport Elementary School Rated A
  • Wood Flooring
  • Forced Air Heating System

About This Home

As of March 2012

DECEMBER PRICE REDUCTION! 12/9/2011!!!!! ******Duplex just three doors from the ocean!! Townhome style units, complete renovation in the last few years. Each unit is two story, two bedrooms and one bath. The remodel included new windows and sliding glass doors. Living area is hard wood flooring, recessed lighting and ceiling fans throughout.In addition, new kitchens with granite counter tops, stainless appliances, new cabinetry & travertine flooring. The baths were redone with new cabinets, granite counters, travertine shower and flooring. Each has its own patio, private garage w/one space behind, and access to common laundry room. Great location, River ave has been improved, makes this an excellent second home or beach rental.

Last Agent to Sell the Property

Tracy Seeber

Balboa Realty License #00954837 Listed on: 09/01/2011

Last Buyer's Agent

Michael Franco

Douglas Elliman of California Inc. License #01421021

Douglas Elliman of California Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958 | Remodeled

Parking

  • 1 Car Garage
  • 2 Carport Spaces
  • Single Garage Door

Home Design

  • 2,095 Sq Ft Home
  • Contemporary Architecture
  • Shingle Roof
  • Composition Roof

Flooring

  • Wood
  • Carpet

Outdoor Features

  • Property has ocean access
  • Beach Access

Utilities

  • Forced Air Heating System
  • Sewer Paid

Additional Features

  • Granite Countertops
  • 2,764 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 9 / 51
  • Tax Tract Number 670
  • Assessor Parcel Number 42450403

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • Gross Income $4,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1958 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • View: No
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 42450403
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 489.26

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 1.00
  • Parking: No
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: No
  • Heating Type: Forced Air
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 2764.00
  • Lot Size Acres: 0.0630

Multi Family

  • Gross Income: 4600.00
  • Gross Multiplier: 18.98
  • Gross Scheduled Income: 54000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 2764.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Waterfront Features: Beach Access, Ocean Access

Tax Info

  • Tax Area: 07001
  • Tax Block: 51
  • Tax Lot: 9
  • Tax Tract Number: 670

Range of Values:

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Sold Price
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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
03/01/2020 03/01/20 Rented $3,200 0.0% --
02/22/2020 02/22/20 For Rent $3,200 0.0% --
03/01/2012 03/01/12 Sold $1,025,000 -12.8% $489 / Sq Ft
01/31/2012 01/31/12 Pending -- -- --
09/01/2011 09/01/11 For Sale $1,175,000 -- $561 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Tracy Seeber

    Balboa Realty

    (949) 378-8999

    5 in this area

    39 Total Sales

    Section Image
  • Michael Franco

    Buyer's Agent in 2012

    Michael Franco

    Douglas Elliman of California Inc.

    (949) 200-2383

    24 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U11003865

California Regional Multiple Listing Service (CRMLS)

APN: 424-504-03

California Orange County Newport Beach 92663 West Newport Beach

5115 River Ave, Newport Beach, CA

This home is located at 5115 River Ave, Newport Beach, CA 92663 and is currently priced at $1,025,000, approximately $489 per square foot. This property was built in 1958. 5115 River Ave is a home located in Orange County with nearby schools including Newport Elementary School, Horace Ensign Intermediate School, and Newport Harbor High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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