NOT LISTED FOR SALE
6 Beds
4 Baths
2,508 Sq Ft
2,805 Sq Ft Lot

Last Sold December 23, 2013

Last sale price $1,450,000 $578 Per Sq Ft

51 Days on Market

Highlights

  • Mediterranean Architecture
  • No HOA
  • Ceramic Countertops
  • Newport Elementary School Rated A
  • Built-In Features
  • Laundry Room

About This Home

As of December 2013

This duplex is a large property and located in an excellent part of Newport Beach. Just 3 houses to the best surfing in Newport. Both units have tile floors and carpeting in 3 bedrooms. Master showers are marble with plenty of storage. Hall bath is tub/shower with marble tiles. There is a fireplace in both large living rooms and a nice sunny patio downstairs to enjoy the beautiful location. The upper unit has a large open, south facing deck behind the two rear bedrooms. Wonderful for sunning and listening to the waves crash. There is also a dry sauna near the 2 car garage but it is not operable and currently used for owner storage. The laundry is in the garage for easy access by both units. In addition to the garage parking there is also 2 car tandem parking. You can also park in front of the garage and the carport. Very important when living close to the beach.

Last Agent to Sell the Property

Karly Brown

Karly Brown, Broker License #01189690 Listed on: 09/23/2013

Last Buyer's Agent

Ron Millar

Arbor Real Estate License #01191748

Arbor Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 2,805 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Mediterranean Architecture
  • Property Attached
  • Slab Foundation
  • Stucco

Interior Spaces

  • 2,508 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Living Room with Fireplace
  • Ceramic Countertops

Flooring

  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating
  • 220 Volts in Garage

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, repairs
  • Legal Lot and Block 7 / 5
  • Tax Tract Number 670
  • Assessor Parcel Number 42450401

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,300
  • Water Sewer Expense $260
  • New Taxes Expense $17,000
  • Gross Income $5,800
  • Net Operating Income $66,625

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: Appliances owned by property owner and some furniture.
  • Other Phone Description: 9497234494
  • Other Phone Number: 949-6063300
  • Price Per Unit: 747500
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: West Newport
  • Water Sewer Expenses: 260.00
  • Zoning: R2
  • Architectural Style: Mediterranean
  • Property Type: Residential Income
  • Parcel Number: 42450401
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Built-in Features, Ceramic Counters, Ceiling Fan(s)
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Stone, Tile
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 578.15

Exterior Features

  • Foundation: Slab
  • Fencing: Block
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts in Garage
  • Heating Type: Central
  • Laundry Features: In Garage
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2805.00
  • Lot Size Acres: 0.0640

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Repairs

Multi Family

  • Gross Income: 5800.00
  • Gross Scheduled Income: 69600.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 2805.0000 Square Feet
  • Net Operating Income: 66625.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 3
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 2975.00
  • Other Income Description: Summer income 13000
  • Rent Control: No
  • Total Actual Rent: 5800.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 17000.00
  • Tax Block: 5
  • Tax Lot: 7
  • Tax Tract Number: 670
  • Tax Year: 2012

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
12/23/2013 12/23/13 Sold $1,450,000 -3.0% $578 / Sq Ft
11/13/2013 11/13/13 Pending -- -- --
09/23/2013 09/23/13 For Sale $1,495,000 -- $596 / 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: NP13193547

California Regional Multiple Listing Service (CRMLS)

APN: 424-504-01