Landlord's Agent in 2020
Kimberlee Drake
Compass
(949) 500-7108
1 in this area
56 Total Sales
514 E Oceanfront #C Newport Beach, CA 92661
Balboa Peninsula Point Neighborhood
2
Beds
2
Baths
800
Sq Ft
5,227
Sq Ft Lot
Highlights
- Beach Front
- Ocean View
- Custom Home
- Newport Elementary School Rated A
- No Units Above
- 3-minute walk to Balboa Peninsula Park
About This Home
As of June 2020Location, Location, Location! Beach Living with ocean views all just steps away from the sand at a bargain price in Newport Beach! Enjoy the fresh OCEAN BREEZE from this Upstairs 2 Bedroom 2 Bath SINGLE Level OCEAN VIEW Unit. Upgraded Travertine Stone flooring through out with nicely remodeled bathrooms. While the Kitchen is Small, you'll find it highly functional for minimal needs and features a nice beach view from the window. Enjoy views of the beach from living room or go outside where you're located in the highly walkable Balboa pier location with entertainment, nightlife, restaurants, dining and food options of many types and more all just a short walk away.. The Master Bedroom features its own private entrance! On site Coin Laundry just across the communal lounge area. Theres a Large shared Courtyard with BBQ, Tables and Chairs and out door shower. No Parking Included.. but can easily access the Newport Beach parking areas by purchasing a pass or just use street parking just a short walk away... Can't beat the location!! - Near the Balboa Pier and the Balboa Ferry! ** Yearly Lease - NO PETS - NO SMOKING **
Co-Listed By
Brendon Krainer
Compass
Last Renter's Agent
Brendon Krainer
Compass
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $78,670
Year Built
- Built in 1948
Lot Details
- 5,227 Sq Ft Lot
- Beach Front
- No Units Above
- No Units Located Below
- 1 Common Wall
- Density is 2-5 Units/Acre
Property Views
- Ocean
- Views of a pier
Home Design
- Custom Home
- Apartment
Interior Spaces
- 800 Sq Ft Home
- 1-Story Property
- Fireplace
- Living Room
- Stone Flooring
- Laundry Room
Kitchen
- Galley Kitchen
- Gas Range
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- Upgraded Bathroom
- 2 Full Bathrooms
- Stone Bathroom Countertops
- Walk-in Shower
Outdoor Features
- Deck
- Open Patio
- Outdoor Fireplace
- Terrace
- Exterior Lighting
- Rain Gutters
Schools
- Newport Harbor High School
Utilities
- Wall Furnace
- Cable TV Available
Additional Features
- No Interior Steps
- Urban Location
Listing and Financial Details
- Security Deposit $2,700
- Rent includes trash collection
- 12-Month Minimum Lease Term
- Available 5/20/20
- Legal Lot and Block 15 / 6
- Tax Tract Number 7001
- Assessor Parcel Number 04812208
Community Details
Overview
- No Home Owners Association
Amenities
- Community Barbecue Grill
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 30, 2007
Sold by
Parashis Harry G
Bought by
Scap Iii Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,100,000
Outstanding Balance
$2,501,967
Interest Rate
6.14%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 7, 2004
Sold by
Parashis Letitia R
Bought by
Parashis Harry G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,587,500
Interest Rate
6.17%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 26, 2002
Sold by
Rendezvous Inn Llc
Bought by
Parashis Harry G
Purchase Details
Closed on
Jul 24, 2001
Sold by
Young West Cynthia
Bought by
Rendezvous Inn Llc
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Scap Iii Llc | -- | Ticor Title | |
| Parashis Harry G | -- | Chicago Title Co | |
| Parashis Harry G | $616,000 | Chicago Title Co | |
| Rendezvous Inn Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Scap Iii Llc | $4,100,000 | |
| Previous Owner | Parashis Harry G | $2,587,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/28/2020 06/28/20 | Rented | $2,700 | 0.0% | -- |
| 05/04/2020 05/04/20 | For Rent | $2,700 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $78,670 | $6,528,000 | $6,018,000 | $510,000 |
| 2024 | $78,670 | $7,201,406 | $6,692,394 | $509,012 |
| 2023 | $50,138 | $4,516,147 | $4,017,115 | $499,032 |
| 2022 | $49,278 | $4,427,596 | $3,938,348 | $489,248 |
| 2021 | $48,349 | $4,340,781 | $3,861,126 | $479,655 |
| 2020 | $47,881 | $4,296,272 | $3,821,535 | $474,737 |
| 2019 | $46,930 | $4,212,032 | $3,746,603 | $465,429 |
| 2018 | $47,955 | $4,129,444 | $3,673,141 | $456,303 |
| 2017 | $47,500 | $4,048,475 | $3,601,119 | $447,356 |
| 2016 | $46,440 | $3,969,094 | $3,530,509 | $438,585 |
| 2015 | $46,140 | $3,909,475 | $3,474,495 | $434,980 |
| 2014 | $45,019 | $3,832,894 | $3,406,434 | $426,460 |
Source: Public Records
Agents Affiliated with this Home
-
Kimberlee Drake
-
B
Landlord's Co-Listing Agent in 2020
Brendon Krainer
Compass
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP20084839
APN: 048-122-08
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