Landlord's Agent in 2019
Kimberlee Drake
Compass
(949) 500-7108
1 in this area
54 Total Sales
514 E Oceanfront Unit E and D Newport Beach, CA 92661
Balboa Peninsula Point Neighborhood
4
Beds
3
Baths
1,100
Sq Ft
5,227
Sq Ft Lot
Highlights
- Beach Front
- White Water Ocean Views
- Updated Kitchen
- Newport Elementary School Rated A
- Property has ocean access
- 3-minute walk to Balboa Peninsula Park
About This Home
As of May 2019Live on the beach enjoying the sunset every day! Breath the fresh ocean air every morning, ride your bike every day enjoying the sound of the waves. Close to the Balboa Island Ferry and Catalina passenger service. This amazing apartment features 4 Bedroom 3 Baths which could be converted into a 2 Bedroom 2 bath plus a 2 bedroom 1 bath. Plan your weekends with your family walking around the Balboa Pier! This property can be rented separately. Owner willing to divide it into two separate units. NO PETS - NO SMOKING
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1948
Lot Details
- 5,227 Sq Ft Lot
- Beach Front
- Two or More Common Walls
- No Landscaping
- Corner Lot
- Paved or Partially Paved Lot
Property Views
- White Water Ocean
- Panoramic
Home Design
- Apartment
- Fire Rated Drywall
Interior Spaces
- 1,100 Sq Ft Home
- 1-Story Property
- Crown Molding
- Recessed Lighting
- Fireplace
- Window Screens
- Tile Flooring
Kitchen
- Updated Kitchen
- Gas Cooktop
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- All Upper Level Bedrooms
- Remodeled Bathroom
- 3 Full Bathrooms
- Stone Bathroom Countertops
- Separate Shower
Laundry
- Laundry Room
- Laundry on upper level
- Laundry Located Outside
Outdoor Features
- Property has ocean access
- Open Patio
- Exterior Lighting
Location
- Suburban Location
Utilities
- Vented Exhaust Fan
- Natural Gas Not Available
Listing and Financial Details
- Security Deposit $3,550
- Rent includes trash collection
- 12-Month Minimum Lease Term
- Available 5/18/19
- Tax Lot 15
- Tax Tract Number 104
- Assessor Parcel Number 04812208
Community Details
Overview
- No Home Owners Association
- 5 Units
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 |
|---|---|---|---|---|
| 05/14/2019 05/14/19 | Rented | $3,550 | 0.0% | -- |
| 04/25/2019 04/25/19 | Price Changed | $3,550 | +9.2% | $3 / Sq Ft |
| 04/19/2019 04/19/19 | For Rent | $3,250 | +8.3% | -- |
| 11/03/2017 11/03/17 | Rented | $3,000 | -16.7% | -- |
| 09/08/2017 09/08/17 | Price Changed | $3,600 | -1.4% | $3 / Sq Ft |
| 08/10/2017 08/10/17 | Price Changed | $3,650 | +4.3% | $3 / Sq Ft |
| 07/15/2017 07/15/17 | For Rent | $3,500 | 0.0% | -- |
| 07/15/2017 07/15/17 | Off Market | $3,500 | -- | -- |
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
-
G
Seller Co-Listing Agent in 2017
Gloria Casillas
Pacific One Real Estate
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP19084620
APN: 048-122-08
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.
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
Nearby Homes
- 613 E Balboa Blvd Unit A
- 417 E Bay Ave
- 315 E Bay Ave
- 916 E Oceanfront
- 310 Fernando St Unit 303
- 200 E Balboa Blvd
- 126 E Balboa Blvd
- 122 E Bay Ave
- 506 W Oceanfront Unit 2
- 506 W Oceanfront
- 126 Collins Ave
- 1204 E Balboa Blvd
- 212 Opal Ave
- 126 Ruby Ave
- 115 N Bay Front
- 201 Diamond Ave
- 126 Sapphire Ave
- 706 W Oceanfront
- 115 Apolena Ave
- 8 Beacon Bay
- 514 E Oceanfront
- 514 Unit C E Oceanfront #C
- 514 E Oceanfront #C
- 107 Palm St
- 107 Palm St Unit 107
- 510 E Oceanfront
- 508 E Oceanfront Unit A
- 508 E Oceanfront
- 506 E Oceanfront
- 111 Palm St
- 504 E Oceanfront
- 511 E Balboa Blvd Unit C
- 511 E Balboa Blvd Unit B
- 601 E Balboa Blvd
- 601 E Balboa Blvd Unit B
- 601 E Balboa Blvd Unit A, B
- 601 E Balboa Blvd Unit C
- 507 E Balboa Blvd
- 507 E Balboa Blvd Unit a
- 505 E Balboa Blvd