NOT LISTED FOR SALE

900 E Oceanfront Newport Beach, CA 92661

Balboa Peninsula Point Neighborhood
12 Beds
12 Baths
5,850 Sq Ft
6,534 Sq Ft Lot

Last Sold December 01, 2020

Last sale price $6,648,335 $1,136 Per Sq Ft

362 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • 0.15 Acre Lot
  • Newport Elementary School Rated A
  • Property has ocean access
  • 1-minute walk to Balboa Peninsula Park

About This Home

As of December 2020

SIX UNITS ON THE OCEANFRONT - Here is your chance to operate what could be in effect an oceanfront hotel on the Balboa Peninsula! Six 2 bedroom 2 bath units on the boardwalk, with Balboa Park, sand and ocean straight ahead, and the shopping, dining and activities of Balboa Village just a block away. Each unit has 1 car parking on the carport. Currently a mix of short term and long term rental units. Huge room for revenue improvement as well - with some cosmetic and furniture upgrades, current income could vastly increased. Inquire with agent as to pro forma options. - SIX UNITS ON THE OCEANFRONT

Last Listed By

Art White

White Sail Real Estate License #01905655 Listed on: 11/05/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 6,534 Sq Ft Lot
  • Beach Front
  • Property fronts an alley
  • Two or More Common Walls
  • Stone Wall
  • Density is 6-10 Units/Acre

Property Views

  • Ocean
  • Catalina

Home Design

  • Apartment
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 5,850 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Furnished
  • High Ceiling
  • Living Room
  • Tile Flooring

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Carport
  • Washer and Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Parking Spaces
  • 8 Attached Carport Spaces
  • Parking Available

Outdoor Features

  • Property has ocean access
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters

Location

  • Property is near a park

Utilities

  • Forced Air Heating System
  • Natural Gas Not Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 15 / 14
  • Tax Tract Number 104
  • Assessor Parcel Number 04814327

Community Details

Recreation

  • Water Sports

Building Details

  • 6 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Additional Features

  • 6 Units
  • Card or Code Access

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Security: Carbon Monoxide Detector(s), Card/Code Access, Smoke Detector(s)
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 04814327
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Furnished, Granite Counters, High Ceilings, Open Floorplan
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 1136.47
  • Room Type: Living Room, Master Bathroom, Master Bedroom

Exterior Features

  • Foundation: Slab
  • Exterior Features: Lighting, Rain Gutters
  • View: Catalina, Ocean, Water
  • Fence: Yes
  • Fencing: Stone
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 8.00
  • Parking: Yes
  • Parking Features: Attached Carport
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Not Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Dishwasher, Electric Oven, Electric Range, Electric Cooktop, Microwave, Range Hood, Refrigerator
  • Electric: Standard
  • Heating Type: Forced Air
  • Laundry Features: Electric Dryer Hookup, In Carport, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Watersports, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Park Nearby
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Average2 Bed Area: 975 Square Feet
  • Gross Scheduled Income: 244030.00
  • Lot Size Area: 6534.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Number With Dishwasher: 6
  • Number With Disposal: 6
  • Number With Drapes: 6
  • Number With Patio: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Rent Control: No
  • Total Actual Rent: 244030.00
  • Waterfront Features: Beach Access, Beach Front, Ocean Access, Ocean Front

Tax Info

  • Tax Block: 14
  • Tax Census Tract: 628.00
  • Tax Lot: 15
  • Tax Tract Number: 104

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
12/01/2020 12/01/20 Sold $6,648,335 -8.3% $1,136 / Sq Ft
06/15/2020 06/15/20 Price Changed $7,250,000 -3.3% $1,239 / Sq Ft
11/05/2019 11/05/19 For Sale $7,500,000 -- $1,282 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Art White

    White Sail Real Estate

  • P

    Seller Co-Listing Agent in 2020

    Pam White

    White Sail Realty

    (949) 673-9900

    1 in this area

    8 Total Sales

    Pam White
    Section Image

  • G

    Buyer's Agent in 2020

    George Ragheb

    George Y Ragheb, Broker

    (949) 502-7600

    1 in this area

    8 Total Sales

    George Ragheb
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP19257387

California Regional Multiple Listing Service (CRMLS)

California Orange County Newport Beach 92661 Balboa Peninsula Point

900 E Oceanfront, Newport Beach, CA

Homes for Sale in Newport Beach, CA

This home is located at 900 E Oceanfront, Newport Beach, CA 92661 since 05 November 2019. This property was built in 1971. 900 E Oceanfront 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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