Paul Daftarian
Luxe Real Estate
(657) 385-8384
247 Total Sales
2 in Balboa Peninsula Point
$11.4M - $27M Price Range
906 E Oceanfront Newport Beach, CA 92661
Balboa Peninsula Point Neighborhood
8
Beds
6
Baths
3,255
Sq Ft
3,920
Sq Ft Lot
Highlights
- Beach Front
- Ocean View
- 3 Car Garage
- Newport Elementary School Rated A
- No HOA
- 1-minute walk to Balboa Peninsula Park
About This Home
As of July 2019This way to the beach...906 E. Oceanfront is one of the few legal triplexes on the Peninsula and is conveniently located on the boardwalk across from Balboa Peninsula Park and the nearby Balboa Pier. This clean, upgraded and remodeled building includes a great unit mix of two large 3 bedroom/2 bath units and one 2 bedroom/2 bath unit. Two units have direct ocean, beach, sunset, pier and boardwalk views. The lot is an oversized 3,920 sqft (per assessor) that can offer exciting future redevelopment opportunities, buyer to verify options with the city.
For the first time in the building’s history, it was effectively run as a licensed short term rental and generated nearly $200,000 in income for the year. The conservative annual pro forma income is $225,000+. Over $50,000 is already booked for the summer 2019 season. Now that this asset is stabilized and income is growing, it’s perfect for the investor looking to simply cash checks and maybe occasionally visit and stay in a premier oceanfront location.
The building also features a shared interior courtyard plus a front patio abutting the boardwalk. The alleyway provides access to a huge 3 car garage with laundry area and ample storage space. All units are separately metered for gas and electric. All furniture and household goods are included in the sale.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices California Properties License #01804983 Listed on: 02/07/2019
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
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1971 | Remodeled
Lot Details
- 3,920 Sq Ft Lot
- Beach Front
- Two or More Common Walls
- No Landscaping
Parking
- 3 Car Garage
- Parking Available
Property Views
- Ocean
- Coastline
- Catalina
- Panoramic
- Park or Greenbelt
Home Design
- Property Attached
Interior Spaces
- 3,255 Sq Ft Home
- 2-Story Property
- Laundry in Garage
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Bathrooms
Listing and Financial Details
- Tax Lot 18
- Tax Tract Number 104
- Assessor Parcel Number 04814332
Community Details
Overview
- No Home Owners Association
- 3 Units
Amenities
- Laundry Facilities
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Cable TV Expense $4,176
- Electric Expense $2,400
- Fuel Expense $1,500
- Insurance Expense $1,734
- Maintenance Expense $11,334
- Professional Management Expense $20,479
- Water Sewer Expense $554
- New Taxes Expense $47,277
- Operating Expense $89,954
- Gross Income $192,357
- Net Operating Income $102,403
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Balboa Peninsula Point, CA
-
Paul Daftarian
-
Keegan Budden
Keegan Budden
Douglas Elliman of California Inc.
(949) 763-5747
15 Total Sales
2 in Balboa Peninsula Point
$6.9M - $8.7M Price Range
-
Justine Howard
Justine Howard
Coldwell Banker Realty
(949) 822-9869
14 Total Sales
1 in Balboa Peninsula Point
$3,850,000 Price
-
Christine Morgan
Christine Morgan
Responds QuicklyMarterra Real Estate
(657) 279-5220
140 Total Sales
1 in Balboa Peninsula Point
$6,600,000 Price
-
Cora Berkery
Cora Berkery
Responds QuicklyColdwell Banker Realty
(949) 220-0989
55 Total Sales
1 in Balboa Peninsula Point
$6,550,000 Price
-
Westley Williams
Westley Williams
Responds QuicklyHarcourts Prime Properties
(949) 541-2816
184 Total Sales
1 in Balboa Peninsula Point
$4,200,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Available | ||
| Stoddard Hesperia Llc | $4,350,000 | First American Title Company | |
| Messina Matthew | -- | Chicago Title Co | |
| Bacchus Riad | -- | Chicago Title Co | |
| Louis Nicholas | -- | Chicago Title Co | |
| Messina Matthew | $3,500,000 | Chicago Title Co | |
| Altamirano Jose E | -- | None Available | |
| Altamirano Jose Enrique | -- | None Available | |
| Altamirano Jose | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,685,000 | ||
| Closed | Stoodard Newport Llc | $1,700,000 | |
| Previous Owner | Stoddard Hesperia Llc | $2,500,000 | |
| Previous Owner | Messina Matthew | $2,450,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/02/2019 07/02/19 | Sold | $4,350,000 | -3.3% | $1,336 / Sq Ft | |
| 02/07/2019 02/07/19 | For Sale | $4,499,000 | +28.5% | $1,382 / Sq Ft | |
| 03/15/2018 03/15/18 | Sold | $3,500,000 | -1.4% | $1,075 / Sq Ft | View Prior Sale |
| 01/18/2018 01/18/18 | Pending | -- | -- | -- | |
| 01/15/2018 01/15/18 | Price Changed | $3,550,000 | -6.6% | $1,091 / Sq Ft | |
| 11/27/2017 11/27/17 | Price Changed | $3,800,000 | -3.8% | $1,167 / Sq Ft | |
| 10/11/2017 10/11/17 | Price Changed | $3,950,000 | -2.5% | $1,214 / Sq Ft | |
| 08/18/2017 08/18/17 | Price Changed | $4,050,000 | -3.6% | $1,244 / Sq Ft | |
| 06/07/2017 06/07/17 | For Sale | $4,200,000 | -- | $1,290 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $50,172 | $4,802,750 | $4,526,730 | $276,020 |
| 2025 | $49,384 | $4,708,579 | $4,437,971 | $270,608 |
| 2024 | $49,384 | $4,616,254 | $4,350,952 | $265,302 |
| 2023 | $48,227 | $4,525,740 | $4,265,640 | $260,100 |
| 2022 | $47,427 | $4,437,000 | $4,182,000 | $255,000 |
| 2021 | $46,518 | $4,350,000 | $4,100,000 | $250,000 |
| 2020 | $46,541 | $4,350,000 | $4,194,308 | $155,692 |
| 2019 | $38,274 | $3,570,000 | $3,412,826 | $157,174 |
| 2018 | $23,462 | $2,162,891 | $1,991,411 | $171,480 |
| 2017 | $14,609 | $1,318,848 | $1,142,917 | $175,931 |
| 2016 | $14,286 | $1,292,989 | $1,120,507 | $172,482 |
| 2015 | $14,149 | $1,273,568 | $1,103,676 | $169,892 |
| 2014 | $13,817 | $1,248,621 | $1,082,056 | $166,565 |
Source: Public Records
Agents Affiliated with this Home
-
Christian Walsh
Seller's Agent in 2019
Christian Walsh
Berkshire Hathaway HomeServices California Properties
(949) 677-3466
68 Total Sales
-
Dominic Tucci
Buyer's Agent in 2019
Dominic Tucci
Pacific Sothebys
(949) 632-2269
1 in this area
29 Total Sales
-
Travis White
Seller's Agent in 2018
Travis White
Real Broker
(949) 940-5865
6 Total Sales
-
Nick Louis
Buyer's Agent in 2018
Nick Louis
NAL Financial Inc.
(949) 645-6253
4 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19029273
APN: 048-143-32
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
- 920 E Oceanfront
- 700 E Oceanfront
- 928 E Balboa Blvd
- 600 E Oceanfront
- 419 E Balboa Blvd
- 428 E Bay Ave
- 1114 E Balboa Blvd
- 1123 E Balboa Blvd
- 211 Cypress St
- 409 E Edgewater Ave
- 1201 E Balboa Blvd
- 923 E Balboa Blvd
- 119 Opal Ave
- 211 E Bay Ave
- 122 Agate Ave
- 306 Alvarado Place
- 1303 E Balboa Blvd
- 300 S Bay Front
- 126 E Balboa Blvd
- 210 Opal Ave
- 814 E Oceanfront
- 812 E Oceanfront
- 107 A St
- 810 E Oceanfront
- 900 E Oceanfront
- 900 E Oceanfront Unit A B E
- 900 E Oceanfront Unit B & E
- 900 E Oceanfront Unit D
- 900 E Oceanfront Unit A
- 900 E Oceanfront Unit C & F
- 806 E Oceanfront Unit A
- 806 E Oceanfront Unit B
- 806 E Oceanfront
- 901 E Balboa Blvd
- 905 E Balboa Blvd Unit B
- 905 E Balboa Blvd
- 815 E Balboa Blvd
- 813 E Balboa Blvd
- 908 E Oceanfront
- 907 E Balboa Blvd Unit B
Your Personal Tour Guide
Ask me questions while you tour the home.