NOT LISTED FOR SALE
3 Beds
4 Baths
1,937 Sq Ft
3,800 Sq Ft Lot

Last Sold December 27, 2013

Last sale price $2,454,000 $1,267 Per Sq Ft

176 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • No HOA
  • Newport Elementary School Rated A
  • Property has ocean access
  • 1-minute walk to Balboa Peninsula Park

About This Home

As of December 2013

Location, Location, Location!! Incredible ocean views, walk to restaurants, shops and ferry. This oceanfront triplex is exactly what you would want your beach house to be. The building features 3 units. 1 studio in the back downstairs, a 1 bedroom downstairs front unit with an over size patio and a 2 bedroom 2 bath with a huge patio, and amazing views upstairs. All units have been updated. These units are always rented. Most recently yearly but have been rented in the past weekly and as a winter rental. Great potential to rebuild your oceanfront home, or continue to use as an income property. Please do not disturb tenants.

Last Agent to Sell the Property

Mary Campbell

Douglas Elliman Of California License #01706600 Listed on: 04/09/2013

Last Buyer's Agent

Ronald Remeyer

Ron Remeyer, Broker License #01127891

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1935

Lot Details

  • 3,800 Sq Ft Lot
  • Beach Front
  • No Common Walls

Property Views

  • Ocean
  • Catalina

Interior Spaces

  • 1,937 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Parking

  • Parking Available
  • Metered Parking

Outdoor Features

  • Property has ocean access
  • Exterior Lighting

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 104
  • Assessor Parcel Number 04814319

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $2,500
  • Water Sewer Expense $600
  • New Taxes Expense $29,000
  • Gross Income $6,300
  • Net Operating Income $77,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Water Sewer Expenses: 600.00
  • Property Type: Residential Income
  • Parcel Number: 04814319
  • Year Built: 1935
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Levels: Two
  • Price Per Square Foot: 1266.91

Exterior Features

  • View: Catalina, Ocean, Water
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Metered

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 3800.00
  • Lot Size Acres: 0.0870

Multi Family

  • Gross Income: 6300.00
  • Gross Scheduled Income: 78600.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 3800.0000 Square Feet
  • Net Operating Income: 77600.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 1000.00
  • Rent Control: No
  • Vacancy Allowance: 1300
  • Waterfront Features: Beach Access, Beach Front, Ocean Access, Ocean Front

Tax Info

  • New Taxes Expense: 29000.00
  • Tax Lot: 22
  • Tax Tract Number: 104

Range of Values:

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Sold Price
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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
12/27/2013 12/27/13 Sold $2,454,000 +175185.7% $1,267 / Sq Ft
10/02/2013 10/02/13 Pending -- -- --
10/01/2013 10/01/13 Rented $1,400 0.0% --
09/22/2013 09/22/13 Under Contract -- -- --
09/17/2013 09/17/13 For Rent $1,400 0.0% --
04/09/2013 04/09/13 For Sale $2,500,999 0.0% $1,291 / Sq Ft
01/12/2013 01/12/13 Rented -- -- --
01/12/2013 01/12/13 Under Contract -- -- --
12/11/2012 12/11/12 For Rent $1,300 -- --
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: NP13062853

California Regional Multiple Listing Service (CRMLS)

APN: 048-143-19