NOT LISTED FOR SALE

918 E Oceanfront Newport Beach, CA 92661

Balboa Peninsula Point Neighborhood
2 Beds
2 Baths
1,352 Sq Ft
2,178 Sq Ft Lot

Last Sold April 27, 2015

Last sale price $2,000,000 $1,479 Per Sq Ft

98 Days on Market

About This Home

As of April 2015

Great opportunity to own an oceanfront duplex on the Balboa Peninsula! Build your dream home with beautiful park/sand/oceanfront views, or combine with property for sale in rear of structure and make your dream home. Combine this property with 921 E Balboa (directly behind this home) and make a single family dream home. Value is in the land, don't miss this once in a lifetime opportunity!

Last Agent to Sell the Property

Colin Delaney

Gatehouse Properties License #01391590 Listed on: 08/25/2014

Co-Listed By

Gary Rocha

Patriot Real Estate License #01946859

Last Buyer's Agent

Colin Delaney

Gatehouse Properties License #01391590 Listed on: 08/25/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 2,178 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 1,352 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 24
  • Tax Tract Number 104
  • Assessor Parcel Number 04814317

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,000
  • New Taxes Expense $32,500
  • Gross Income $3,810
  • Net Operating Income $43,720

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • Property Type: Residential Income
  • Parcel Number: 04814317
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 1479.29

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2178.00
  • Lot Size Acres: 0.0500

Multi Family

  • Gross Income: 3810.00
  • Gross Scheduled Income: 45720.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 2178.0000 Square Feet
  • Net Operating Income: 43720.00
  • Number Of Units Total: 2
  • Operating Expense: 2000.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 32500.00
  • Tax Lot: 24
  • Tax Tract Number: 104
  • Tax Year: 2013

Range of Values:

Collateral Analytics

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Average Value
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List Price
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
04/27/2015 04/27/15 Sold $2,000,000 -25.8% $1,479 / Sq Ft
12/01/2014 12/01/14 Pending -- -- --
08/25/2014 08/25/14 For Sale $2,695,000 -- $1,993 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Colin Delaney

    Seller's Agent in 2015

    Colin Delaney

    Gatehouse Properties

    (714) 743-9882

    41 Total Sales

    Colin Delaney
    Section Image
  • Gary Rocha

    Seller Co-Listing Agent in 2015

    Gary Rocha

    Patriot Real Estate

    (949) 887-8096

    45 Total Sales

    Gary Rocha
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14182728

California Regional Multiple Listing Service (CRMLS)

APN: 048-143-17

California Orange County Newport Beach 92661 Balboa Peninsula Point

918 E Oceanfront, Newport Beach, CA

This home is located at 918 E Oceanfront, Newport Beach, CA 92661 since 25 August 2014. This property was built in 1920. 918 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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