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110 E Bay Ave, Newport Beach, CA 92661
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110 E Bay Ave Newport Beach, CA 92661

$2,350,000 Sold Price as of 03/02/2022
  • 3 Beds
  • 2.5 Baths
  • 1,710 Sq.Ft.
Sold
$2,350,000 Sold Price as of 03/02/2022 Refinance Your Mortgage
Map preview of 110 E Bay Ave, Newport Beach, CA 92661

Property Overview: 110 E Bay Ave Newport Beach, CA has 3 bedrooms, 2.5 bathrooms, 1,710 living square feet and 1,799 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Located in one of the most desirable destinations in Newport Beach, only steps from the beach and bay, 110 E Bay Ave. is your opportunity to own an original cottage/duplex on the Balboa Peninsula. Owned by the same family for over 60 yrs. this property allows you to reap the benefits of instant and reliable income while enjoying the beach lifestyle for yourself if you so choose. The front unit embodies (1) two-bedroom, one-bathroom, country style kitchen with private laundry, a bright sunny living room with a patio terrace and pleasing views of the quaint tree lined street. The upper/rear unit offers elevated views of the street, 2 bedrooms-2 baths recently upgraded, private laundry and a living room with its own cozy fireplace. Its perfect for an owner / resident to live in while enjoying the income of the front unit. And end-user, spec builder, or investor may want to tear down this prime corner lot location and build a SFD with an ADU attached. You could pull a beautiful bay view from a roof top deck , while soaking in a hot tub or sitting by a fire pit, the possibilities are endless to make summer generational memories. Walking distance to the beach, bay, restaurants, boutiques, and world famous Wedge surf spot, this property offers the quintessential Newport lifestyle. The Balboa Peninsula is famous for its iconic festivities, including the Christmas Boat Parade, 4th of July parade and fireworks. Close to the new Marine Park, jump on the ferry to Balboa Island to stroll, shop, or grab a leisure bite at one of their several cafe’s or get a world famous BALBOA BAR. This is a rare chance to place your stake amongst some of the most prized and sought-after real estate in the world.

Listed by Lisa Helou | BRE #00624164 | The Oppenheim Group
Co-listed by Giovanne Helou | BRE #02068352 | The Oppenheim Group
Last checked: 15 minutes ago | Last updated: March 30th, 2022 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
1,799
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
OC21268035
City
Newport Beach
County
Orange
Time on Site
861 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $73,200
  • Net Operating Income: $64,700
  • Gross Operating Income: --
  • # of Rented Garages: 0
Annual Expense Breakdown
  • Total Operating Expense: $8,500
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $50
  • Insurance: $350
  • Water/Sewer: $100

Property Details for 110 E Bay Ave

Interior Features
Laundry Information
  • Has Laundry
  • In Closet
Interior Features
  • Levels: One, Two
  • Window Features: Casement Windows, Wood Frames
Exterior Features
Exterior Information
  • Roof: Composition
  • Awning(s)
  • Other Structures: Guest House Detached
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Corner Lot, Level, Paved
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 04806216
  • Year Built Source: Appraiser
  • Foundation Details: Raised
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: On the corner of Anade and E Bay
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
Neighborhood Information
  • Community Features: Biking, Sidewalks
View more facts & features

Local Newport Beach Agent

Sale History for 110 E Bay Ave

Last sold for $2,350,000 on March 2nd, 2022

  • January, 2022

  • Jan 6, 2022

    Date

    Active Under Contract

    CRMLS: OC21267869

    $2,350,000

    Price

  • Jan 6, 2022

    Date

    Active

    CRMLS: OC21267869

    $2,350,000

    Price

  • Dec 22, 2021

    Date

    Active

    CRMLS: OC21267869

    $2,350,000

    Price

  • Listing provided courtesy of CRMLS

    Located in one of the most desirable destinations in Newport Beach, only steps from the beach and bay, 110 E Bay Ave. is your opportunity to own an original cottage/duplex on the Balboa Peninsula. Owned by the same family for over 60 yrs. this historic property allows you to reap the benefits of instant and reliable income while enjoying the beach lifestyle for yourself if you so choose. The front unit embodies (1) two-bedroom, one-bathroom, country style kitchen with private laundry, a bright sunny living room with a patio terrace and pleasing views of the quaint tree lined street. The upper/rear unit offers elevated views of the street, 2 bedrooms-2 baths recently upgraded, private laundry and a living room with its own cozy fireplace and wainscoting walls. Its perfect for an owner / resident to live in while enjoying the income of the front unit. And end-user, spec builder, or investor may want to tear down this prime corner lot and make your new-construction dreams come true in a fabulous location or keep the historic charm for another generation to enjoy. You can build a SFD with an ADU attached, pulling a beautiful bay view from a roof top deck , while soaking in a hot tub or sitting by a fire pit, the possibilities are endless to make generational memories. Walking distance to the beach, bay, restaurants, boutiques, and world famous Wedge surf spot, this property offers the quintessential Newport lifestyle. The Balboa Peninsula is famous for its iconic festivities, including the Christmas Boat Parade, 4th of July parade and fireworks. Close to the new Marina Park, jump on the ferry to Balboa Island to stroll, shop, or grab a leisure bite at one of their several cafe’s or get a world famous BALBOA BAR. This is a rare chance to place your stake amongst some of the most prized and sought-after real estate in the world.

  • January, 2022

  • Jan 3, 2022

    Date

    Active Under Contract

    CRMLS: OC21268035

    $2,350,000

    Price

  • Dec 23, 2021

    Date

    Active

    CRMLS: OC21268035

    $2,350,000

    Price

Show More

Tax History for 110 E Bay Ave

Assessed Value (2020): $350,029
Year Land Value Improved Value Assessed Value
2020 $306,115 $43,914 $350,029

Home Value Compared to the Market

This property vs the competition

110 E Bay Ave sold on March 2, 2022 for 10.51% lower than the current median sold price for the city of Newport Beach which is $2,626,000. The median sold price per/sqft for Newport Beach is $1,073 and this home is sold at $1374.27 per/sqft which puts the price per square foot 28.08% higher than the current median sale per square foot for the city of Newport Beach.

About 110 E Bay Ave

Detailed summary of property

110 E Bay Ave is a multi family that recently sold in Newport Beach, CA 92661. This multi family property offered 3 bedrooms, 2.5 bathrooms, roughly 1,710 living square feet, and sits on an approximately 1,799 square foot lot. 110 E Bay Ave was first listed on ArdentRealEstateGroup.com on December 23, 2021. The homeowner sold the property for $2,350,000. Home in Newport Beach are selling for a median price of $2,626,000 and a median price per square foot of $1,073. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is sold 10.51% lower than the current median priced home. Local homes that are currently for sale include 353 Hamilton St, 150 Cecil Pl and 186 Del Mar Ave. While the average home in Newport Beach, CA is selling in 72 days, 110 E Bay Ave has a days on market of 10 days. There are currently 266 homes for sale in the Newport Beach real estate market and 196 of them are single family homes while 56 of them are condos and 14 are townhomes. For more information on this home for sale at 110 E Bay Ave Newport Beach, CA 92661 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 110 E Bay Ave

Public county record property details
Beds
2
Baths
1
Year built
1929
Sq. Ft.
1,134
Lot Size
2,137
Stories
2
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
52
APN
048-062-16

The source for these homes facts are from public records.

92661 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$6,595,000
Median List Price/Sq.Ft.
$2,183
Median Sold Price
$11,100,000
Median Sold Price/Sq.Ft.
$2,775
Total Inventory
44
Median Sale to List Price %
94.11%
Avg Days on Market
174
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (33.33%), Other (33.33%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 110 E Bay Ave

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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