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111 Via Florence, Newport Beach, CA 92663
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111 Via Florence Newport Beach, CA 92663

$2,962,500 Sold Price as of 04/23/2021
  • 6 Beds
  • 5 Baths
  • 3,520 Sq.Ft.
Sold
$2,962,500 Sold Price as of 04/23/2021 Refinance Your Mortgage
Map preview of 111 Via Florence, Newport Beach, CA 92663

Property Overview: 111 Via Florence Newport Beach, CA has 6 bedrooms, 5 bathrooms, 3,520 living square feet and 4,273 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: BACK ON MARKET - $325,000 Price Reduction. Lido Isle 5 is offered through probate, however no court confirmation is required. The listing Brokers are in direct communication with the trustee overseeing the sale. Beneficiaries are motivated to sell. The building, like may on the Isle, has a very private large courtyard for residents use. Residents have creatively decorated under the upstairs overhang to create quaint outdoor sitting spaces. The property has a Mediterranean-style tile pitched roof and (5) enclosed garages; there are three hot water heaters. The property features (4) large one-bedroom, one-bath residences and (1) two-bedroom, one-bath unit which is upstairs and has a fireplace and separate dinning room. All unit interiors are very spacious and charming. There are vinyl windows throughout the building and each unit has panel ray heat. There is some level of interior upgrades including scrapped ceilings, crown molding, and newer kitchen granite counter top and cabinets. Some unit interiors feature marble tile entry, kitchen and bath flooring. The property and grounds are exceptionally clean and a pride of residency is evident by tenants as well. The building is mastered metered for utilities accentuating that rental rates are extremely low. Ownership has resided in Northern California, and there is a 3rd party management company overseeing the building. As a result, rents are significantly under market. Email the Listing Broker for a Marketing Brochure.

Listed by Steven Brombal | BRE #00972129 | Kidder Mathews of California, Inc
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 81

Home details

Lot Sq. Ft
4,273
HOA Dues
$128/mo
Year built
1948
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC20251545
City
Newport Beach
County
Orange
Time on Site
1197 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,895
  • Total Rent: $1,895
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,480
  • Total Rent: $2,480
  • Pro Forma/Market Rent: $3,350
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $120,840
  • Net Operating Income: $60,678
  • Gross Operating Income: $116,006
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $55,329
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $37,847
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 111 Via Florence

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Carpet, Tile
Kitchen Information
  • Has Appliances
  • Gas Oven, Gas Range, Gas Water Heater
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Has Fence
  • Block
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Garage Faces Rear, Garage - Single Door, Garage - Two Door
Lot Information
  • Lot Features: Landscaped
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 42316303
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Fee: $1,532 (Annually)
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Lido Island (LIDO)
  • Directions: Via Lido Soud & Via Florence
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Fishing, Watersports, Sidewalks, Street Lights
View more facts & features

Local Newport Beach Agent

Sale History for 111 Via Florence

Last sold for $2,962,500 on April 23rd, 2021

  • April, 2021

  • Apr 25, 2021

    Date

    Sold

    CRMLS: OC20251545

    $2,962,500

    Price

  • Mar 18, 2021

    Date

    Pending

    CRMLS: OC20251545

    $3,275,000

    Price

  • Feb 26, 2021

    Date

    Active Under Contract

    CRMLS: OC20251545

    $3,275,000

    Price

  • Jan 20, 2021

    Date

    Price Change

    CRMLS: OC20251545

    $3,275,000

    Price

  • Jan 20, 2021

    Date

    Active

    CRMLS: OC20251545

    $3,600,000

    Price

  • Dec 20, 2020

    Date

    Active Under Contract

    CRMLS: OC20251545

    $3,600,000

    Price

  • Dec 4, 2020

    Date

    Active

    CRMLS: OC20251545

    $3,600,000

    Price

  • April, 2016

  • Apr 7, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 1999

  • Oct 25, 1999

    Date

    Sold (Public Records)

    Public Records

    $880,000

    Price

Show More

Tax History for 111 Via Florence

Assessed Value (2020): $2,016,818
Year Land Value Improved Value Assessed Value
2020 $1,875,641 $141,177 $2,016,818

Home Value Compared to the Market

This property vs the competition

111 Via Florence sold on April 23, 2021 for 11.49% lower than the current median sold price for the city of Newport Beach which is $3,700,000. The median sold price per/sqft for Newport Beach is $1,360 and this home is sold at $930.4 per/sqft which puts the price per square foot 31.59% lower than the current median sale per square foot for the city of Newport Beach.

About 111 Via Florence

Detailed summary of property

111 Via Florence is a multi family that recently sold in Newport Beach, CA 92663. This multi family property offered 6 bedrooms, 5 bathrooms, roughly 3,520 living square feet, and sits on an approximately 4,273 square foot lot. 111 Via Florence was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $2,962,500. Home in Newport Beach are selling for a median price of $3,700,000 and a median price per square foot of $1,360. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is sold 11.49% lower than the current median priced home. Local homes that are currently for sale include 353 Hamilton St, 205 Huntington St and 206 Chicago Ave. This home does have a Homeowners Association and the monthly fee is $128 per month. While the average home in Newport Beach, CA is selling in 74 days, 111 Via Florence has a days on market of 81 days. There are currently 269 homes for sale in the Newport Beach real estate market and 201 of them are single family homes while 55 of them are condos and 13 are townhomes. For more information on this home for sale at 111 Via Florence Newport Beach, CA 92663 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 111 Via Florence

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
4,273
Stories
--
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
979
APN
423-163-03

The source for these homes facts are from public records.

92663 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$4,299,000
Median List Price/Sq.Ft.
$1,509
Median Sold Price
$3,700,000
Median Sold Price/Sq.Ft.
$1,494
Total Inventory
86
Median Sale to List Price %
105.87%
Avg Days on Market
21
Loan Type
Conventional (17.65%), FHA (0%), VA (0%), Cash (47.06%), Other (35.29%)

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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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