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112 46Th St, Newport Beach, CA 92663
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112 46Th St Newport Beach, CA 92663

$2,700,000 Sold Price as of 11/19/2020
  • 6 Beds
  • 3 Baths
  • 2,731 Sq.Ft.
Sold
$2,700,000 Sold Price as of 11/19/2020 Refinance Your Mortgage
Map preview of 112 46Th St, Newport Beach, CA 92663

Property Overview: 112 46Th St Newport Beach, CA has 6 bedrooms, 3 bathrooms, 2,731 living square feet and 3,485 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: RARE on the Market! A Multi-unit property located in a PRIME location as one of the largest zoned lots on the peninsula, only 2 houses from the beach on the 100 Block on the Balboa Peninsula of Newport Beach. Just steps to the Surf & Sand, restaurants, piers, entertainment, parks, trails and shopping. This property has been recently improved with a new composition roof, new front balcony deck, fresh exterior and interior paint, new copper plumbing throughout and many more cosmetic improvements. The upper unit features 4 bedroom/2 bathrooms with a peek a boo view of the ocean/Catalina Island from the new balcony deck. This unit also has a 2nd balcony deck off of the back bedroom. The lower unit is a 2 bedroom / 1 bathroom with an extra large patio of approximately 675 sq ft. that is great for entertaining. With the large lot, it accommodates parking for 4 cars (2 car garage, 1 carport and an extra parking spot outside the garages). This duplex is currently zoned and permitted for Short Term Rental with a successful history of 20 plus years of returning guests. This treasure generates an average of $150,000/yr gross revenue. It has many options for a new buyer to either live in one unit and rent the other; take advantage of the successful turn key Short Term Rental; or rezone as a single family home and rebuild to your liking. The opportunities are many! A MUST SEE!

Listed by Brenda Siragusa | BRE #01858513 | Treasure Property Management
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 101

Home details

Lot Sq. Ft
3,485
HOA Dues
$0/mo
Year built
1962
Garage
2 Car
Property Type:
Duplex
Status
Sold
MLS#
OC20126378
City
Newport Beach
County
Orange
Time on Site
1531 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 1
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $62,778
  • Total Rent: $62,778
  • Pro Forma/Market Rent: $78,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $85,063
  • Total Rent: $85,063
  • Pro Forma/Market Rent: $123,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.8%
  • Gross Rent Multiplier: 19
  • Gross Scheduled Income: $201,042
  • Net Operating Income: $110,917
  • Gross Operating Income: $147,842
  • # of Rented Garages: 2
Annual Expense Breakdown
  • Total Operating Expense: $36,925
  • Electric: $1,200
  • Gas/Fuel: $0
  • Licenses: $200
  • New Taxes: $29,925
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $1,620
  • Gardener: $0
  • Insurance: $1,700
  • Maintenance: $1,000
  • Workman's Comp: $0
  • Water/Sewer: $1,200

Property Details for 112 46Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Individual Room, Outside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate
  • Family Room, Kitchen, Laundry
Kitchen Information
  • Has Appliances
  • Dishwasher, Free-Standing Range, Gas Range, Gas Water Heater, Ice Maker, Microwave, Refrigerator
Interior Features
  • Copper Plumbing Full, Crown Molding, Furnished, Granite Counters, Living Room Deck Attached, Open Floorplan, Stone Counters
  • Levels: Two
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Door Features: French Doors, Mirror Closet Door(s), Panel Doors, Sliding Doors
Exterior Features
Exterior Information
  • Roof: Composition
  • Barbecue Private
  • Has Fence
  • Good Condition, Stone, Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Attached Carport, Garage Faces Rear, Garage - Two Door, Garage Door Opener
Lot Information
  • Lot Features: Park Nearby, Value In Land
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Ocean
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 42441311
  • Year Built Source: Assessor
  • Foundation Details: Slab
  • Property is not Attached
  • Accessibility Features: Parking
  • Offered With Property: All Furniture, appliances.. See Attached inventory list
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Subdivision Name: West Newport Beach (WSNB)
  • Directions: Take Balboa Blvd from PCH. Turn right at 46th. Duplex is located 2 houses from the end of the street at Seashore on the left.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Biking, Dog Park, Fishing, Hiking, Park, Watersports, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Newport Beach Agent

Sale History for 112 46Th St

Last sold for $2,700,000 on November 19th, 2020

  • November, 2020

  • Nov 20, 2020

    Date

    Canceled

    CRMLS: OC20125495

    $2,850,000

    Price

  • Nov 16, 2020

    Date

    Pending

    CRMLS: OC20125495

    $2,850,000

    Price

  • Nov 16, 2020

    Date

    Sold

    CRMLS: OC20125495

    --

    Price

  • Oct 10, 2020

    Date

    Active Under Contract

    CRMLS: OC20125495

    $2,850,000

    Price

  • Aug 25, 2020

    Date

    Active

    CRMLS: OC20125495

    $2,850,000

    Price

  • Aug 3, 2020

    Date

    Active Under Contract

    CRMLS: OC20125495

    $2,850,000

    Price

  • Jul 1, 2020

    Date

    Active

    CRMLS: OC20125495

    $2,850,000

    Price

  • Jul 1, 2020

    Date

    Coming Soon

    CRMLS: OC20125495

    $2,850,000

    Price

  • Listing provided courtesy of CRMLS

  • November, 2020

  • Nov 20, 2020

    Date

    Sold

    CRMLS: OC20126378

    $2,700,000

    Price

  • Nov 16, 2020

    Date

    Pending

    CRMLS: OC20126378

    $2,850,000

    Price

  • Nov 16, 2020

    Date

    Sold

    CRMLS: OC20126378

    $2,700,000

    Price

  • Oct 10, 2020

    Date

    Active Under Contract

    CRMLS: OC20126378

    $2,850,000

    Price

  • Aug 25, 2020

    Date

    Active

    CRMLS: OC20126378

    $2,850,000

    Price

  • Aug 3, 2020

    Date

    Active Under Contract

    CRMLS: OC20126378

    $2,850,000

    Price

  • Jul 1, 2020

    Date

    Active

    CRMLS: OC20126378

    $2,850,000

    Price

  • Jul 1, 2020

    Date

    Coming Soon

    CRMLS: OC20126378

    $2,850,000

    Price

  • April, 2001

  • Apr 12, 2001

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 2000

  • Feb 3, 2000

    Date

    Sold (Public Records)

    Public Records

    $550,000

    Price

Show More

Tax History for 112 46Th St

Assessed Value (2020): $754,772
Year Land Value Improved Value Assessed Value
2020 $641,556 $113,216 $754,772

Home Value Compared to the Market

This property vs the competition

112 46Th St sold on November 19, 2020 for 3.64% higher than the current median sold price for the city of Newport Beach which is $2,750,000. The median sold price per/sqft for Newport Beach is $1,406 and this home is sold at $1043.57 per/sqft which puts the price per square foot 25.78% lower than the current median sale per square foot for the city of Newport Beach.

About 112 46Th St

Detailed summary of property

112 46Th St is a duplex that recently sold in Newport Beach, CA 92663. This duplex offered 6 bedrooms, 3 bathrooms, roughly 2,731 living square feet, and sits on an approximately 3,485 square foot lot. 112 46Th St was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner sold the property for $2,700,000. Home in Newport Beach are selling for a median price of $2,750,000 and a median price per square foot of $1,406. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is sold 3.64% higher than the current median priced home. Local homes that are currently for sale include 7541 Volga Dr, 12621 Morningside Ave and 16861 Green Ln. While the average home in Newport Beach, CA is selling in 93 days, 112 46Th St has a days on market of 101 days. There are currently 272 homes for sale in the Newport Beach real estate market and 201 of them are single family homes while 56 of them are condos and 15 are townhomes. For more information on this home for sale at 112 46Th St 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 112 46Th St

Public county record property details
Beds
--
Baths
--
Year built
1963
Sq. Ft.
2,822
Lot Size
2,828
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
59
APN
424-413-11

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
$3,850,000
Median List Price/Sq.Ft.
$1,633
Median Sold Price
$2,670,000
Median Sold Price/Sq.Ft.
$1,489
Total Inventory
92
Median Sale to List Price %
92.23%
Avg Days on Market
51
Loan Type
Conventional (28%), FHA (4%), VA (0%), Cash (32%), Other (36%)

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Recently Sold Homes Near 112 46Th St

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5 Beds
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131 46th St, Newport Beach, CA 92663
$2,750,000 Last Sold Price
6 Beds
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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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