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115 42Nd St, Newport Beach, CA 92663
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115 42Nd St Newport Beach, CA 92663

$2,650,000 Sold Price as of 11/13/2020
  • 6 Beds
  • 4 Baths
  • 2,604 Sq.Ft.
Sold
$2,650,000 Sold Price as of 11/13/2020 Refinance Your Mortgage
Map preview of 115 42Nd St, Newport Beach, CA 92663

Property Overview: 115 42Nd St Newport Beach, CA has 6 bedrooms, 4 bathrooms, 2,604 living square feet and 2,614 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: HEAR the WAVES! Rare Multi-unit property located in a PRIME location, for the Love of the Sand and Sea. 115 42nd is only 3 houses from the beach on the 100 Block on the Balboa Peninsula of Newport Beach. Just steps from the Surf and Sand, restaurants, piers, entertainment, parks, trails and shopping. This property has captivating Ocean Views from its upstairs balcony. This Multi-unit income property is the perfect destination for people to visit from around the world. The upstairs unit a 3 bed2 full bath has a large living room and open faced kitchen to get that afternoon ocean breeze. With it's large vaulted ceilings and bamboo flooring along with its Polynesian style decor you can't help but feel like your on the Islands. Granite counter tops, stainless steel range, and a glass bar helps you feel the luxury of what living in Newport Beach is all about. The balcony view of the ocean is relaxing and detoxifying after you have had a long day, with a peek a boo view of the ocean from the back balcony. The lower unit is a 3 bedroom 2 full bath room's with the feel that you are staying a luxury hotel. The patio is large and great for BBQ's all year round. The building had 3 enclosed garages parking spots outside washer/dryer hook-ups which are coin-op for additional income. The property has been recently improved with a nearly new composition roof, copper plumbing, the water has been separated if you would like to do a condo conversion. A MUST SEE!!

Listed by John Zarvos | BRE #00558652 | Viking Real Estate and Inv.
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 86

Home details

Lot Sq. Ft
2,614
HOA Dues
$0/mo
Year built
1963
Garage
3 Car
Property Type:
Duplex
Status
Sold
MLS#
NP20169885
City
Newport Beach
County
Orange
Time on Site
1347 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Actual Rent: $4,500
  • Total Rent: $4,500
  • Pro Forma/Market Rent: $8,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $4,500
  • Total Rent: $4,500
  • Pro Forma/Market Rent: $8,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $117,000
  • Net Operating Income: $108,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $3,700
  • Electric: $1,200
  • Gas/Fuel: $600
  • New Taxes: $0
  • Trash: $350
  • Insurance: $1,200
  • Water/Sewer: $350

Property Details for 115 42Nd St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace, Forced Air, Fireplace(s)
Laundry Information
  • Has Laundry
  • In Garage, Inside, Stackable
Fireplace Information
  • Has Fireplace
  • Gas
Room Information
  • Flooring: Bamboo, Carpet, See Remarks
  • See Remarks
Kitchen Information
  • Has Appliances
  • Disposal, Gas Oven, Gas Water Heater
Interior Features
  • Ceiling Fan(s), Copper Plumbing Full, High Ceilings
  • Levels: Two
  • Security Features: Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Block
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Garage - Single Door, Garage - Two Door
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 42302313
  • Year Built Source: Public Records
  • Architectural Style: Bungalow
  • Foundation Details: Slab
  • Property is Attached
  • Accessibility Features: See Remarks
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: W. Balboa Blvd./ 42nd st.
Neighborhood Information
  • Community Features: Dog Park, Golf, Hiking, Park, Watersports, Sidewalks, Street Lights
View more facts & features

Local Newport Beach Agent

Sale History for 115 42Nd St

Last sold for $2,650,000 on November 13th, 2020

  • November, 2020

  • Nov 15, 2020

    Date

    Sold

    CRMLS: NP20169885

    $2,650,000

    Price

  • Aug 19, 2020

    Date

    Active

    CRMLS: NP20169885

    $2,799,000

    Price

  • June, 2020

  • Jun 2, 2020

    Date

    Expired

    CRMLS: NP20048663

    $2,795,000

    Price

  • Mar 5, 2020

    Date

    Active

    CRMLS: NP20048663

    $2,795,000

    Price

  • Listing provided courtesy of CRMLS

    This beach house was constructed for the love of the sand and the sea it represents the best side of the beach goers life style. 115 42nd is just steps from the sand and has relaxing ocean views from its balcony. This residential income house is the perfect destination for people to visit from around the world. The upstairs unit a 3 bedroom 2 full bath has a large living room and open faced kitchen to get that afternoon ocean breeze. With it's large vaulted ceilings and bamboo flooring along with its Polynesian style decor you can't help but feel like your on the Islands. Granite counter tops, stainless steel range, and refrigerator and a glass bar helps you feel the luxury of what living in Newport Beach is all about. The balcony view of the ocean is relaxing and detoxifying after you have had a long day. The lower unit is a 3 bedroom 2 full bath room's with the feel that you are staying a luxury hotel. The patio is large and great for BBQ's all year round. The building had 3 enclosed garages parking spots outside washer/dryer hook-ups which are coin-op for additional income. All the units are on yearly leases, and all tenants pay for there own utilities.

  • December, 2019

  • Dec 1, 2019

    Date

    Expired

    CRMLS: NP19204161

    $2,900,000

    Price

  • Aug 26, 2019

    Date

    Active

    CRMLS: NP19204161

    $2,900,000

    Price

  • Listing provided courtesy of CRMLS

    This beach house was constructed from the love of the sand and the sea and represents the best side of the beach goers life style. 115 42nd is just steps from the sand and has relaxing ocean views from its balcony. This residential income house is the perfect destination for people to visit from around the world. The upstairs unit a 3 bedroom 2 full bath has a large living room and open faced kitchen to get that afternoon ocean breeze. With it's large vaulted ceilings and bamboo flooring along with its Polynesian style decor you can't help but feel like your on the Islands. Granite counter tops, stainless steel range, and refrigerator and a glass bar helps you feel the luxury of what living in Newport Beach is all about. The balcony view of the ocean is relaxing and detoxifying after you have had a long day. The lower unit is a 3 bedroom 2 full bath room's with the feel that you are staying a luxury hotel. The patio is large and great for BBQ's all year round. The building had 3 enclosed garages parking spots outside washer/dryer hook-ups which are coin-op for additional income. All the units are on yearly leases, and all tenants pay for there own utilities. Please feel free to contact listing agent for more information and to view property.All info per seller and county records

  • January, 2001

  • Jan 31, 2001

    Date

    Sold (Public Records)

    Public Records

    $680,000

    Price

Show More

Tax History for 115 42Nd St

Assessed Value (2020): $917,935
Year Land Value Improved Value Assessed Value
2020 $807,783 $110,152 $917,935

Home Value Compared to the Market

This property vs the competition

115 42Nd St sold on November 13, 2020 for 6.59% higher 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 $1074.88 per/sqft which puts the price per square foot 0.18% higher than the current median sale per square foot for the city of Newport Beach.

About 115 42Nd St

Detailed summary of property

115 42Nd St is a duplex that recently sold in Newport Beach, CA 92663. This duplex offered 6 bedrooms, 4 bathrooms, roughly 2,604 living square feet, and sits on an approximately 2,614 square foot lot. 115 42Nd St was first listed on ArdentRealEstateGroup.com on August 19, 2020. The homeowner sold the property for $2,650,000. 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 6.59% higher than the current median priced home. Local homes that are currently for sale include 150 Cecil Pl, 186 Del Mar Ave and 218 Indianapolis Ave. While the average home in Newport Beach, CA is selling in 75 days, 115 42Nd St has a days on market of 86 days. There are currently 260 homes for sale in the Newport Beach real estate market and 192 of them are single family homes while 54 of them are condos and 14 are townhomes. For more information on this home for sale at 115 42Nd 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 115 42Nd St

Public county record property details
Beds
--
Baths
--
Year built
1963
Sq. Ft.
2,602
Lot Size
2,745
Stories
2
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
22
APN
423-023-13

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
$4,395,000
Median List Price/Sq.Ft.
$1,522
Median Sold Price
$1,730,000
Median Sold Price/Sq.Ft.
$979
Total Inventory
84
Median Sale to List Price %
100.87%
Avg Days on Market
34
Loan Type
Conventional (23.08%), FHA (0%), VA (0%), Cash (30.77%), Other (46.15%)

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Recently Sold Homes Near 115 42Nd St

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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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