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117 Via Antibes #1, Newport Beach, CA 92663
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117 Via Antibes #1 Newport Beach, CA 92663

$6,550,000 Sold Price as of 01/15/2021
  • 13 Beds
  • 13 Baths
  • 7,398 Sq.Ft.
Sold
$6,550,000 Sold Price as of 01/15/2021 Refinance Your Mortgage
Map preview of 117 Via Antibes #1, Newport Beach, CA 92663

Property Overview: 117 Via Antibes #1 Newport Beach, CA has 13 bedrooms, 13 bathrooms, 7,398 living square feet and 9,239 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Generational opportunity to purchase a beautifully remodeled, six-unit condo complex on famed Lido Isle, the adage of location, location, location could not be more accurate when describing this one-of-a-kind investment. Sited an incredible parcel of approximately 3.5 lots and conveniently close to the areas desirable amenities of the bay, world-class dining, Lido Village, shopping and beaches coupled with access to the fabulous amenities of the community of Lido Isle. The six residences each have their own APN and the complex is comprised of four, impeccably and completely rebuilt from floor to ceiling 2-bedroom units that contain interior laundry, AC and top-quality finishes throughout plus two, 3-bedroom units. Each residence offers generous living areas, bedroom spaces, private patios plus enclosed, 2-car garages and range from approx 1,141 to 1,674sf. Encouraging an indoor/outdoor living environment, a gated, large interior courtyard with seating and bbq areas, welcomes residents, invites relaxation and provides a place in which to unwind and interact. Zoned RM – Residential Multifamily, the property is less than a stone’s throw from access to recreation on the bay or an easy jaunt into the Lido Village to enjoy a meal. This offering has the potential for vacation-rental income, long-term stays or even as a family compound. An added benefit is the “Lido lifestyle”. The community of Lido Isle offers tennis, sailing, beaches, clubhouse and parks as a perk of the HOA.

Listed by Jon Flagg | BRE #01316048 | Villa Real Estate
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 67

Home details

Lot Sq. Ft
9,239
HOA Dues
$0/mo
Year built
1958
Garage
12 Car
Property Type:
Multi Family
Status
Sold
MLS#
NP20216324
City
Newport Beach
County
Orange
Time on Site
1434 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,250
  • Total Rent: $51,000
  • Pro Forma/Market Rent: $52,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,000
  • Total Rent: $48,000
  • Pro Forma/Market Rent: $52,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,995
  • Total Rent: $47,940
  • Pro Forma/Market Rent: $52,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,850
  • Total Rent: $46,200
  • Pro Forma/Market Rent: $52,800
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,000
  • Total Rent: $48,000
  • Pro Forma/Market Rent: $54,000
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $5,000
  • Total Rent: $60,000
  • Pro Forma/Market Rent: $66,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.81%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $301,140
  • Net Operating Income: $197,150
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $103,990
  • Electric: $300
  • Gas/Fuel: $360
  • New Taxes: $72,900
  • Trash: $0
  • Gardener: $3,000
  • Insurance: $4,830
  • Professional Management: $17,600
  • Water/Sewer: $1,800
  • Other Expenses: $3,200
  • Other Expense Description: HOA

Property Details for 117 Via Antibes #1

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Community, Individual Room
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Laminate
  • Entry, Kitchen, Laundry, Living Room, Master Bedroom
Kitchen Information
  • Has Appliances
  • Dishwasher, Freezer, Disposal, Gas Cooktop, Microwave, Refrigerator
Interior Features
  • Cathedral Ceiling(s), Ceiling Fan(s)
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 12
  • # of Parking Spaces: 12
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Condominium
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 93889001
  • Year Built Source: Assessor
  • Property is Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Association Name: Lido Isle Homeowners Association
  • Association Amenities: Barbecue, Picnic Area, Playground, Dock, Tennis Court(s), Sport Court, Clubhouse, Banquet Facilities, Management
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Lido Island (LIDO)
  • Directions: Via Lido to Via Lido Soud, right to Via Barcelona, left to Via Lido Nord, left to Via Antibes left
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Newport Beach Agent

Sale History for 117 Via Antibes #1

Last sold for $6,550,000 on January 15th, 2021

  • January, 2021

  • Jan 19, 2021

    Date

    Sold

    CRMLS: NP20216324

    $6,550,000

    Price

  • Oct 15, 2020

    Date

    Active

    CRMLS: NP20216324

    $6,995,000

    Price

  • July, 2020

  • Jul 16, 2020

    Date

    Expired

    CRMLS: NP20010010

    $6,995,000

    Price

  • Mar 24, 2020

    Date

    Active

    CRMLS: NP20010010

    $6,995,000

    Price

  • Mar 3, 2020

    Date

    Active Under Contract

    CRMLS: NP20010010

    $6,995,000

    Price

  • Jan 22, 2020

    Date

    Active

    CRMLS: NP20010010

    $6,995,000

    Price

  • Listing provided courtesy of CRMLS

    Lifestyle. Location. Legacy. Situated on an appx. 9,239 sq. ft. Lido Isle parcel in the heart of Newport Beach, this six-unit condo complex presents a rare investment opportunity for stable, long-term income for generations to come. The fully-occupied building offers tenants a lifestyle beyond compare with Lido Marina Village, surfing, dining, shopping and community amenities (beaches, dog park, playground, basketball and tennis courts, dock and clubhouse privileges) just outside their door. The meticulously maintained building features six spacious units each with their own APN’s, private two-car garages, in-unit laundry, and indoor/outdoor living with access to a gated interior courtyard. All four of the two-bedroom units have been renovated to perfection, showcasing stylish finishes, quality materials, central air, and gourmet kitchens. Given its highly-desirable location, luxe accommodations and many amenities within reach, the income projections for this performing asset reveal a sound long-term investment.

  • May, 2020

  • May 20, 2020

    Date

    Leased

    CRMLS: OC20054128

    $4,250

    Price

  • Mar 11, 2020

    Date

    Active

    CRMLS: OC20054128

    $4,250

    Price

  • Listing provided courtesy of CRMLS

    Welcome to Lido Isle, one of the most coveted neighborhoods in Newport Beach. Each unit at Lido Commons is a modern masterpiece. Completely custom with luxurious finishes throughout, PLUS each unit has garage access! What more could one want? Upon entry, each 2-story unit is light and airy with large windows, lofty ceilings, planked flooring, sleek gas fireplace, second-floor laundry, ample storage and over-sized closets in each room. Spacious kitchen is an entertainer’s dream. European-inspired custom cabinetry, industrial stainless-steel kitchen appliances, including refrigerator, stove, dishwasher, and microwave, quartz countertops with breakfast bar and generous pantry. Upstairs bathroom has the same contemporary design as the kitchen, plus ample lighting and over-sized walk-in shower. Unit also includes washer and dryer. Don’t miss the outdoor inspired living with extra-large, double sliders opening to the beautifully renovated common patio with fire-pit and BBQ. Conveniently located in the heart of Lido Isle, just a quick walk to the beach, shopping and dining. Come see for yourself, Lido Commons cannot be beat.

  • November, 2019

  • Nov 30, 2019

    Date

    Expired

    CRMLS: NP19037393

    $7,995,000

    Price

  • Feb 21, 2019

    Date

    Active

    CRMLS: NP19037393

    $7,995,000

    Price

  • Listing provided courtesy of CRMLS

    Generational opportunity to purchase a beautifully remodeled, six-unit condo complex on famed Lido Isle, the adage of location, location, location could not be more accurate when describing this one-of-a-kind investment. Sited an incredible parcel of approximately 3.5 lots and conveniently close to the areas desirable amenities of the bay, world-class dining, Lido Village, shopping and beaches coupled with access to the fabulous amenities of the community of Lido Isle. The six residences each have their own APN and the complex is comprised of four, impeccably and completely rebuilt from floor to ceiling 2-bedroom units that contain interior laundry, AC and top-quality finishes throughout plus two, 3-bedroom units. Each residence offers generous living areas, bedroom spaces, private patios plus enclosed, 2-car garages and range from 1,141 to 1,674sf. Encouraging an indoor/outdoor living environment, a gated, large interior courtyard with seating and bbq areas, welcomes residents, invites relaxation and provides a place in which to unwind and interact. Zoned RM – Residential Multifamily, the property is less than a stone’s throw from access to recreation on the bay or an easy jaunt into the Lido Village to enjoy a meal. This offering has the potential for vacation-rental income, long-term stays or even as a family compound. An added benefit is the “Lido lifestyle”. The community of Lido Isle offers tennis, sailing, beaches, clubhouse and parks as a perk of the HOA.

  • August, 2017

  • Aug 23, 2017

    Date

    Sold (Public Records)

    Public Records

    $4,400,000

    Price

Show More

Tax History for 117 Via Antibes #1

Assessed Value (2020): $697,068
Year Land Value Improved Value Assessed Value
2020 $610,908 $86,160 $697,068

Home Value Compared to the Market

This property vs the competition

117 Via Antibes #1 sold on January 15, 2021 for 154.36% 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 $945.53 per/sqft which puts the price per square foot 32.75% lower than the current median sale per square foot for the city of Newport Beach.

About 117 Via Antibes #1

Detailed summary of property

117 Via Antibes #1 is a multi family that recently sold in Newport Beach, CA 92663. This multi family property offered 13 bedrooms, 13 bathrooms, roughly 7,398 living square feet, and sits on an approximately 9,239 square foot lot. 117 Via Antibes #1 was first listed on ArdentRealEstateGroup.com on October 15, 2020. The homeowner sold the property for $6,550,000. 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 154.36% higher than the current median priced home. Local homes that are currently for sale include 803 W 30th St, 3756 Raymond Ave and 1741 S Westmoreland Blvd. While the average home in Newport Beach, CA is selling in 93 days, 117 Via Antibes #1 has a days on market of 67 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 117 Via Antibes #1 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 117 Via Antibes #1

Public county record property details
Beds
2
Baths
1
Year built
1958
Sq. Ft.
1,120
Lot Size
--
Stories
--
Type
Condominium Unit (Residential)
Pool
No
Spa
No
County
Orange
Lot#
--
APN
938-890-01

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 117 Via Antibes #1

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413 Via Lido Soud, Newport Beach, CA 92663
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433 Via Lido Soud, Newport Beach, CA 92663
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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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