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121 42Nd St Newport Beach, CA 92663

$2,695,000 Sold Price as of 06/24/2019

7 Beds
4 Baths
2,748 Sq.Ft.

Sold

$2,695,000 Sold Price as of 06/24/2019 Refinance Your Mortgage

Map preview of 121 42Nd St, Newport Beach, CA 92663

Property Overview: 121 42Nd St Newport Beach, CA has 7 bedrooms, 4 bathrooms, 2,748 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: Just remodeled from top to bottom and inside to out, this fully furnished stunning duplex sits just five houses away from the sand. Enter the spacious 4 br 2 ba upstairs unit and find yourself in a colorful beach chic great room with access to the outside balcony. The living area off the great room sports a large, comfortable seating cluster, gas fireplace, and a flat screen TV. A modern kitchen has everything you need. This unit has a master King bedroom with a full en-suite walk in-bath and a large mirrored closet This unit comfortably sleeps 9 in beds – another 2 people can sleep on the queen pullout sofa. The spacious 3 br 2 ba downstairs unit features a colorful beach chic great room with access to the outside patio. The living area off the great room sports a large, comfortable seating cluster, gas fireplace, and a flat screen TV and a modern kitchen with bar. This home has a master bedroom with a full en-suite walk in-bath and a large mirrored closet. The remaining two guest bedrooms offer a twin over queen bunk which includes its own flat screen TV and closet, and both share a hallway bath with a walk-in shower. This home comfortably sleeps 8 in beds – another 2 people can sleep on the queen pullout sofa bed. Additional amenities include a washer and dryer, cable and WIFI, and 1 garage parking space. Great income potential!

Listed by Jon Dishon | BRE #01192701 | Arbor Real Estate
Co-listed by Nicole Dishon | BRE #01275311 | Arbor Real Estate

Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft: 2,614
HOA Dues: $0/mo
Year built: 1964
Garage: 2 Car
Property Type:: Multi Family

Status: Sold
MLS#: NP19102597
City: Newport Beach
County: Orange
Time on Site: 1390 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 1
# of Electric Meters: 2
# of Gas Meters: 2
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Furnished
Actual Rent: $7,200
Total Rent: $0

Unit Breakdown 2

# of Units: 1
# of Beds: 4
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Furnished
Actual Rent: $5,000
Total Rent: $0

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $200,000
Net Operating Income: $0
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $0
New Taxes: $0
Trash: $0
Insurance: $0
Water/Sewer: $0

Property Details for 121 42Nd St

Interior Features

Cooling Information

No Cooling
None

Heating Information

Has Heating
Central

Laundry Information

Has Laundry
In Garage

Fireplace Information

Has Fireplace
Living Room

Room Information

Flooring: Laminate, Stone
Family Room, Kitchen, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom

Kitchen Information

Has Appliances
Dishwasher, Free-Standing Range, Disposal, Gas Range, Gas Cooktop, Water Heater

Interior Features

Ceiling Fan(s), Furnished, Living Room Balcony, Open Floorplan, Recessed Lighting, Stone Counters
Levels: Two

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 2
# of Parking Spaces: 2
Has Parking
Parking Features: Garage, Garage Faces Rear, Garage - Single Door

Lot Information

Lot Features: 0-1 Unit/Acre
Lot Size Source: Assessor

Property Information

Common Walls: No Common Walls
Total # of Units: 2
Parcel Number: 42302316
Year Built Source: Assessor
Property is not Attached
Property Condition: Turnkey, Updated/Remodeled

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Location / Neighborhood

Location Information

Subdivision Name: West Newport Beach (WSNB)
Directions: PCH to W Balboa Blvd to 42nd
Road Frontage Type: City Street
Road Surface Type: Maintained, Paved

Neighborhood Information

Community Features: Sidewalks, Suburban

View more facts & features

Local Newport Beach Agent

Sale History for 121 42Nd St

Last sold for $2,695,000 on June 27th, 2019

June, 2019
Jun 28, 2019

Date

Sold

CRMLS: NP19102597

$2,695,000

Price
Jun 10, 2019

Date

Pending

CRMLS: NP19102597

$2,695,000

Price
May 13, 2019

Date

Active Under Contract

CRMLS: NP19102597

$2,695,000

Price
May 3, 2019

Date

Active

CRMLS: NP19102597

$2,695,000

Price
June, 2019
Jun 27, 2019

Date

Sold (Public Records)

Public Records

$2,695,000

Price
January, 2019
Jan 16, 2019

Date

Sold

CRMLS: OC18193783

$1,739,500

Price
Nov 27, 2018

Date

Pending

CRMLS: OC18193783

$1,950,000

Price
Nov 6, 2018

Date

Active Under Contract

CRMLS: OC18193783

$1,950,000

Price
Oct 22, 2018

Date

Price Change

CRMLS: OC18193783

$1,950,000

Price
Aug 9, 2018

Date

Active

CRMLS: OC18193783

$2,150,000

Price
Listing provided courtesy of CRMLS

121 42nd Street is a 2-unit multifamily investment property located in Newport Beach, one of the premier coastal housing markets in Southern California. Built in 1964, 121 42nd Street offers investors the opportunity to capitalize on these strong market trends that should increase rental income by approximately 147 percent. Situated on a 0.06-acre lot, the 2,748 square foot property consists of three- and four-bedroom floor plans averaging 1,374 square feet. 121 42nd offers garage parking, large balconies, and direct access to the beach. Located just steps from the beach, residents of 121 42nd Street live within close proximity to the shops, bars, and restaurants on Balboa Peninsula and Pacific Coast Highway. The property is also located near Hoag Hospital Newport Beach, one of the largest employers of Newport Beach.

Continue Reading
January, 2019
Jan 16, 2019

Date

Sold (Public Records)

Public Records

$1,739,500

Price

Tax History for 121 42Nd St

Assessed Value (2020): $1,708,060

Year	Land Value	Improved Value	Assessed Value
2020	$1,400,609	$307,451	$1,708,060

Home Value Compared to the Market

This property vs the competition

121 42Nd St sold on June 24, 2019 for 27.16% 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 $980.71 per/sqft which puts the price per square foot 27.89% lower than the current median sale per square foot for the city of Newport Beach.

About 121 42Nd St

Detailed summary of property

121 42Nd St is a multi family that recently sold in Newport Beach, CA 92663. This multi family property offered 7 bedrooms, 4 bathrooms, roughly 2,748 living square feet, and sits on an approximately 2,614 square foot lot. 121 42Nd St was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $2,695,000. 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 27.16% lower than the current median priced home. Local homes that are currently for sale include 186 Del Mar Ave, 206 Chicago Ave and 218 Indianapolis Ave. While the average home in Newport Beach, CA is selling in 73 days, 121 42Nd St has a days on market of 10 days. There are currently 283 homes for sale in the Newport Beach real estate market and 213 of them are single family homes while 58 of them are condos and 12 are townhomes. For more information on this home for sale at 121 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 121 42Nd St

Public county record property details

Beds: --
Baths: --
Year built: 1964
Sq. Ft.: 2,748
Lot Size: 2,455
Stories: 2

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Orange
Lot#: 19
APN: 423-023-16

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.

$1,557

Median Sold Price

$3,700,000

Median Sold Price/Sq.Ft.

$1,494

Total Inventory

Median Sale to List Price %

105.87%

Avg Days on Market

Loan Type

Conventional (17.65%), FHA (0%), VA (0%), Cash (47.06%), Other (35.29%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Homes for Sale Near 121 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.

121 42Nd St Newport Beach, CA 92663

Unit Mix Summary

Unit Breakdown 1

Unit Breakdown 2

Property Income and Analysis

Annual Expense Breakdown

Property Details for 121 42Nd St

Cooling Information

Heating Information

Laundry Information

Fireplace Information

Room Information

Kitchen Information

Interior Features

Exterior Features

Parking/Garage Information

Lot Information

Property Information

Utilities Information

Location Information

Neighborhood Information

Local Newport Beach Agent

Sale History for 121 42Nd St

Tax History for 121 42Nd St

Home Value Compared to the Market

About 121 42Nd St

Public Facts for 121 42Nd St

92663 Real Estate Sale History (Last 30 days)

Thinking of Selling?

Homes for Sale Near 121 42Nd St

Nearby Homes for Sale

$2,595,000

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$2,295,000

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Recently Sold Homes Near 121 42Nd St

$2,650,000 Last Sold Price

$2,995,000 Last Sold Price

$8,002,000 Last Sold Price

$4,100,000 Last Sold Price

Related Resources to 121 42Nd St

New Listings in 92663

Popular Zip Codes

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