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125 Onyx Ave, Newport Beach, CA 92662
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125 Onyx Ave Newport Beach, CA 92662

$2,475,000 Sold Price as of 08/31/2020
  • 6 Beds
  • 6 Baths
  • 2,614 Sq.Ft.
Sold
$2,475,000 Sold Price as of 08/31/2020 Refinance Your Mortgage
Map preview of 125 Onyx Ave, Newport Beach, CA 92662

Property Overview: 125 Onyx Ave Newport Beach, CA has 6 bedrooms, 6 bathrooms, 2,614 living square feet and 2,753 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This one of a kind, oversized duplex located on the 100 block of Onyx just steps away from Marine Ave. is a must see! A perfect income property for 1031 exchange investors & Short Term/Vacation Income generation. Premises includes a total of 6 bedrooms, 6 bathrooms. Each unit consists of 3 bedrooms and 3 baths. Both units have private entrances, and access to a large newly tiled rooftop deck. Upper unit is currently leased for $3900 per month on a long-term basis. Lease is currently on a month-to-month basis. Lower unit is a short-term year-round vacation rental (Income Available upon request). The lower unit displays a remodeled kitchen with granite counters, new cabinets, new appliances, bi-fold French doors that open to the lovely front patio. Both units are mirror images of one another, and both have direct access to the rooftop deck. Bay and city views encompass this 360-degree entertainment deck. The deck makes for the absolute perfect spot to gather with some family and friends to enjoy some sunshine during the day or some drinks in the evening. Each unit also has its own private 1 car garage. Live in one unit and rent out the other to offset any expenses involved. This is the perfect property whether you use it for vacationing or to live and enjoy the Island lifestyle. You are only one street away from Marine Ave., where you will find all the best restaurants and shops that Balboa Island has to offer. Buyer to verify square footage and rental income.

Listed by Arthur Dorr | BRE #01899740 | Balboa Realty
Co-listed by Alex Batley | BRE #01897014 | Balboa Realty
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 207

Home details

Lot Sq. Ft
2,753
HOA Dues
$0/mo
Year built
1978
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
NP20009906
City
Newport Beach
County
Orange
Time on Site
1367 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: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $4,500
  • Total Rent: $54,000
  • Pro Forma/Market Rent: $5,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,900
  • Total Rent: $46,800
  • Pro Forma/Market Rent: $4,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $100,800
  • Net Operating Income: $56,170
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $44,630
  • New Taxes: $33,630
  • Trash: $500
  • Insurance: $3,000
  • Maintenance: $5,000
  • Water/Sewer: $2,500

Property Details for 125 Onyx Ave

Interior Features
Laundry Information
  • Has Laundry
  • In Closet, Inside
Interior Features
  • Levels: Two, Three Or More
  • Window Features: Double Pane Windows
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: Front Yard, Level with Street, Park Nearby
  • Common Interest: None
Property Information
  • Has View
  • View: Bay, City Lights, Coastline, Neighborhood, Panoramic, See Remarks
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 05017123
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
  • Association Amenities: Outdoor Cooking Area
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Island - Main Island (BALM)
  • Directions: On the corner of Park Ave. and the 100 block of Onyx Ave.
Neighborhood Information
  • Community Features: Fishing, Sidewalks, Urban
View more facts & features

Local Newport Beach Agent

Sale History for 125 Onyx Ave

Last sold for $2,475,000 on August 31st, 2020

  • August, 2020

  • Aug 31, 2020

    Date

    Sold

    CRMLS: NP20009908

    $2,475,000

    Price

  • Aug 12, 2020

    Date

    Active Under Contract

    CRMLS: NP20009908

    $2,690,000

    Price

  • Jul 25, 2020

    Date

    Price Change

    CRMLS: NP20009908

    $2,690,000

    Price

  • Feb 10, 2020

    Date

    Price Change

    CRMLS: NP20009908

    $2,799,000

    Price

  • Jan 15, 2020

    Date

    Active

    CRMLS: NP20009908

    $2,950,000

    Price

  • Listing provided courtesy of CRMLS

  • August, 2020

  • Aug 31, 2020

    Date

    Sold

    CRMLS: NP20009906

    $2,475,000

    Price

  • Aug 12, 2020

    Date

    Active Under Contract

    CRMLS: NP20009906

    $2,690,000

    Price

  • Jul 25, 2020

    Date

    Price Change

    CRMLS: NP20009906

    $2,690,000

    Price

  • Feb 10, 2020

    Date

    Price Change

    CRMLS: NP20009906

    $2,799,000

    Price

  • Jan 15, 2020

    Date

    Active

    CRMLS: NP20009906

    $2,950,000

    Price

  • May, 2015

  • May 29, 2015

    Date

    Sold (Public Records)

    Public Records

    $2,200,000

    Price

  • December, 2006

  • Dec 15, 2006

    Date

    Sold (Public Records)

    Public Records

    $1,915,000

    Price

Show More

Tax History for 125 Onyx Ave

Assessed Value (2020): $2,346,713
Year Land Value Improved Value Assessed Value
2020 $2,182,443 $164,270 $2,346,713

Home Value Compared to the Market

This property vs the competition

125 Onyx Ave sold on August 31, 2020 for 2.44% 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 $1029.07 per/sqft which puts the price per square foot 4.09% lower than the current median sale per square foot for the city of Newport Beach.

About 125 Onyx Ave

Detailed summary of property

125 Onyx Ave is a multi family that recently sold in Newport Beach, CA 92662. This multi family property offered 6 bedrooms, 6 bathrooms, roughly 2,614 living square feet, and sits on an approximately 2,753 square foot lot. 125 Onyx Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $2,475,000. 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 2.44% higher than the current median priced home. Local homes that are currently for sale include 186 Del Mar Ave, 1022 El Camino Dr and 2976 Royal Palm Dr. While the average home in Newport Beach, CA is selling in 76 days, 125 Onyx Ave has a days on market of 207 days. There are currently 259 homes for sale in the Newport Beach real estate market and 190 of them are single family homes while 54 of them are condos and 15 are townhomes. For more information on this home for sale at 125 Onyx Ave Newport Beach, CA 92662 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 125 Onyx Ave

Public county record property details
Beds
--
Baths
--
Year built
1978
Sq. Ft.
1,987
Lot Size
2,753
Stories
2
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
15
APN
050-171-23

The source for these homes facts are from public records.

92662 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$3,995,000
Median List Price/Sq.Ft.
$2,362
Median Sold Price
$5,950,000
Median Sold Price/Sq.Ft.
$2,288
Total Inventory
10
Median Sale to List Price %
100%
Avg Days on Market
0
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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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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