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126 40Th St, Newport Beach, CA 92663
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126 40Th St Newport Beach, CA 92663

$2,150,000 Sold Price as of 11/18/2020
  • 5 Beds
  • 3 Baths
  • 1,936 Sq.Ft.
Sold
$2,150,000 Sold Price as of 11/18/2020 Refinance Your Mortgage
Map preview of 126 40Th St, Newport Beach, CA 92663

Property Overview: 126 40Th St Newport Beach, CA has 5 bedrooms, 3 bathrooms, 1,936 living square feet and 2,375 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Superior 100 Block location on 40th St! Highly sought-after residential income property just steps to the surf and sand in West Newport on Balboa Peninsula! Welcome to a 3 bedroom 1 bathroom upper unit and a 2 bedroom 1 bathroom lower unit with an additional exterior bathroom and shower. Oversized 2 car garage with shared laundry with extra space for additional parking behind the garage. Current active short term lodging permit with the city, this property will allow you to continue building your vacation rental business and have immediate cash flow. Currently generating approximately $150,000 in gross rents. This property sits on an estimated 25’x 95’ - 2,375sqft lot. Great opportunity for an immediate sand close turn-key vacation rental or the long term vision of new construction in a prime location! Restaurants, cafes, grocery, Lido Village and so much more all within walking distance or a short bike ride. Welcome to 126 40th St, seconds to the beach, close to the boardwalk, hop on a bike ride to the Newport Pier and enjoy everything West Newport has to offer!

Listed by Nicolai Glazer | BRE #01857997 | Pacific Sotheby's Int'l Realty
Co-listed by Amelie Mason | BRE #02028221 | Pacific Sotheby's Int'l Realty
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
2,375
HOA Dues
$0/mo
Year built
1958
Garage
2 Car
Property Type:
Duplex
Status
Sold
MLS#
NP20197458
City
Newport Beach
County
Orange
Time on Site
1320 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: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $8,065
  • Total Rent: $8,065
  • Pro Forma/Market Rent: $8,065
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $4,355
  • Total Rent: $4,355
  • Pro Forma/Market Rent: $4,355
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $149,317
  • Net Operating Income: $108,275
  • Gross Operating Income: $149,317
Annual Expense Breakdown
  • Total Operating Expense: $41,042
  • Electric: $1,000
  • Gas/Fuel: $800
  • New Taxes: $25,000
  • Trash: $100
  • Cable TV: $1,200
  • Insurance: $1,395
  • Water/Sewer: $636
  • Other Expenses: $35,525
  • Other Expense Description: CleanTax

Virtual Tour

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Property Details for 126 40Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • In Garage
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Main Floor Bedroom, Main Floor Master Bedroom
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Oven, Gas Range, Refrigerator
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • 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: 3
  • Has Parking
  • Parking Features: Garage, Garage Faces Rear, On Site, Parking Space
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 42332103
  • Year Built Source: Assessor
  • Architectural Style: Cottage
  • Property is not Attached
  • Accessibility Features: None
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, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: West Newport Beach (WSNB)
  • Directions: From Seashore Dr turn left on 40thSt, property is on the right.
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights
View more facts & features

Local Newport Beach Agent

Sale History for 126 40Th St

Last sold for $2,150,000 on November 18th, 2020

  • November, 2020

  • Nov 19, 2020

    Date

    Sold

    CRMLS: NP20197079

    $2,150,000

    Price

  • Oct 28, 2020

    Date

    Pending

    CRMLS: NP20197079

    $2,198,000

    Price

  • Oct 7, 2020

    Date

    Active Under Contract

    CRMLS: NP20197079

    $2,198,000

    Price

  • Sep 21, 2020

    Date

    Active

    CRMLS: NP20197079

    $2,198,000

    Price

  • Listing provided courtesy of CRMLS

  • November, 2020

  • Nov 19, 2020

    Date

    Sold

    CRMLS: NP20197458

    $2,150,000

    Price

  • Oct 28, 2020

    Date

    Pending

    CRMLS: NP20197458

    $2,198,000

    Price

  • Oct 7, 2020

    Date

    Active Under Contract

    CRMLS: NP20197458

    $2,198,000

    Price

  • Sep 22, 2020

    Date

    Active

    CRMLS: NP20197458

    $2,198,000

    Price

  • January, 2006

  • Jan 23, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 126 40Th St

Assessed Value (2020): $2,222,289
Year Land Value Improved Value Assessed Value
2020 $2,177,843 $44,446 $2,222,289

Home Value Compared to the Market

This property vs the competition

126 40Th St sold on November 18, 2020 for 40.59% 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 $1135.33 per/sqft which puts the price per square foot 16.52% lower than the current median sale per square foot for the city of Newport Beach.

About 126 40Th St

Detailed summary of property

126 40Th St is a duplex that recently sold in Newport Beach, CA 92663. This duplex offered 5 bedrooms, 3 bathrooms, roughly 1,936 living square feet, and sits on an approximately 2,375 square foot lot. 126 40Th St was first listed on ArdentRealEstateGroup.com on September 22, 2020. The homeowner sold the property for $2,150,000. 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 40.59% lower than the current median priced home. Local homes that are currently for sale include 186 Del Mar Ave, 205 19th St and 201 19th St. While the average home in Newport Beach, CA is selling in 74 days, 126 40Th St has a days on market of 13 days. There are currently 269 homes for sale in the Newport Beach real estate market and 201 of them are single family homes while 55 of them are condos and 13 are townhomes. For more information on this home for sale at 126 40Th 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 126 40Th St

Public county record property details
Beds
--
Baths
--
Year built
1958
Sq. Ft.
1,936
Lot Size
2,273
Stories
--
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Orange
Lot#
14
APN
423-321-03

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
$4,299,000
Median List Price/Sq.Ft.
$1,509
Median Sold Price
$3,700,000
Median Sold Price/Sq.Ft.
$1,494
Total Inventory
86
Median Sale to List Price %
105.87%
Avg Days on Market
21
Loan Type
Conventional (17.65%), FHA (0%), VA (0%), Cash (47.06%), Other (35.29%)

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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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