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128 25Th St Newport Beach, CA 92663

$1,912,000 Sold Price as of 11/21/2019

3 Beds
3 Baths
1,758 Sq.Ft.

Sold

$1,912,000 Sold Price as of 11/21/2019 Refinance Your Mortgage

Map preview of 128 25Th St, Newport Beach, CA 92663

Property Overview: 128 25Th St Newport Beach, CA has 3 bedrooms, 3 bathrooms, 1,758 living square feet and 1,750 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Get a potential 5% return on this Remodeled (2017) professionally decorated beach house brings in over $94,000 a year. Booked up for most of the year with returning renters, and still has vacant days for an owner and family to enjoy. Located on the first block from the sand. Starting with the large gated patio with after beach rinse station, this home has brand new everything. The downstairs, with its 10 ft ceilings and double pane windows, is what sets this house apart from the smaller homes. It boasts plank wood flooring throughout the home, all new appliances, hardware, sink and white granite countertops. The downstairs bathroom with walk in shower and cobblestone pan provides the convenient spot for after beach clean off. Two car garage with new flooring. Upstairs are three large bedrooms. The master bedroom is large enough to fit a CA King bed and couch. The large master bathroom has a walk in closet with custom cabinetry, large soaking tub (with ocean view), dual vanities and large walk in shower. All brand new!!! Upstairs bathroom has all new tub/shower with custom tile and vanity. Plenty of open shelving for linen/beach towel storage. Upstairs laundry room with new washer/dryer with folding station. Third floor rooftop deck with bay and beach views for the evening cocktail. The house is walking distance to all the popular bars and dining, Newport Pier. DO NOT DISTURB TENANTS.

Listed by Travis White | BRE #01916857 | Arbor Real Estate Professional

Last checked: 36 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 112

Home details

Lot Sq. Ft: 1,750
HOA Dues: $0/mo
Year built: 1987
Garage: 2 Car
Property Type:: Multi Family

Status: Sold
MLS#: OC19162384
City: Newport Beach
County: Orange
Time on Site: 1396 days

Multi-Family Unit Breakdown

Unit Mix Summary

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

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 3
Garage Spaces: 2
Garaged Attached? No
Furnishing: Furnished
Actual Rent: $122,000
Total Rent: $122,000
Pro Forma/Market Rent: $122,000

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $122,000
Net Operating Income: $89,000
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $32,000
Electric: $831
Gas/Fuel: $542
New Taxes: $0
Trash: $0
Insurance: $1,000
Water/Sewer: $0

Virtual Tour

Use the following link to view this property's virtual tour:

Virtual Tour URL (external link)

Property Details for 128 25Th St

Interior Features

Laundry Information

Has Laundry
Upper Level

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: Corner Lot, Value In Land, Walkstreet
Lot Size Source: Assessor

Property Information

Common Walls: No Common Walls
Total # of Units: 1
Parcel Number: 04714101
Year Built Source: Assessor
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: West Newport Beach (WSNB)
Directions: Balboa Blvd and 25th street

Neighborhood Information

Community Features: Biking, Curbs, Fishing, Watersports, Sidewalks, Storm Drains

View more facts & features

Local Newport Beach Agent

Sale History for 128 25Th St

Last sold on February 18th, 2020

February, 2020
Feb 18, 2020

Date

Sold (Public Records)

Public Records

--

Price
November, 2019
Nov 22, 2019

Date

Sold

CRMLS: OC19162384

$1,912,000

Price
Oct 29, 2019

Date

Active Under Contract

CRMLS: OC19162384

$1,995,000

Price
Aug 20, 2019

Date

Price Change

CRMLS: OC19162384

$1,995,000

Price
Jul 10, 2019

Date

Active

CRMLS: OC19162384

$2,095,000

Price
November, 2019
Nov 22, 2019

Date

Sold

CRMLS: OC19103521

$1,912,000

Price
Oct 28, 2019

Date

Active Under Contract

CRMLS: OC19103521

$1,995,000

Price
Aug 20, 2019

Date

Price Change

CRMLS: OC19103521

$1,995,000

Price
May 5, 2019

Date

Active

CRMLS: OC19103521

$2,095,000

Price
Listing provided courtesy of CRMLS
November, 2019
Nov 21, 2019

Date

Sold (Public Records)

Public Records

$1,912,000

Price

Tax History for 128 25Th St

Assessed Value (2020): $1,912,000

Year	Land Value	Improved Value	Assessed Value
2020	$1,751,090	$160,910	$1,912,000

Home Value Compared to the Market

This property vs the competition

128 25Th St sold on November 21, 2019 for 46.08% 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 $1134.81 per/sqft which puts the price per square foot 16.56% lower than the current median sale per square foot for the city of Newport Beach.

About 128 25Th St

Detailed summary of property

128 25Th St is a multi family that recently sold in Newport Beach, CA 92663. This multi family property offered 3 bedrooms, 3 bathrooms, roughly 1,758 living square feet, and sits on an approximately 1,750 square foot lot. 128 25Th St was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,912,000. 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 46.08% lower than the current median priced home. Local homes that are currently for sale include 189 Lower Cliff Dr, 189 Lower Cliff Dr and 357 Mermaid St. While the average home in Newport Beach, CA is selling in 75 days, 128 25Th St has a days on market of 112 days. There are currently 284 homes for sale in the Newport Beach real estate market and 215 of them are single family homes while 56 of them are condos and 13 are townhomes. For more information on this home for sale at 128 25Th 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 128 25Th St

Public county record property details

Beds: 3
Baths: 3
Year built: 1987
Sq. Ft.: 1,758
Lot Size: 1,750
Stories: --

Type: Single Family Residential
Pool: No
Spa: No
County: Orange
Lot#: 18
APN: 047-141-01

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

$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%)

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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.