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129 E Bay Ave, Newport Beach, CA 92661
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129 E Bay Ave Newport Beach, CA 92661

$2,495,000 Sold Price as of 06/17/2021
  • 4 Beds
  • 4 Baths
  • 2,080 Sq.Ft.
Sold
$2,495,000 Sold Price as of 06/17/2021 Refinance Your Mortgage
Map preview of 129 E Bay Ave, Newport Beach, CA 92661

Property Overview: 129 E Bay Ave Newport Beach, CA has 4 bedrooms, 4 bathrooms, 2,080 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: Ideally located just a block from the beach and bay on the highly sought out Newport Peninsula. This updated duplex features an upper level unit with large bonus room with fireplace, fresh paint, new carpet and outdoor deck. The lower unit has a generous patio with direct access and plenty of space for entertaining and sunbathing. Each unit features 2 bedrooms and 2 baths, updated kitchens and baths and laminate wood floors. There is an attached 2 car garage with built in storage and access to the outdoor shower. Located within steps to the beach, bay, boardwalk, restaurants, entertainment, shopping and Balboa Fun Zone. Perfect property for owner/resident to take advantage of income potential or lease all of it out for short or long term rentals. Great opportunity!

Listed by Brett Smith | BRE #01365189 | Berkshire Hathaway HomeService
Co-listed by Dane Smith | BRE #01936058 | Berkshire Hathaway HomeService
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
2,614
HOA Dues
$0/mo
Year built
1960
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC21102764
City
Newport Beach
County
Orange
Time on Site
1075 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: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $89,400
  • Net Operating Income: $89,400
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • New Taxes: $0
  • Trash: $500
  • Insurance: $2,500
  • Water/Sewer: $1,200

Virtual Tour

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Property Details for 129 E Bay Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • In Garage
Fireplace Information
  • Has Fireplace
  • Family Room
Room Information
  • Flooring: Carpet, Laminate
  • Family Room, Kitchen, Master Bathroom, Master Bedroom
Kitchen Information
  • Has Appliances
  • Dishwasher, Electric Oven, Gas Range, Microwave, Refrigerator
Interior Features
  • Built-in Features, Granite Counters, Living Room Deck Attached, Open Floorplan, Recessed Lighting
  • Levels: Two
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: Back Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 04807223
  • Year Built Source: Assessor
  • Property is not Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Other
  • Directions: E Balboa Blvd/ Coronada/ East Bay
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Newport Beach Agent

Sale History for 129 E Bay Ave

Last sold for $2,495,000 on June 17th, 2021

  • June, 2021

  • Jun 18, 2021

    Date

    Sold

    CRMLS: OC21102764

    $2,495,000

    Price

  • May 25, 2021

    Date

    Active Under Contract

    CRMLS: OC21102764

    $2,495,000

    Price

  • May 17, 2021

    Date

    Active

    CRMLS: OC21102764

    $2,495,000

    Price

  • July, 2015

  • Jul 27, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2015

  • Mar 13, 2015

    Date

    Sold (Public Records)

    Public Records

    $1,730,000

    Price

Show More

Tax History for 129 E Bay Ave

Assessed Value (2020): $1,833,090
Year Land Value Improved Value Assessed Value
2020 $1,759,766 $73,324 $1,833,090

Home Value Compared to the Market

This property vs the competition

129 E Bay Ave sold on June 17, 2021 for 4.99% lower 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 $1199.52 per/sqft which puts the price per square foot 11.79% higher than the current median sale per square foot for the city of Newport Beach.

About 129 E Bay Ave

Detailed summary of property

129 E Bay Ave is a multi family that recently sold in Newport Beach, CA 92661. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 2,080 living square feet, and sits on an approximately 2,614 square foot lot. 129 E Bay Ave was first listed on ArdentRealEstateGroup.com on May 17, 2021. The homeowner sold the property for $2,495,000. 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 4.99% lower than the current median priced home. Local homes that are currently for sale include 353 Hamilton St, 150 Cecil Pl and 186 Del Mar Ave. While the average home in Newport Beach, CA is selling in 75 days, 129 E Bay Ave has a days on market of 6 days. There are currently 260 homes for sale in the Newport Beach real estate market and 192 of them are single family homes while 54 of them are condos and 14 are townhomes. For more information on this home for sale at 129 E Bay Ave Newport Beach, CA 92661 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 129 E Bay Ave

Public county record property details
Beds
--
Baths
--
Year built
1960
Sq. Ft.
2,080
Lot Size
2,863
Stories
2
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
1
APN
048-072-23

The source for these homes facts are from public records.

92661 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$6,750,000
Median List Price/Sq.Ft.
$2,241
Median Sold Price
$11,100,000
Median Sold Price/Sq.Ft.
$2,775
Total Inventory
47
Median Sale to List Price %
94.11%
Avg Days on Market
174
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (33.33%), Other (33.33%)

Thinking of Selling?

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(714) 706-1823

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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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