Search
1305 Park Ave, Newport Beach, CA 92662
View Photos

1305 Park Ave Newport Beach, CA 92662

$1,410,000 Sold Price as of 08/10/2020
  • 3 Beds
  • 2 Baths
  • 1,129 Sq.Ft.
Sold
$1,410,000 Sold Price as of 08/10/2020 Refinance Your Mortgage
Map preview of 1305 Park Ave, Newport Beach, CA 92662

Property Overview: 1305 Park Ave Newport Beach, CA has 3 bedrooms, 2 bathrooms, 1,129 living square feet and 1,170 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Investor Alert! $45,000 PRICE REDUCTION! What better place to invest your money than a high end, high yield location like Newport Beach? This charming, updated beach house has the capability of being a cash cow. It has a prime location on Balboa Island in the heart of the Village. During peak season, it rents for up to $2800/week! It also has over an 85% occupancy rate for a short term rental. Recently rewired, painted and new dual paned windows installed. It is located in the heart of the Village, just a few steps to a myriad of shops and eateries. You are also only a block from the water where you can stroll around the island, watch endless sunsets and catch the boats coming in and out of the harbor. Opportunity is knocking. What are you waiting for? Make sure to look at the virtual tour, also on YouTube!

Listed by Sharon Kaak | BRE #01337639 | Triple Crown Real Estate
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 32

Home details

Lot Sq. Ft
1,170
HOA Dues
$0/mo
Year built
1948
Garage
1 Car
Property Type:
Single Family Home
Status
Sold
MLS#
PW20099525
City
Newport Beach
County
Orange
Time on Site
1393 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: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $72,000
  • Total Rent: $72,000
  • Pro Forma/Market Rent: $90,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $72,000
  • Net Operating Income: $51,099
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $20,901
  • Electric: $840
  • Gas/Fuel: $0
  • New Taxes: $16,225
  • Trash: $360
  • Insurance: $1,116
  • Water/Sewer: $360

Virtual Tour

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

Property Details for 1305 Park Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • In Garage
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
  • Kitchen, Living Room, Main Floor Bedroom
Kitchen Information
  • Has Appliances
  • Free-Standing Range
Interior Features
  • Levels: One
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Metal
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
  • Has Parking
  • Parking Features: Garage Faces Rear, Public
Lot Information
  • Lot Features: Level with Street, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights
  • Common Walls: No Common Walls
  • Total # of Units: 1
  • Parcel Number: 05017224
  • Year Built Source: Assessor
  • Architectural Style: Cottage
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Island - Main Island (BALM)
  • Directions: Jamboree all the way south to Marine and onto the Island. Left at Park Ave.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Sidewalks, Street Lights
View more facts & features

Local Newport Beach Agent

Sale History for 1305 Park Ave

Last sold for $1,410,000 on August 10th, 2020

  • August, 2020

  • Aug 10, 2020

    Date

    Sold

    CRMLS: PW20099525

    $1,410,000

    Price

  • Jul 30, 2020

    Date

    Pending

    CRMLS: PW20099525

    $1,450,000

    Price

  • Jun 26, 2020

    Date

    Active Under Contract

    CRMLS: PW20099525

    $1,450,000

    Price

  • Jun 11, 2020

    Date

    Price Change

    CRMLS: PW20099525

    $1,450,000

    Price

  • May 25, 2020

    Date

    Active

    CRMLS: PW20099525

    $1,495,000

    Price

  • August, 2020

  • Aug 10, 2020

    Date

    Sold

    CRMLS: PW20099338

    $1,410,000

    Price

  • Jul 30, 2020

    Date

    Pending

    CRMLS: PW20099338

    $1,450,000

    Price

  • Jun 26, 2020

    Date

    Active Under Contract

    CRMLS: PW20099338

    $1,450,000

    Price

  • Jun 11, 2020

    Date

    Price Change

    CRMLS: PW20099338

    $1,450,000

    Price

  • May 25, 2020

    Date

    Active

    CRMLS: PW20099338

    $1,495,000

    Price

  • Listing provided courtesy of CRMLS

    NEWSFLASH! $45,000 PRICE REDUCTION! Carpe Diem! Don’t miss this rare opportunity to break into the exclusive community of Balboa Island! This charming updated beach cottage will captivate you with its vintage charm and modern touches! There are 2 bedrooms, and 1 bath upstairs and 1 bedroom, 1 bath with garage downstairs. It would be a great multi-generational residence (Mom would love the bottom floor!). Recently painted, rewired, and new dual paned windows installed. It is located in the heart of the Village, just a few steps to a myriad of shops and eateries. You are also only a block from the ocean where you can stroll around the island, watch endless sunsets and catch the boats coming in and out of the harbor. Live the Islander life you have always dreamed in world-famous Newport Beach! Make sure to look at the virtual tour, also on YouTube!

  • August, 2020

  • Aug 10, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,410,000

    Price

  • November, 2019

  • Nov 1, 2019

    Date

    Expired

    CRMLS: LG19034828

    $1,499,000

    Price

  • Aug 4, 2019

    Date

    Price Change

    CRMLS: LG19034828

    $1,499,000

    Price

  • Apr 2, 2019

    Date

    Price Change

    CRMLS: LG19034828

    $1,599,000

    Price

  • Feb 14, 2019

    Date

    Active

    CRMLS: LG19034828

    $1,649,000

    Price

  • Listing provided courtesy of CRMLS

    Just one block from the beach, mere steps from the classic Village Inn, and a quick stroll to the countless shops, services, bars and restaurants along Marine Avenue, this charming coastal cottage is the most attainably priced home for sale on Balboa Island in Newport Beach. And that’s just for starters. Capturing the allure of 1940s Balboa Island living on the outside while offering updated interior spaces, the cozy duplex has tremendous income potential. Enjoy as is with a 2-bedroom, 1-bath upper-level unit and a 1-bedroom main-floor studio, or combine both into one extraordinary residence. A desirable half lot of approximately 1,200 square feet measures 39 x 30 feet, including one parking space and no common walls. Appliances, a fireplace, wood floors and a breakfast bar enhance living spaces, and the duplex’s location allows for quick and easy access on and off the island. Served by the award-winning Newport Mesa Unified School District, the one-of-a-kind residence is sure to sell fast, just in time for Balboa Island’s beautiful spring and summer seasons.

  • November, 2019

  • Nov 1, 2019

    Date

    Expired

    CRMLS: LG19034942

    $1,499,000

    Price

  • Aug 4, 2019

    Date

    Price Change

    CRMLS: LG19034942

    $1,499,000

    Price

  • Apr 2, 2019

    Date

    Price Change

    CRMLS: LG19034942

    $1,599,000

    Price

  • Feb 14, 2019

    Date

    Active

    CRMLS: LG19034942

    $1,649,000

    Price

  • Listing provided courtesy of CRMLS

    ATTENTION INVESTORS, HERE'S A RARE OPPORTUNITY! This property produces Massive Rental Income; renters are already booked for the entire year, and new owner will inherit them all. Just one block from the beach, mere steps from the classic Village Inn, and a quick stroll to the countless shops, services, bars and restaurants along Marine Avenue, this charming coastal cottage is the most attainably priced home for sale on Balboa Island in Newport Beach. And that’s just for starters. Capturing the allure of 1940s Balboa Island living on the outside while offering updated interior spaces, the cozy duplex has tremendous income potential. Enjoy as is with a 2-bedroom, 1-bath upper-level unit and a 1-bedroom main-floor studio, or combine both into one extraordinary residence. A desirable half lot of approximately 1,200 square feet measures 39 x 30 feet, including one parking space and no common walls. Appliances, a fireplace, wood floors and a breakfast bar enhance living spaces, and the duplex’s location allows for quick and easy access on and off the island. Served by the award-winning Newport Mesa Unified School District, the one-of-a-kind residence is sure to sell fast, just in time for Balboa Island’s beautiful spring and summer seasons.

  • October, 2012

  • Oct 12, 2012

    Date

    Sold (Public Records)

    Public Records

    $957,000

    Price

Show More

Tax History for 1305 Park Ave

Assessed Value (2020): $1,077,564
Year Land Value Improved Value Assessed Value
2020 $1,013,387 $64,177 $1,077,564

Home Value Compared to the Market

This property vs the competition

1305 Park Ave sold on August 10, 2020 for 44.78% 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 $1284.32 per/sqft which puts the price per square foot 19.69% higher than the current median sale per square foot for the city of Newport Beach.

About 1305 Park Ave

Detailed summary of property

1305 Park Ave is a single family home that recently sold in Newport Beach, CA 92662. This house offered 3 bedrooms, 2 bathrooms, roughly 1,129 living square feet, and sits on an approximately 1,170 square foot lot. 1305 Park Ave was first listed on ArdentRealEstateGroup.com on July 4, 2020. The homeowner sold the property for $1,410,000. 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 44.78% lower than the current median priced home. Local homes that are currently for sale include 190 Cecil Pl, 280 Cagney Ln #320 and 280 Cagney Lane #303. While the average home in Newport Beach, CA is selling in 75 days, 1305 Park Ave has a days on market of 32 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 1305 Park 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 1305 Park Ave

Public county record property details
Beds
3
Baths
2
Year built
1948
Sq. Ft.
1,129
Lot Size
1,170
Stories
1
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
17,1
APN
050-172-24

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
$4,949,000
Median List Price/Sq.Ft.
$2,362
Median Sold Price
$5,950,000
Median Sold Price/Sq.Ft.
$2,288
Total Inventory
9
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?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 1305 Park Ave

Nearby Homes for Sale

2011 Vista Cajon, Newport Beach, CA 92660
$1,399,000
3 Beds
2 Baths
1716 Sq.Ft.
2011 Vista Cajon
Newport Beach, CA 92660
Open Today 12pm-4pm
40 Canyon Island Dr, Newport Beach, CA 92660
$1,200,000
2 Beds
1 Baths
1197 Sq.Ft.
40 Canyon Island Dr
Newport Beach, CA 92660
Open Today 12pm-3pm
2 Canyon Island Dr #2, Newport Beach, CA 92660
$1,170,000
2 Beds
2 Baths
1197 Sq.Ft.
2 Canyon Island Dr #2
Newport Beach, CA 92660
Open Today 12pm-3pm
762 Tustin Avenue, Newport Beach, CA 92663
$1,650,000
2 Beds
1 Baths
1634 Sq.Ft.
762 Tustin Avenue
Newport Beach, CA 92663
Open Today 1pm-4pm
347 E 18th St #C, Costa Mesa, CA 92627
$1,190,000
3 Beds
2 Baths
1543 Sq.Ft.
347 E 18th St #C
Costa Mesa, CA 92627
280 Cagney Ln #301, Newport Beach, CA 92663
$1,299,000
2 Beds
1 Baths
1735 Sq.Ft.
280 Cagney Ln #301
Newport Beach, CA 92663
Open Sun 1pm-4pm
617 W 17th St, Costa Mesa, CA 92627
$1,399,000
3 Beds
4 Baths
2101 Sq.Ft.
617 W 17th St
Costa Mesa, CA 92627
124 Melody Ln, Costa Mesa, CA 92627
$1,650,000
3 Beds
2 Baths
2900 Sq.Ft.
124 Melody Ln
Costa Mesa, CA 92627
124 Melody Ln, Costa Mesa, CA 92627
$1,650,000
3 Beds
2 Baths
1802 Sq.Ft.
124 Melody Ln
Costa Mesa, CA 92627
Open Today 12pm-4pm
230 Lille Ln #106, Newport Beach, CA 92663
$1,500,000
2 Beds
2 Baths
1087 Sq.Ft.
230 Lille Ln #106
Newport Beach, CA 92663
1679 Grand View, Costa Mesa, CA 92627
$1,495,000
3 Beds
2 Baths
2142 Sq.Ft.
1679 Grand View
Costa Mesa, CA 92627
Open Today 11am-2pm
69 Ebb Tide Circle, Newport Beach, CA 92663
$1,595,000
3 Beds
3 Baths
1719 Sq.Ft.
69 Ebb Tide Circle
Newport Beach, CA 92663

Recently Sold Homes Near 1305 Park Ave

202 Onyx Ave, Newport Beach, CA 92662
$1,857,375 Last Sold Price
2 Beds
1 Baths
1018 Sq.Ft.
202 Onyx Ave
Newport Beach, CA 92662
206 Onyx Ave, Newport Beach, CA 92662
$3,800,000 Last Sold Price
3 Beds
2 Baths
2415 Sq.Ft.
206 Onyx Ave
Newport Beach, CA 92662
124 Amethyst Ave, Newport Beach, CA 92662
$2,925,000 Last Sold Price
4 Beds
2 Baths
1575 Sq.Ft.
124 Amethyst Ave
Newport Beach, CA 92662
202 Amethyst Ave, Newport Beach, CA 92662
$3,000,000 Last Sold Price
3 Beds
3 Baths
2521 Sq.Ft.
202 Amethyst Ave
Newport Beach, CA 92662

Related Resources to 1305 Park Ave

New Listings in 92662
Popular Zip Codes
Popular Cities
Other Newport Beach Resources

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.

Refi Quote