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1544 Orchard Dr, Newport Beach, CA 92660
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1544 Orchard Dr Newport Beach, CA 92660

$1,595,000
  • 5 Beds
  • 2 Baths
  • 1,592 Sq.Ft.
For Sale
$1,595,000 Get Pre-Qualified
Map preview of 1544 Orchard Dr, Newport Beach, CA 92660

Property Overview: 1544 Orchard Dr Newport Beach, CA has 5 bedrooms, 2 bathrooms, 1,592 living square feet and 7,405 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: A rare developer opportunity! This remodeled single story duplex is situated on a flat lot in an excellent location in Newport Beach next to Santa Ana Country Club. Buyer has the option of building 2 units per lot approx. (7840 sq ft). Excellent long term tenants residing in the units currently. Low expenses and good income. RV parking. 1554 Orchard, NB is also for sale on a separate listing. The duplexes are contiguous and are being sold together.

Listed by Gary Sully | BRE #01095171 | The Sully Group
Co-listed by Leah Sully | BRE #01976531 | The Sully Group
Last checked: 8 minutes ago | Last updated: April 24th, 2024 | Source CRMLS | DOM: 28
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Home details

Lot Sq. Ft
7,405
HOA Dues
$0/mo
Year built
1962
Garage
2 Car
Property Type:
Duplex
Status
Active
MLS#
OC24060754
City
Newport Beach
County
Orange
Time on Site
28 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: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,750
  • Total Rent: $33,000
  • Pro Forma/Market Rent: $36,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $30,000
  • Pro Forma/Market Rent: $36,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.87%
  • Gross Rent Multiplier: 26.9
  • Gross Scheduled Income: $63,000
  • Net Operating Income: $48,800
  • Gross Operating Income: $68,400
  • Vacancy Allowance: $0
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Other Income 2: $0
  • Other Income Description: 0
  • Personal Property: $0
  • Improvements Total: $0
Annual Expense Breakdown
  • Total Operating Expense: $14,200
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $0
  • New Taxes: $0
  • Furniture Replacement: $0
  • Trash: $1,200
  • Cable TV: $0
  • Gardener: $1,200
  • Insurance: $1,400
  • Maintenance: $0
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $2,400
  • Other Expenses: $8,000
  • Other Expense Description: prop tax

Open Houses for 1544 Orchard Dr

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Property Details for 1544 Orchard Dr

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Outside, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Vinyl
  • All Bedrooms Down, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Oven, Gas Water Heater
Interior Features
  • Levels: One
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Block, Wood
  • Other Structures: Two On A Lot
  • 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: 2
  • Has Parking
  • Parking Features: Detached Carport, Driveway, Driveway Level, Garage, Off Street, RV Access/Parking
Lot Information
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard, Level with Street, Level, Yard
  • Lot Size Source: Appraiser
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 43924114
  • Year Built Source: Public Records
  • Architectural Style: Craftsman
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is Attached
  • Property Condition: Additions/Alterations, Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Other
  • Directions: Mesa Drive and Santa Ana Ave.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Golf
View more facts & features

Local Newport Beach Agent

Sale History for 1544 Orchard Dr

Last sold for $810,000 on November 29th, 2016

  • April, 2024

  • Apr 2, 2024

    Date

    Active

    CRMLS: OC24060754

    $1,695,000

    Price

  • November, 2016

  • Nov 29, 2016

    Date

    Sold (Public Records)

    Public Records

    $810,000

    Price

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Tax History for 1544 Orchard Dr

Assessed Value (2020): $868,578
Year Land Value Improved Value Assessed Value
2020 $816,463 $52,115 $868,578

Home Value Compared to the Market

This property vs the competition

1544 Orchard Dr is listed 62.86% lower than the median list price for the city of Newport Beach which has a median list price of $4,295,000. The median price per/sqft for Newport Beach is $1,506 and this home is listed at $1001.88 per/sqft which puts the price per square foot 33.47% lower than the median price per square foot for the city of Newport Beach.

About 1544 Orchard Dr

Detailed summary of property

1544 Orchard Dr is a duplex located in Newport Beach, CA 92660 and is currently for sale. This duplex offers 5 bedrooms, 2 bathrooms, roughly 1,592 living square feet, and sits on an approximately 7,405 square foot lot. 1544 Orchard Dr was first listed on ArdentRealEstateGroup.com on April 3, 2024. The homeowner is currently asking $1,595,000 and was originally asking $1,695,000. The median priced home in Newport Beach is $4,295,000 with a median price per square foot of $1,506. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is listed 62.86% lower than the median priced home. Local competing homes currently for sale include 715 California, 7851 Cypress Dr and 915 W Maple Ave. While the average home in Newport Beach, CA is selling in 72 days, 1544 Orchard Dr has a days on market of 28 days. There are currently 266 homes for sale in the Newport Beach real estate market and 196 of them are single family homes while 56 of them are condos and 14 are townhomes. For more information on this home for sale at 1544 Orchard Dr Newport Beach, CA 92660 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 1544 Orchard Dr

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
7,503
Stories
--
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Orange
Lot#
14
APN
439-241-14

The source for these homes facts are from public records.

92660 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$3,800,000
Median List Price/Sq.Ft.
$1,211
Median Sold Price
$2,675,000
Median Sold Price/Sq.Ft.
$1,073
Total Inventory
125
Median Sale to List Price %
102.88%
Avg Days on Market
35
Loan Type
Conventional (28.57%), FHA (2.86%), VA (0%), Cash (37.14%), Other (31.43%)

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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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