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1550 Miramar Dr, Newport Beach, CA 92661
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1550 Miramar Dr Newport Beach, CA 92661

$3,000,000 Sold Price as of 10/25/2019
  • 7 Beds
  • 6 Baths
  • 3,810 Sq.Ft.
Sold
$3,000,000 Sold Price as of 10/25/2019 Refinance Your Mortgage
Map preview of 1550 Miramar Dr, Newport Beach, CA 92661

Property Overview: 1550 Miramar Dr Newport Beach, CA has 7 bedrooms, 6 bathrooms, 3,810 living square feet and 4,791 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1550 Miramar Drive is a 6-unit multifamily investment opportunity located in Newport Beach, one of the premier coastal housing markets in Southern California. Situated on a 0.11-acre lot, the 3,810 square foot property consists of one- and two-bedroom units and offers amenities including patios and balconies (select units) and garage parking. The property also underwent a complete renovation in 2018 and 2019. All of the units were renovated with new carpet and laminate flooring throughout, stainless steel appliances, ceiling fans, closets, and upgraded bathrooms. The exterior of the property was renovated with new paint and a new deck. 1550 Miramar Drive is situated in the affluent Peninsula Point neighborhood of Newport Beach. Surrounded by multi-million dollar single-family residential homes, residents enjoy walkable access to world class beaches and Newport Harbor. The property is also less than one mile from the Balboa Pier and the Balboa Island Ferry providing convenient access to Balboa Island.

Listed by Kurt Hediger | BRE #01846649 | Marcus & Millichap RE Invest
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 114

Home details

Lot Sq. Ft
4,791
HOA Dues
$0/mo
Year built
1951
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC19118038
City
Newport Beach
County
Orange
Time on Site
1368 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Leased Units: 6
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $8,000
  • Pro Forma/Market Rent: $9,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $171,000
  • Net Operating Income: $115,044
  • Gross Operating Income: $165,960
Annual Expense Breakdown
  • Total Operating Expense: $50,916
  • Electric: $1,617
  • Gas/Fuel: $1,617
  • New Taxes: $37,308
  • Trash: $1,617
  • Insurance: $1,800
  • Maintenance: $3,000
  • Professional Management: $0
  • Water/Sewer: $1,617
  • Other Expenses: $2,340
  • Other Expense Description: Other

Property Details for 1550 Miramar Dr

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • 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: 3
Lot Information
  • Lot Features: Landscaped
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 6
  • Parcel Number: 04819208
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: Cross Streets: E Balboa Blvd / E Ocean Blvd
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Newport Beach Agent

Sale History for 1550 Miramar Dr

Last sold for $3,000,000 on October 25th, 2019

  • October, 2019

  • Oct 25, 2019

    Date

    Sold

    CRMLS: OC19118038

    $3,000,000

    Price

  • Sep 27, 2019

    Date

    Pending

    CRMLS: OC19118038

    $3,250,000

    Price

  • Sep 12, 2019

    Date

    Active Under Contract

    CRMLS: OC19118038

    $3,250,000

    Price

  • May 21, 2019

    Date

    Active

    CRMLS: OC19118038

    $3,250,000

    Price

  • October, 2019

  • Oct 25, 2019

    Date

    Sold (Public Records)

    Public Records

    $3,000,000

    Price

  • October, 2019

  • Oct 4, 2019

    Date

    Canceled

    CRMLS: NP18231857

    $3,200

    Price

  • Mar 29, 2019

    Date

    Active

    CRMLS: NP18231857

    $3,200

    Price

  • Feb 14, 2019

    Date

    Withdrawn

    CRMLS: NP18231857

    $3,200

    Price

  • Feb 5, 2019

    Date

    Price Change

    CRMLS: NP18231857

    $3,200

    Price

  • Sep 22, 2018

    Date

    Active

    CRMLS: NP18231857

    $3,300

    Price

  • Listing provided courtesy of CRMLS

    Located in the highly desirable neighborhood of Peninsula Point this fully renovated one bedroom one bath apartment is just a short walk to the bay and the famous wedge beach. Offered fully furnished, step inside this beach chic oasis with tile floors, a comfortable living room with a large sofa and chaise, a 54” Sony television, Sonos sound system and a cozy patio perfect for lounging at the end of the day. The kitchen is fully equipped with brand new appliances including a convection oven with four burner stove, refrigerator, dishwasher, garbage disposal and all the cookware and utensils needed for a fully stocked kitchen. The bedroom has a queen size bed, mirrored closet doors and a built in closet system to keep your belongings organized. The bathroom has a spacious glass enclosed shower and a vanity. This fabulous apartment also includes an outdoor parking space, on site laundry and two beach cruisers. Water, gas and electrical are also included.

  • March, 2019

  • Mar 4, 2019

    Date

    Leased

    CRMLS: NP18272517

    $3,200

    Price

  • Feb 14, 2019

    Date

    Pending

    CRMLS: NP18272517

    $3,200

    Price

  • Feb 5, 2019

    Date

    Price Change

    CRMLS: NP18272517

    $3,200

    Price

  • Nov 13, 2018

    Date

    Active

    CRMLS: NP18272517

    $3,400

    Price

  • Listing provided courtesy of CRMLS

    Located in the highly desirable neighborhood of Peninsula Point this renovated two bedroom, one bath apartment is just a short walk to the bay and the famous wedge beach. Step inside this beach chic oasis which features a large living/dining room with new flooring throughout. The kitchen is equipped with a double oven and four burner stove, new stainless steel refrigerator, dishwasher and microwave. The master bedroom features it's own private patio. Both bedrooms have new carpet, ceiling fans, mirrored closet doors and built in closet systems to keep your belongings organized. Each bedroom and the living room are wired for flat screen TV installation. The spacious bathroom has shower with tub and built-in vanity. Enjoy the ocean breeze on the expansive deck located off the living room. This fabulous apartment also includes on site laundry and two designated parking spots. Water, gas and electrical included.

  • October, 2018

  • Oct 22, 2018

    Date

    Leased

    CRMLS: NP18231853

    $2,000

    Price

  • Oct 15, 2018

    Date

    Pending

    CRMLS: NP18231853

    $2,000

    Price

  • Sep 22, 2018

    Date

    Active

    CRMLS: NP18231853

    $2,000

    Price

  • Listing provided courtesy of CRMLS

    Located in the highly desirable neighborhood of Peninsula Point this renovated one bedroom, one bath apartment is just a short walk to the bay and the famous wedge beach. Step inside this beach chic oasis which features a large living room with an open kitchen, fully equipped with an oven with four burner stove, refrigerator, and garbage disposal. The large bedroom features a built in closet system to keep your belongings organized. The bathroom has a spacious glass enclosed shower and a vanity. Relax at the end of the day on the cozy patio. This fabulous apartment also includes on site laundry. Water, gas and electrical included.

  • April, 2018

  • Apr 3, 2018

    Date

    Leased

    CRMLS: NP17259977

    $3,300

    Price

  • Mar 29, 2018

    Date

    Active Under Contract

    CRMLS: NP17259977

    $2,100

    Price

  • Mar 22, 2018

    Date

    Price Change

    CRMLS: NP17259977

    $2,100

    Price

  • Mar 19, 2018

    Date

    Price Change

    CRMLS: NP17259977

    $2,800

    Price

  • Feb 26, 2018

    Date

    Price Change

    CRMLS: NP17259977

    $3,000

    Price

  • Jan 11, 2018

    Date

    Price Change

    CRMLS: NP17259977

    $3,200

    Price

  • Dec 22, 2017

    Date

    Price Change

    CRMLS: NP17259977

    $3,100

    Price

  • Nov 17, 2017

    Date

    Active

    CRMLS: NP17259977

    $3,200

    Price

  • Listing provided courtesy of CRMLS

    Located in the highly desirable neighborhood of Peninsula Point this fully renovated one bedroom one bath apartment is just a short walk to the bay and the famous wedge beach. Step inside this beach chic oasis with tile floors, a comfortable living room and a cozy patio perfect for lounging at the end of the day. The kitchen is fully equipped with brand new appliances including a convection oven with four burner stove, refrigerator, dishwasher, and garbage disposal. The bedroom has mirrored closet doors and a built in closet system to keep your belongings organized. The bathroom has a spacious glass enclosed shower and a vanity. This fabulous apartment also includes an outdoor parking space, and on site laundry. Water, gas and electrical are also included. Unit can be leased fully furnished for $2,800 per month.

  • January, 2018

  • Jan 12, 2018

    Date

    Leased

    CRMLS: NP17247398

    $3,000

    Price

  • Jan 9, 2018

    Date

    Active Under Contract

    CRMLS: NP17247398

    $3,000

    Price

  • Dec 11, 2017

    Date

    Price Change

    CRMLS: NP17247398

    $3,000

    Price

  • Nov 27, 2017

    Date

    Price Change

    CRMLS: NP17247398

    $3,100

    Price

  • Nov 4, 2017

    Date

    Price Change

    CRMLS: NP17247398

    $3,200

    Price

  • Oct 31, 2017

    Date

    Active

    CRMLS: NP17247398

    $3,500

    Price

  • Listing provided courtesy of CRMLS

    Located in the highly desirable neighborhood of Peninsula Point this renovated two bedroom, one bath apartment is just a short walk to the bay and the famous wedge beach. Step inside this beach chic oasis which features a large living/dining room with new flooring throughout. The kitchen is equipped with a double oven and four burner stove, new stainless steel refrigerator, dishwasher and microwave. The master bedroom features it's own private patio. Both bedrooms have new carpet, ceiling fans, mirrored closet doors and built in closet systems to keep your belongings organized. Each bedroom and the living room are wired for flat screen TV installation. The spacious bathroom has shower with tub and built-in vanity. Enjoy the ocean breeze on the expansive deck located off the living room. This fabulous apartment also includes on site laundry and two designated parking spots. Water, gas and electrical included.

  • January, 2018

  • Jan 9, 2018

    Date

    Leased

    CRMLS: NP18003204

    $2,000

    Price

  • Jan 7, 2018

    Date

    Active Under Contract

    CRMLS: NP18003204

    $2,000

    Price

  • Jan 5, 2018

    Date

    Active

    CRMLS: NP18003204

    $2,000

    Price

  • Listing provided courtesy of CRMLS

    Located in the highly desirable neighborhood of Peninsula Point this renovated, one bedroom, one bath apartment is just a short walk to the bay and the famous wedge beach. Step inside this beach chic oasis which features fresh paint and laminate wood floors throughout, a large living room with an open kitchen, fully equipped with an oven with four burner stove, refrigerator, and garbage disposal. The large bedroom features a built in closet system to keep your belongings organized. The bathroom has a spacious glass enclosed shower and a vanity. Relax at the end of the day on the large outdoor patio. This fabulous apartment also includes on site laundry. Water, gas, electrical and one parking space included.

  • November, 2017

  • Nov 27, 2017

    Date

    Leased

    CRMLS: NP17201854

    $1,900

    Price

  • Nov 22, 2017

    Date

    Pending

    CRMLS: NP17201854

    $2,000

    Price

  • Oct 10, 2017

    Date

    Price Change

    CRMLS: NP17201854

    $2,000

    Price

  • Sep 5, 2017

    Date

    Active

    CRMLS: NP17201854

    $2,300

    Price

  • Listing provided courtesy of CRMLS

    Located in the highly desirable neighborhood of Peninsula Point this renovated one bedroom, one bath apartment is just a short walk to the bay and the famous wedge beach. Step inside this beach chic oasis which features a large living room with an open kitchen, fully equipped with an oven with four burner stove, refrigerator, and garbage disposal. The large bedroom features a built in closet system to keep your belongings organized. The bathroom has a spacious glass enclosed shower and a vanity. Relax at the end of the day on the cozy patio. This fabulous apartment also includes on site laundry. Water, gas and electrical included.

  • July, 2013

  • Jul 3, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1550 Miramar Dr

Assessed Value (2020): $982,608
Year Land Value Improved Value Assessed Value
2020 $854,869 $127,739 $982,608

Home Value Compared to the Market

This property vs the competition

1550 Miramar Dr sold on October 25, 2019 for 23.76% higher 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 $853.02 per/sqft which puts the price per square foot 20.5% lower than the current median sale per square foot for the city of Newport Beach.

About 1550 Miramar Dr

Detailed summary of property

1550 Miramar Dr is a multi family that recently sold in Newport Beach, CA 92661. This multi family property offered 7 bedrooms, 6 bathrooms, roughly 3,810 living square feet, and sits on an approximately 4,791 square foot lot. 1550 Miramar Dr was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $3,000,000. 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 23.76% higher than the current median priced home. Local homes that are currently for sale include 213 41st St, 353 Hamilton St and 210 Grant St. While the average home in Newport Beach, CA is selling in 76 days, 1550 Miramar Dr has a days on market of 114 days. There are currently 259 homes for sale in the Newport Beach real estate market and 190 of them are single family homes while 54 of them are condos and 15 are townhomes. For more information on this home for sale at 1550 Miramar Dr 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 1550 Miramar Dr

Public county record property details
Beds
--
Baths
--
Year built
1951
Sq. Ft.
3,810
Lot Size
4,799
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
19
APN
048-192-08

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
$6,595,000
Median List Price/Sq.Ft.
$2,243
Median Sold Price
$11,100,000
Median Sold Price/Sq.Ft.
$2,775
Total Inventory
46
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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