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1554 Orchard Dr, Newport Beach, CA 92660
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1554 Orchard Dr Newport Beach, CA 92660

$1,595,000
  • 3 Beds
  • 2 Baths
  • 1,592 Sq.Ft.
For Sale
$1,595,000 Get Pre-Qualified
Map preview of 1554 Orchard Dr, Newport Beach, CA 92660

Property Overview: 1554 Orchard Dr Newport Beach, CA has 3 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: 12 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#
OC24060749
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 Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $2,650
  • Total Rent: $31,800
  • Pro Forma/Market Rent: $36,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $2,750
  • Total Rent: $33,000
  • Pro Forma/Market Rent: $36,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3%
  • Gross Rent Multiplier: 26.15
  • Gross Scheduled Income: $64,800
  • Net Operating Income: $50,600
  • Gross Operating Income: $0
  • Vacancy Allowance: $0
  • Gross Spendable Income: $0
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Other Income 2: $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 1554 Orchard Dr

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Property Details for 1554 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, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Oven, Microwave, Water Heater
Interior Features
  • Levels: One
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Block, Wood
  • 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: Driveway, Asphalt, Driveway Level, Garage, RV Access/Parking
Lot Information
  • Lot Features: 2-5 Units/Acre, Lawn, 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: 43924115
  • Year Built Source: Public Records
  • 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: Sewer Paid
  • Water Source: Public
  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Available
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Santa Ana Heights Residential (SAHR)
  • Directions: Mesa Drive and Santa Ana Ave
Neighborhood Information
  • Community Features: Golf
View more facts & features

Local Newport Beach Agent

Sale History for 1554 Orchard Dr

Last sold for $750,000 on September 25th, 2015

  • April, 2024

  • Apr 2, 2024

    Date

    Active

    CRMLS: OC24060749

    $1,695,000

    Price

  • September, 2015

  • Sep 25, 2015

    Date

    Sold (Public Records)

    Public Records

    $750,000

    Price

Show More

Tax History for 1554 Orchard Dr

Assessed Value (2020): $789,262
Year Land Value Improved Value Assessed Value
2020 $741,906 $47,356 $789,262

Home Value Compared to the Market

This property vs the competition

1554 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 1554 Orchard Dr

Detailed summary of property

1554 Orchard Dr is a duplex located in Newport Beach, CA 92660 and is currently for sale. This duplex offers 3 bedrooms, 2 bathrooms, roughly 1,592 living square feet, and sits on an approximately 7,405 square foot lot. 1554 Orchard Dr was first listed on ArdentRealEstateGroup.com on April 2, 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, 1554 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 1554 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 1554 Orchard Dr

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
7,390
Stories
--
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Orange
Lot#
14
APN
439-241-15

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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