1628 W Oceanfront Newport Beach, CA 92663

$4,700,000 Sold Price as of 08/26/2016

-- Beds
-- Baths
1,536 Sq.Ft.

Off Market

$4,700,000 Sold Price as of 08/26/2016 Refinance Your Mortgage

Property Overview: 1628 W Oceanfront Newport Beach, CA has -- bedrooms, -- bathrooms, 1,536 living square feet and 3,735 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1628 W Oceanfront is currently an off market home in the city of Newport Beach. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Newport Beach has a median list price of $4,299,000. The median price per/sqft for Newport Beach is $1,506. With those numbers in mind, if you are looking to purchase a median priced home in Newport Beach, CA and put 20% down you will need to save up $859,800 for the down payment and will need roughly $85,980 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Newport Beach the commission could be as much as $131,300. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1628 W Oceanfront

Last sold for $4,700,000 on August 26th, 2016

April, 2024
Apr 19, 2024

Date

Expired

CRMLS: OC24013329

$13,500,000

Price
Jan 22, 2024

Date

Active

CRMLS: OC24013329

$13,500,000

Price
Listing provided courtesy of CRMLS

Don't Miss Out on This Rare Opportunity! Discover the unparalleled charm of this prestigious property nestled in the heart of the Balboa Peninsula. Situated between the iconic Balboa Pier and Newport Pier, this boutique hotel offers a unique blend of luxury and coastal living. Featuring (7) studios, (2) 1 bed / 1 bath units, and (2) 2 bed / 1 bath units, this property boasts versatility to accommodate various lifestyles. Four units offer breathtaking ocean views, providing a picturesque backdrop to everyday living. Recently renovated, each unit showcases distinctive designs with modern upgrades including quartz countertops, new cabinetry, vinyl flooring, custom tiled showers, recessed lighting, and dual-pane windows throughout. Abundant natural lighting floods the interiors, creating an inviting atmosphere, while the soothing sounds of beach waves offer a sense of tranquility. Situated on an oversized 35-foot-wide corner lot, this property comes with an impressive 9 STR permits, providing lucrative short-term rental opportunities. Whether you're seeking an investment property or a family compound, this is a once-in-a-lifetime opportunity in Newport Beach. Enjoy close proximity to Marina Park, McFadden Square, Balboa Fun Zone, Newport/Balboa Piers, fine dining establishments, and some of the best ocean views in the area. With nearby Newport Elementary School and convenient access to surfing and beach activities, this property offers the ideal coastal lifestyle. Don't let this rare gem slip away - seize the opportunity to own a piece of Newport Beach's iconic coastline.

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January, 2024
Jan 18, 2024

Date

Canceled

CRMLS: NP23199965

$14,950,000

Price
Oct 31, 2023

Date

Active

CRMLS: NP23199965

$14,950,000

Price
Listing provided courtesy of CRMLS

1628 W. Oceanfront presents an opportunity to own a “one of a kind” property located on the prestigious Balboa Peninsula. Ideally located on the oceanfront in between the Balboa Pier and Newport Pier, the property is set up as a boutique hotel offering a variety of rooms to rent. Current unit set up is (7) studios, (2) 1 bed / 1 bath units, and (2) 2 bed / 1 bath units with 4 of them having ocean views. All units have been recently renovated and each one has their own unique design and detail. Upgrades include quartz countertops, new cabinetry, vinyl flooring, custom tiled showers, recessed lighting, recently painted exterior, and dual pane windows throughout. The property sits on an oversized 35 foot wide corner lot and offers an impressive 9 STR permits that can be transferred to the new owner. Continue renting on a short term basis or keep as a family compound. Guests enjoy close proximity to Marina Park, McFadden Square, Balboa Fun Zone, Newport/Balboa Piers, fine dining, and offers some of the best ocean views Newport Beach has to offer. This is truly a once in a lifetime generational opportunity that you will not find anywhere else in Newport Beach.

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August, 2016
Aug 26, 2016

Date

Sold (Public Records)

Public Records

$4,700,000

Price

Tax History for 1628 W Oceanfront

Assessed Value (2020): $4,880,889

Year	Land Value	Improved Value	Assessed Value
2020	$3,953,520	$927,369	$4,880,889

About 1628 W Oceanfront

Detailed summary of property

1628 W Oceanfront is categorized with a use code of Apartments (Generic) in Newport Beach, CA 92663 and last sold on August 26, 2016 for $4,700,000. This property has -- bedrooms, -- bathrooms, roughly 1,536 living square feet, and sits on an approximately 3,735 square foot lot. Homes 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 78.98% higher than the current median priced home. 1628 W Oceanfront was last sold on August 26, 2016 for $4,700,000. Local nearby listings include 1069 Granville Dr, 613 E Balboa Blvd #A and 1 Coventry. The average home in Newport Beach, CA is selling in 75 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. If you are the homeowner and looking to sell the home at 1628 W Oceanfront Newport Beach, CA 92663 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 1628 W Oceanfront

Public county record property details

Beds: --
Baths: --
Year built: 1931
Sq. Ft.: 1,536
Lot Size: 3,735
Stories: 2

Type: Apartments (Generic)
Pool: No
Spa: No
County: Orange
Lot#: 13
APN: 047-202-28

The source for these homes facts are from public records.

92663 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$4,395,000

Median List Price/Sq.Ft.

$1,522

Median Sold Price

$1,730,000

Median Sold Price/Sq.Ft.

$979

Total Inventory

Median Sale to List Price %

100.87%

Avg Days on Market

Loan Type

Conventional (23.08%), FHA (0%), VA (0%), Cash (30.77%), Other (46.15%)

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