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203 8Th St, Newport Beach, CA 92661
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203 8Th St Newport Beach, CA 92661

$3,650,000 Sold Price as of 03/28/2022
  • 5 Beds
  • 3 Baths
  • 2,446 Sq.Ft.
Sold
$3,650,000 Sold Price as of 03/28/2022 Refinance Your Mortgage
Map preview of 203 8Th St, Newport Beach, CA 92661

Property Overview: 203 8Th St Newport Beach, CA has 5 bedrooms, 3 bathrooms, 2,446 living square feet and 2,396 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This duplex offers an exceptional location within close proximity to both the ocean and the bay, providing fantastic rooftop views of both Newport Bay and the breaking surf. Both units have been remodeled and provide modern kitchen amenities, a soothing neutral palette of colors and generous indoor / outdoor living spaces. The lower unit offers two bedrooms and one bath with an expansive front patio and private entrance. The upper unit has three bedrooms, two bathrooms, its own entrance and a rooftop deck to capture the tranquil panoramic views, summon the gentle ocean breezes and enjoy al fresco dining. Each unit has access to one parking space in the garage and a shared washer and dryer. For boating and sailing enthusiasts, the property is adjacent to the Newport Harbor Yacht Club. With a strong history of rental income, this is a tremendous opportunity to live in one unit, generate rental income from the other unit, all while experiencing the coveted Newport Beach lifestyle with world-class beaches, surfing, paddle boarding, sailing, and dining. Current rental rents have been provided to long term tenants and could be under market.

Listed by Ron Millar | BRE #01191748 | Arbor Real Estate
Last checked: 3 minutes ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 1

Home details

Lot Sq. Ft
2,396
HOA Dues
$0/mo
Year built
1965
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
NP22044886
City
Newport Beach
County
Orange
Time on Site
773 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: $3,500
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $5,000
  • Total Rent: $5,000
  • Pro Forma/Market Rent: $8,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $102,000
  • Net Operating Income: $97,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $5,000
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $2,200
  • Water/Sewer: $1,680

Virtual Tour

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Property Details for 203 8Th St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Community, In Garage
Fireplace Information
  • Has Fireplace
  • Family Room
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • 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: Garage
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Owner
  • Common Interest: None
Property Information
  • Has View
  • View: Bay, Neighborhood, Ocean
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 04727422
  • Year Built Source: Assessor
  • Property is Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer, Unknown
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: W. Balboa Blvd. to 8th St. Property is on the bay side of W. Balboa Blvd.
Neighborhood Information
  • Community Features: Biking, Curbs, Watersports, Sidewalks
View more facts & features

Local Newport Beach Agent

Sale History for 203 8Th St

Last leased for $7,000 on May 22nd, 2023

  • May, 2023

  • May 22, 2023

    Date

    Leased

    CRMLS: NP23073893

    $7,000

    Price

  • May 1, 2023

    Date

    Active

    CRMLS: NP23073893

    $7,300

    Price

  • Listing provided courtesy of CRMLS

    Immaculate, 3 bedroom 2 bath, top floor condo with exclusive use of the roof top deck, capturing tranquil panoramic views of the harbor and ocean. Recently remodeled condo with a chef inspired kitchen has sprawling counters, abundant cabinetry, and a large breakfast bar overlooking the dining room. With walls of glass to view the water, the living room has a gas fireplace with mantel and integral built-ins for electronics. Additional features include: primary bedroom with private entrance; air conditioning; One car parking space in the oversized garage; laundry in garage. Located in the idyllic area of the Peninsula where views and proximity to the Bay and Ocean is evident. Adjacent to the Newport Harbor Yacht Club live the Newport Beach Lifestyle with nearby surfing, paddle-boarding, sailing, dining and world-class beaches are at your fingertips.

  • February, 2023

  • Feb 10, 2023

    Date

    Canceled

    CRMLS: NP23021528

    $7,300

    Price

  • Feb 7, 2023

    Date

    Active

    CRMLS: NP23021528

    $7,300

    Price

  • Listing provided courtesy of CRMLS

    Tenant has decided to stay in place.

  • May, 2022

  • May 28, 2022

    Date

    Leased

    CRMLS: NP22090631

    $6,300

    Price

  • May 3, 2022

    Date

    Active

    CRMLS: NP22090631

    $7,300

    Price

  • Listing provided courtesy of CRMLS

    Immaculate, 3 bedroom 2 bath, top floor condo with exclusive use of the roof top deck.

  • May, 2022

  • May 10, 2022

    Date

    Leased

    CRMLS: NP22090592

    $4,300

    Price

  • May 3, 2022

    Date

    Active

    CRMLS: NP22090592

    $4,300

    Price

  • Listing provided courtesy of CRMLS

    Immaculate main level 2 bedroom, 1 bath condo with exclusive use of the large front patio.

  • March, 2022

  • Mar 28, 2022

    Date

    Sold

    CRMLS: NP22044886

    $3,650,000

    Price

  • Mar 15, 2022

    Date

    Active

    CRMLS: NP22044886

    $3,695,000

    Price

  • September, 2021

  • Sep 2, 2021

    Date

    Canceled

    CRMLS: NP21183899

    $2,950,000

    Price

  • Aug 19, 2021

    Date

    Active

    CRMLS: NP21183899

    $2,950,000

    Price

  • Listing provided courtesy of CRMLS

  • May, 2020

  • May 1, 2020

    Date

    Expired

    CRMLS: NP20000745

    $3,500

    Price

  • Jan 11, 2020

    Date

    Withdrawn

    CRMLS: NP20000745

    $3,500

    Price

  • Jan 2, 2020

    Date

    Active

    CRMLS: NP20000745

    $3,500

    Price

  • Listing provided courtesy of CRMLS

    Remodeled Two Bedroom/One Bath lower unit with a small one car garage and shared laundry facility with upstairs tenant.

  • August, 2002

  • Aug 29, 2002

    Date

    Sold (Public Records)

    Public Records

    $805,000

    Price

Show More

Tax History for 203 8Th St

Assessed Value (2020): $1,050,700
Year Land Value Improved Value Assessed Value
2020 $924,616 $126,084 $1,050,700

Home Value Compared to the Market

This property vs the competition

203 8Th St sold on March 28, 2022 for 40.71% 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 $1510.63 per/sqft which puts the price per square foot 40.79% higher than the current median sale per square foot for the city of Newport Beach.

About 203 8Th St

Detailed summary of property

203 8Th St is a multi family that recently sold in Newport Beach, CA 92661. This multi family property offered 5 bedrooms, 3 bathrooms, roughly 2,446 living square feet, and sits on an approximately 2,396 square foot lot. 203 8Th St was first listed on ArdentRealEstateGroup.com on March 7, 2022. The homeowner sold the property for $3,650,000. 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 40.71% higher than the current median priced home. Local homes that are currently for sale include 210 Grant St, 205 Huntington St and 206 Chicago Ave. While the average home in Newport Beach, CA is selling in 76 days, 203 8Th St has a days on market of 1 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 203 8Th St 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 203 8Th St

Public county record property details
Beds
--
Baths
--
Year built
1965
Sq. Ft.
2,446
Lot Size
2,102
Stories
2
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
1
APN
047-274-22

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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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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