Search
205 42Nd St, Newport Beach, CA 92663
View Photos

205 42Nd St Newport Beach, CA 92663

$1,670,000 Sold Price as of 10/29/2020
  • 4 Beds
  • 2 Baths
  • 1,552 Sq.Ft.
Sold
$1,670,000 Sold Price as of 10/29/2020 Refinance Your Mortgage
Map preview of 205 42Nd St, Newport Beach, CA 92663

Property Overview: 205 42Nd St Newport Beach, CA has 4 bedrooms, 2 bathrooms, 1,552 living square feet and 2,613 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This Newport Beach Peninsula Property and 'A' Location Duplex is located in the high demand rental area of Newport Beach. The asset consists of 100% two bedroom units located on a corner lot, across from the street from the ocean. The front unit on the main floor is nearly 900 sq ft and includes a spacious, private front patio area that’s ideal for entertaining. The top unit features a private balcony, provides some ocean views and sprawls out at nearly 700 sq ft. The property has 1 two-car garage, where there are washer and dryer hookups for the tenants and the property is separately metered for gas and electric. Largely in part of the tenant profile, the property has been very well maintained and consequently shows very well. One Unit was built in 1947, and the other unit was added in 2002. This property is in an excellent central Newport Beach location. 42nd St is located in the ideal location on the Newport Beach Peninsula. Since the property is located on the other side of Balboa Boulevard, tenants can easily enjoy the proximity of the beach without any of the commotion. Given the strength of the overall apartment market within the city of Newport Beach, the property offers an investor the ability to capture quality tenants seeking a great neighborhood with convenient access to a wide variety of activities, transportation and retail amenities. Rents are below market.

Listed by Mark Bridge | BRE #01316702 | Mark Bridge, Broker
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 54

Home details

Lot Sq. Ft
2,613
HOA Dues
$0/mo
Year built
1947
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC20169375
City
Newport Beach
County
Orange
Time on Site
1354 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: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,325
  • Total Rent: $2,325
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,925
  • Total Rent: $2,925
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $63,000
  • Net Operating Income: $36,537
  • Gross Operating Income: $61,110
  • Gross Spendable Income: $36,537
  • Laundry Income: $0
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $24,537
  • Electric: $80
  • Gas/Fuel: $600
  • New Taxes: $19,453
  • Trash: $270
  • Insurance: $2,100
  • Maintenance: $1,500
  • Water/Sewer: $570

Property Details for 205 42Nd St

Interior Features
Heating Information
  • Has Heating
  • Natural Gas
Laundry Information
  • Has Laundry
  • Dryer Included, Washer Included
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Has Fence
  • Brick
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: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Ocean
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 42329608
  • Year Built Source: Assessor
  • Property is Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: South CA-55 Freeway, Right on PCH, Left on Balboa Blvd, Left on 42nd St
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Gutters, Park, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Newport Beach Agent

Sale History for 205 42Nd St

Last sold for $1,670,000 on October 29th, 2020

  • October, 2020

  • Oct 30, 2020

    Date

    Sold

    CRMLS: OC20169375

    $1,670,000

    Price

  • Oct 12, 2020

    Date

    Pending

    CRMLS: OC20169375

    $1,775,000

    Price

  • Aug 19, 2020

    Date

    Active

    CRMLS: OC20169375

    $1,775,000

    Price

  • October, 2020

  • Oct 26, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,670,000

    Price

  • August, 2020

  • Aug 16, 2020

    Date

    Expired

    CRMLS: OC20019714

    $1,800,000

    Price

  • May 16, 2020

    Date

    Active

    CRMLS: OC20019714

    $1,800,000

    Price

  • Apr 9, 2020

    Date

    Withdrawn

    CRMLS: OC20019714

    $1,800,000

    Price

  • Mar 16, 2020

    Date

    Price Change

    CRMLS: OC20019714

    $1,800,000

    Price

  • Jan 30, 2020

    Date

    Active

    CRMLS: OC20019714

    $1,960,000

    Price

  • Listing provided courtesy of CRMLS

    This Legacy Property and 'A' Location Duplex is located in Newport Beach, California. The asset consists of 100% two-bed and one-bath units located on a corner lot, across from the street from the ocean. The front unit on the main floor is nearly 900 sq ft and includes a spacious, private front patio area that’s ideal for entertaining. The top unit features a private balcony, provides some ocean views and sprawls out at nearly 700 sq ft. The property has 1 two-car garage, where there are washer and dryer hookups for the tenants and the property is separately metered for gas and electric. Largely in part of the tenant profile, the property has been very well maintained and consequently shows very well. One Unit was built in 1947, and the other unit was added in 2002. This property is in an excellent central Newport Beach location. 42nd St is located in the ideal location on the Newport Beach Peninsula. Since the property is located on the other side of Balboa Boulevard, tenants can easily enjoy the proximity of the beach without any of the commotion. Given the strength of the overall apartment market within the city of Newport Beach, the property offers an investor the ability to capture quality tenants seeking a great neighborhood with convenient access to a wide variety of activities, transportation and retail amenities. A Buyer can move into 1 unit according to AB 1482 and ask tenant to leave. Rents are below market.

Show More

Tax History for 205 42Nd St

Assessed Value (2020): $271,451
Year Land Value Improved Value Assessed Value
2020 $70,657 $200,794 $271,451

Home Value Compared to the Market

This property vs the competition

205 42Nd St sold on October 29, 2020 for 52.03% lower than the current median sold price for the city of Newport Beach which is $3,700,000. The median sold price per/sqft for Newport Beach is $1,360 and this home is sold at $1143.69 per/sqft which puts the price per square foot 15.91% lower than the current median sale per square foot for the city of Newport Beach.

About 205 42Nd St

Detailed summary of property

205 42Nd St is a multi family that recently sold in Newport Beach, CA 92663. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,552 living square feet, and sits on an approximately 2,613 square foot lot. 205 42Nd St was first listed on ArdentRealEstateGroup.com on August 19, 2020. The homeowner sold the property for $1,670,000. Home in Newport Beach are selling for a median price of $3,700,000 and a median price per square foot of $1,360. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is sold 52.03% lower than the current median priced home. Local homes that are currently for sale include 357 Mermaid St, 2112 S Cindy Pl and 2066 S Haster St. While the average home in Newport Beach, CA is selling in 74 days, 205 42Nd St has a days on market of 54 days. There are currently 269 homes for sale in the Newport Beach real estate market and 201 of them are single family homes while 55 of them are condos and 13 are townhomes. For more information on this home for sale at 205 42Nd St 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 205 42Nd St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
2,486
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
12
APN
423-296-08

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
$4,299,000
Median List Price/Sq.Ft.
$1,509
Median Sold Price
$3,700,000
Median Sold Price/Sq.Ft.
$1,494
Total Inventory
86
Median Sale to List Price %
105.87%
Avg Days on Market
21
Loan Type
Conventional (17.65%), FHA (0%), VA (0%), Cash (47.06%), Other (35.29%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 205 42Nd St

Nearby Homes for Sale

Open Today 11am-2pm
2097 Wallace Ave, Costa Mesa, CA 92627
$1,850,000
6 Beds
3 Baths
2344 Sq.Ft.
2097 Wallace Ave
Costa Mesa, CA 92627
251 Costa Mesa St, Costa Mesa, CA 92627
$1,990,000
6 Beds
3 Baths
2110 Sq.Ft.
251 Costa Mesa St
Costa Mesa, CA 92627
1544 Orchard Dr, Newport Beach, CA 92660
$1,595,000
5 Beds
2 Baths
1592 Sq.Ft.
1544 Orchard Dr
Newport Beach, CA 92660
1554 Orchard Dr, Newport Beach, CA 92660
$1,595,000
3 Beds
2 Baths
1592 Sq.Ft.
1554 Orchard Dr
Newport Beach, CA 92660
715 California, Huntington Beach, CA 92648
$1,589,000
4 Beds
2 Baths
1600 Sq.Ft.
715 California
Huntington Beach, CA 92648
1214 California St, Huntington Beach, CA 92648
$1,650,000
4 Beds
4 Baths
2582 Sq.Ft.
1214 California St
Huntington Beach, CA 92648
8402 Slater Ave, Huntington Beach, CA 92647
$1,340,000
4 Beds
2 Baths
2214 Sq.Ft.
8402 Slater Ave
Huntington Beach, CA 92647
16426 San Jacinto Street, Fountain Valley, CA 92708
$1,750,000
7 Beds
3 Baths
3185 Sq.Ft.
16426 San Jacinto Street
Fountain Valley, CA 92708
4981 Pearce Dr, Huntington Beach, CA 92649
$1,589,000
4 Beds
3 Baths
2822 Sq.Ft.
4981 Pearce Dr
Huntington Beach, CA 92649
7161 Main St, Westminster, CA 92683
$1,500,000
9 Beds
3 Baths
2460 Sq.Ft.
7161 Main St
Westminster, CA 92683
17061 Whitby Cir, Tustin, CA 92780
$1,765,000
8 Beds
5 Baths
4375 Sq.Ft.
17061 Whitby Cir
Tustin, CA 92780
357 Mermaid St, Laguna Beach, CA 92651
$1,745,000
2 Beds
2 Baths
881 Sq.Ft.
357 Mermaid St
Laguna Beach, CA 92651

Recently Sold Homes Near 205 42Nd St

121 42nd St, Newport Beach, CA 92663
$2,695,000 Last Sold Price
7 Beds
4 Baths
2748 Sq.Ft.
121 42nd St
Newport Beach, CA 92663
124 41St St, Newport Beach, CA 92663
$1,980,000 Last Sold Price
-- Beds
0 Baths
-- Sq.Ft.
124 41St St
Newport Beach, CA 92663
114 42nd St, Newport Beach, CA 92663
$2,995,000 Last Sold Price
5 Beds
3 Baths
1720 Sq.Ft.
114 42nd St
Newport Beach, CA 92663
115 42nd St, Newport Beach, CA 92663
$2,650,000 Last Sold Price
6 Beds
4 Baths
2604 Sq.Ft.
115 42nd St
Newport Beach, CA 92663

Related Resources to 205 42Nd St

New Listings in 92663
Popular Zip Codes
Popular Cities
Other Newport Beach Resources

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.

Refi Quote