208 Lugonia St, Newport Beach, CA 92663
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208 Lugonia St Newport Beach, CA 92663

$2,225,000 Sold Price as of 11/20/2023
  • 6 Beds
  • 4 Baths
  • 2,388 Sq.Ft.
Sold
$2,225,000 Sold Price as of 11/20/2023 Refinance Your Mortgage

Map preview of 208 Lugonia St, Newport Beach, CA 92663

Property Overview: 208 Lugonia St Newport Beach, CA has 6 bedrooms, 4 bathrooms, 2,388 living square feet and 2,614 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Newport Beach Duplex opportunity! Nestled in the heart of one of Southern California's most coveted coastal communities - "Newport Shores". This Duplex represents one of the best values in Newport Beach. It boasts two impeccably designed units that offer incredible investment potential. Both units are 3 bedrooms / 2 bathrooms. This property has a 3-car garage with shared laundry in the garage. A brand new exterior paint job was just completed last month. Both units have large open floor plans making them easy units to keep rented. They feel light, bright, and open... with plenty of natural light and the perfect ocean breeze. This property has been well-maintained and professionally managed for years. Lower Unit (A): 3 bed / 2 bath. Older finishes. Currently rented at $3,100 / month – Lease is month to month (rent is reviewed and increased every May). Upper Unit (B): 3 bed / 2 bath. Fully remodeled just a couple of years ago. Currently rented at $4,200 / month – Lease expires 7/31/24. This is a terrific opportunity to invest in a fully occupied duplex property in the highly-desired "Newport Shores" neighborhood. Your Tenants will enjoy living the Southern California lifestyle near beaches, surfing, paddleboarding, boating, and biking. The seller is also selling two other Duplex Properties at the same time. [210 Lugonia Street (MLS# OC23189784) and 209 Walnut Street (MLS# OC23189780)]. These three duplex properties can be purchased together or separately.

Listed by Larry Birnbaum | BRE #01363487 | LMB Enterprises
Last checked: 16 minutes ago | Last updated: November 21st, 2023 | Source CRMLS | DOM: 4

Home details

Lot Sq. Ft
2,614
HOA Dues
$0/mo
Year built
1972
Garage
3 Car
Property Type:
Duplex
Status
Sold
MLS#
OC23189782
City
Newport Beach
County
Orange
Time on Site
202 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: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,200
  • Total Rent: $4,200
  • Pro Forma/Market Rent: $4,350
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,100
  • Total Rent: $3,100
  • Pro Forma/Market Rent: $4,350
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $87,600
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 208 Lugonia St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • In Garage
Fireplace Information
  • No Fireplace
  • None
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: 3
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 04508206
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Newport Shores (NEWS)
  • Directions: PCH to Walnut Street. L on Newport Shores Dr. L on Lugonia St.
Neighborhood Information
  • Community Features: Watersports, Sidewalks
View more facts & features

Local Newport Beach Agent

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Sale History for 208 Lugonia St

Last sold for $2,225,000 on November 20th, 2023
  • November, 2023

  • Nov 20, 2023

    Date

    Sold

    CRMLS: OC23189782

    $2,225,000

    Price

  • Oct 16, 2023

    Date

    Active

    CRMLS: OC23189782

    $2,250,000

    Price

Tax History for 208 Lugonia St

Assessed Value (2020): $125,683
Year Land Value Improved Value Assessed Value
2020 $52,787 $72,896 $125,683

Home Value Compared to the Market

This property vs the competition

208 Lugonia St sold on November 20, 2023 for 39.19% 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 $942.21 per/sqft which puts the price per square foot 30.72% lower than the current median sale per square foot for the city of Newport Beach.

About 208 Lugonia St

Detailed summary of property

208 Lugonia St is a duplex that recently sold in Newport Beach, CA 92663. This duplex offered 6 bedrooms, 4 bathrooms, roughly 2,388 living square feet, and sits on an approximately 2,614 square foot lot. 208 Lugonia St was first listed on ArdentRealEstateGroup.com on October 16, 2023. The homeowner sold the property for $2,225,000. 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 39.19% lower than the current median priced home. Local homes that are currently for sale include 246 Walnut St, 150 Cecil Pl and 186 Del Mar Ave. While the average home in Newport Beach, CA is selling in 74 days, 208 Lugonia St has a days on market of 4 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 208 Lugonia 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 208 Lugonia St

Public county record property details
Beds
--
Baths
--
Year built
1972
Sq. Ft.
2,388
Lot Size
2,563
Stories
2
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
10
APN
045-082-06

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%)

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Related Resources to 208 Lugonia St

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.