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209 David Dr, Newport Beach, CA 92663
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209 David Dr Newport Beach, CA 92663

$2,188,000 Sold Price as of 08/13/2021
  • 6 Beds
  • 5 Baths
  • 2,150 Sq.Ft.
Sold
$2,188,000 Sold Price as of 08/13/2021 Refinance Your Mortgage
Map preview of 209 David Dr, Newport Beach, CA 92663

Property Overview: 209 David Dr Newport Beach, CA has 6 bedrooms, 5 bathrooms, 2,150 living square feet and 3,141 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Three unit Coastal income property opportunity. Ideally located directly adjacent to Newport Shores, only a few hundred yards from the Pacific Ocean and the sandy beaches of Newport. This unique property was a duplex that has been converted into 2 condominiums with 2 separate APNs. In addition, there is a bonus space on the lower level with a separate entrance, kitchenette and bathroom. The property currently generates monthly income of $9,150. The upstairs unit, known as "Unit B", was renovated down to the studs in 2012 and offers 3 bedrooms and 2 bathrooms along with a spacious front and back deck with views of the canal and wetlands. Upgrades include vaulted ceilings with great natural light, Carrara marble countertops, a large kitchen island, marble bathroom tile, recessed lighting, whole house audio system, new insulation, new HVAC and new plumbing throughout. The downstairs unit, known as “Unit A”, was extensively renovated and has 2 bedrooms and 2 bathrooms with a private patio with built-in BBQ. Upgrades include large granite kitchen island, custom cabinetry, wood floors, recessed lighting, wood shutters, stainless steel appliances, and custom closets. The bonus additional downstairs space, known as “Unit C” and which is part of Unit B, is a studio with full kitchenette and private bathroom. The property also has leased Tesla solar panels. Each unit has its own washer and dryer. There are 2 garage spots and a carport. As of May 2021, the adjacent 401 acres of Banning Ranch are under contract to be purchased by "The Trust for Public Land" which intends on turning the ranch into a public park. PLEASE DO NOT DISTURB THE TENANTS!

Listed by Carter Kaufman | BRE #01968622 | Compass
Last checked: 54 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 28

Home details

Lot Sq. Ft
3,141
HOA Dues
$0/mo
Year built
1976
Garage
2 Car
Property Type:
Duplex
Status
Sold
MLS#
OC21138705
City
Newport Beach
County
Orange
Time on Site
1046 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
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: $4,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $3,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $117,000
  • Net Operating Income: $89,080
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $27,920
  • Electric: $2,886
  • Gas/Fuel: $300
  • Trash: $0
  • Gardener: $600
  • Insurance: $2,640
  • Maintenance: $2,500
  • Water/Sewer: $1,621

Property Details for 209 David Dr

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Dryer Included, Washer Included
Fireplace Information
  • Has Fireplace
  • Living Room, Wood Burning
Room Information
  • Flooring: Wood
  • Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Barbecue, Dishwasher, Microwave, Refrigerator
Interior Features
  • Beamed Ceilings, Ceiling Fan(s), Granite Counters, High Ceilings, Living Room Deck Attached, Open Floorplan
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: Rectangular Lot, Paved
  • Lot Size Source: Estimated
  • Common Interest: Condominium
Property Information
  • Has View
  • View: Back Bay, Canal, Peek-A-Boo
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 93972016
  • Year Built Source: Public Records
  • Property is Attached
  • Accessibility Features: Parking
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Name: 209 David Drive
  • Association Amenities: Other
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments, Sewer Assessments
Location / Neighborhood
Location Information
  • Subdivision Name: Newport Shores (NEWS)
  • Directions: From PCH, Turn on Highland, Left on David
Neighborhood Information
  • Community Features: Biking, Watersports
View more facts & features

Local Newport Beach Agent

Sale History for 209 David Dr

Last sold for $2,188,000 on August 13th, 2021

  • August, 2021

  • Aug 15, 2021

    Date

    Sold

    CRMLS: OC21138705

    $2,188,000

    Price

  • Aug 6, 2021

    Date

    Pending

    CRMLS: OC21138705

    $2,249,000

    Price

  • Jul 27, 2021

    Date

    Active Under Contract

    CRMLS: OC21138705

    $2,249,000

    Price

  • Jun 28, 2021

    Date

    Active

    CRMLS: OC21138705

    $2,249,000

    Price

  • March, 2021

  • Mar 30, 2021

    Date

    Canceled

    CRMLS: OC21046891

    $2,250,000

    Price

  • Mar 30, 2021

    Date

    Withdrawn

    CRMLS: OC21046891

    $2,250,000

    Price

  • Mar 6, 2021

    Date

    Active

    CRMLS: OC21046891

    $2,250,000

    Price

  • Listing provided courtesy of CRMLS

    Investment opportunity! Welcome to 209 David Drive, exclusively located along the charming seaside enclave of Newport Shores just a stone's throw from the sandy beaches of Newport. This unique property was a duplex that has been converted into 2 condominiums with 2 separate APNs. In addition, there is a bonus room on the lower level with a bath and its own entrance. The property can generate rent of $9,000/mo.! The upstairs unit, known as "Unit B", was renovated down to the studs in 2012 and offers 3 bedrooms and 2 bathrooms along with a spacious front and back deck with views of the canal and wetlands. Upgrades include vaulted ceilings with great natural light, Carrara marble features and custom finishes throughout, large island kitchen, marble bathroom tile, recessed lighting, whole house audio system, new insulation, new HVAC and new plumbing throughout. The downstairs unit, known as “Unit A”, was extensively renovated and offers 2 bedrooms and 2 bathrooms with a private patio with a built-in BBQ. Upgrades include large granite kitchen island, custom cabinetry, wood floors, recessed lighting, wood shutters, stainless steel appliances, and custom closets. The bonus additional downstairs room, known as “Unit C” and which is part of Unit B, is a studio with full kitchenette and private bathroom. Each unit has its own washer and dryer. There are 2 garage spots and a carport. DO NOT DISTURB THE TENANTS!

  • March, 2021

  • Mar 6, 2021

    Date

    Canceled

    CRMLS: OC21011868

    $2,250,000

    Price

  • Feb 22, 2021

    Date

    Pending

    CRMLS: OC21011868

    $2,250,000

    Price

  • Feb 10, 2021

    Date

    Active

    CRMLS: OC21011868

    $2,250,000

    Price

  • Jan 20, 2021

    Date

    Coming Soon

    CRMLS: OC21011868

    $2,250,000

    Price

  • Listing provided courtesy of CRMLS

    Investment opportunity! Welcome to 209 David Drive, exclusively located along the charming seaside enclave of Newport Shores just a stone's throw from the sandy beaches of Newport. This unique property was a duplex that has been converted into 2 condominiums with 2 separate APNs, but has 3 units which can generate total rent of $9,000/mo.! The upstairs unit, known as "Unit B", was renovated down to the studs in 2012 and offers 3 bedrooms and 2 bathrooms along with a spacious front and back deck with views of the canal and wetlands. Upgrades include vaulted ceilings with great natural light, Carrara marble features and custom finishes throughout, large island kitchen, marble bathroom tile, recessed lighting, whole house audio system, new insulation, new HVAC and new plumbing throughout. The downstairs unit, known as “Unit A”, was extensively renovated and offers 2 bedrooms and 2 bathrooms with a private patio with a built-in BBQ. Upgrades include large granite kitchen island, custom cabinetry, wood floors, recessed lighting, wood shutters, stainless steel appliances, and custom closets. The additional downstairs unit, known as “Unit C”, is a studio unit with full kitchenette and private bathroom. Each unit has its own washer and dryer. There are 2 garage spots and a carport. Please contact the listing agent to schedule a time to see the property. DO NOT DISTURB THE TENANTS!

  • October, 2020

  • Oct 31, 2020

    Date

    Leased

    CRMLS: OC20207774

    $3,200

    Price

  • Oct 19, 2020

    Date

    Price Change

    CRMLS: OC20207774

    $3,200

    Price

  • Oct 17, 2020

    Date

    Active

    CRMLS: OC20207774

    $3,300

    Price

  • Listing provided courtesy of CRMLS

    Exclusively located along the charming seaside enclave of Newport Shores, this duplex is just a stone's throw from the sandy beaches of Newport Beach. This unit features custom cabinetry, granite countertops, hardwood floors, window treatments, and stainless steel appliances - including a new washer and dryer. The unit also features an outdoor patio with a BBQ, and single garage space with storage. This well-maintained beach side duplex provides the ideal beach lifestyle that exemplifies Newport Beach.

  • September, 2005

  • Sep 1, 2005

    Date

    Sold (Public Records)

    Public Records

    $619,000

    Price

Show More

Tax History for 209 David Dr

Assessed Value (2020): $705,044
Year Land Value Improved Value Assessed Value
2020 $608,176 $96,868 $705,044

Home Value Compared to the Market

This property vs the competition

209 David Dr sold on August 13, 2021 for 39.22% 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 $1046.05 per/sqft which puts the price per square foot 23.08% lower than the current median sale per square foot for the city of Newport Beach.

About 209 David Dr

Detailed summary of property

209 David Dr is a duplex that recently sold in Newport Beach, CA 92663. This duplex offered 6 bedrooms, 5 bathrooms, roughly 2,150 living square feet, and sits on an approximately 3,141 square foot lot. 209 David Dr was first listed on ArdentRealEstateGroup.com on June 28, 2021. The homeowner sold the property for $2,188,000. 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 39.22% 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 73 days, 209 David Dr has a days on market of 28 days. There are currently 283 homes for sale in the Newport Beach real estate market and 213 of them are single family homes while 58 of them are condos and 12 are townhomes. For more information on this home for sale at 209 David Dr 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 209 David Dr

Public county record property details
Beds
2
Baths
3
Year built
1975
Sq. Ft.
922
Lot Size
--
Stories
--
Type
Condominium Unit (Residential)
Pool
No
Spa
No
County
Orange
Lot#
--
APN
939-720-16

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.
$1,557
Median Sold Price
$3,700,000
Median Sold Price/Sq.Ft.
$1,494
Total Inventory
91
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?

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(714) 706-1823

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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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