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400 E Oceanfront, Newport Beach, CA 92661
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400 E Oceanfront Newport Beach, CA 92661

$5,200,000 Sold Price as of 04/20/2021
  • 7 Beds
  • 6 Baths
  • 3,166 Sq.Ft.
Sold
$5,200,000 Sold Price as of 04/20/2021 Refinance Your Mortgage
Map preview of 400 E Oceanfront, Newport Beach, CA 92661

Property Overview: 400 E Oceanfront Newport Beach, CA has 7 bedrooms, 6 bathrooms, 3,166 living square feet and 2,946 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to Casa al Mare! Incredible attention to detail is the only way to describe this unique California Modern oceanfront Triplex located between the Newport and Balboa Piers in one of Southern California's most desired stretch of shoreline in Newport Beach. This meticulously restored and maintained investment property by interior designer Ron Gucciardo comes 'fully-furnished' and includes such luxury brand names as Viking, Tommy Bahama, and Calvin Klein. Enjoy living in one of these luxurious units and renting out the other 2 units. Stunning Pacific Ocean, Catalina, and Sunset views.Stackable washers and dryers are included in each unit and the immaculate 3 car garage contains a separate laundry room to handle weekly or monthly turnover of rental units. The garage also houses 3 Noritz tankless water heaters, one for each unit, as well as a Life Source Water Filtration System to provide filtered water for the entire property. Finally, each unit also comes with a Viking Stainless Steel Barbeque for outdoor use.Just minutes from the Balboa Island Ferry, Fun Zone, the Wedge and world-class shopping and dining. Also located steps away from public parking to accommodate guests. The property is situated on a corner lot, with easy access to and from the property on a wide access walkway. Pro-forma gross income of $431K for all 3 units and net operating income of $251K (4.38% cap rate). Visit www.400oceanfront.com for more info.

Listed by Richard Marquis | BRE #01268532 | Secured Realty Group
Last checked: 11 minutes ago | Last updated: September 29th, 2021 | Source CRMLS | DOM: 185

Home details

Lot Sq. Ft
2,946
HOA Dues
$0/mo
Year built
1972
Garage
3 Car
Property Type:
Triplex
Status
Sold
MLS#
P1-1051
City
Newport Beach
County
Orange
Time on Site
1341 days

Virtual Tour

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Property Details for 400 E Oceanfront

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Fireplace(s), Forced Air
Laundry Information
  • Has Laundry
  • Dryer Included, In Closet, In Garage, Stackable, Washer Included
Fireplace Information
  • Has Fireplace
  • Gas, Living Room, Masonry, Raised Hearth
Room Information
  • Eating Area: Area, Breakfast Counter / Bar, In Family Room
  • Flooring: Carpet, Stone, Tile
  • Family Room, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite
Kitchen Information
  • Has Appliances
  • Barbecue, Dishwasher, Free-Standing Range, Freezer, Gas Range, Ice Maker, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Water Purifier
  • Granite Counters, Kitchen Island, Kitchen Open to Family Room, Remodeled Kitchen, Stone Counters, Tile Counters
Bathroom Information
  • # of Baths (Full): 6
  • # of Baths (1/2): 0
  • # of Baths (1/4): 0
  • # of Baths (3/4): 0
Interior Features
  • Balcony, Beamed Ceilings, Built-in Features, Ceramic Counters, Crown Molding, Furnished, Granite Counters, High Ceilings, Living Room Balcony, Open Floorplan, Recessed Lighting, Stone Counters, Tile Counters, Wired for Data
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • No Fence
  • None
  • No Spa
  • Spa Features: None
  • No Sprinklers
Exterior Features
  • Has Patio
  • No Pool
  • Pool Features: None
  • Deck, Patio, Patio Open, Tile
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • No
  • Parking Features: None
  • Has Attached Garage
Lot Information
  • Lot Features: Corner Lot, Rectangular Lot, Sprinklers None
  • Common Interest: None
Property Information
  • Has View
  • View: Catalina, Coastline, Ocean, Panoramic, Pier, Water
  • Common Walls: No Common Walls
  • Parcel Number: 04812119
  • Architectural Style: Modern
  • Property is not Attached
  • Offered With Property: All furnishings included
  • Property Condition: Turnkey, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Schools
School Information
  • High School District: Newport Mesa Unified
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential)
  • Other Subdivision Name: Other
Neighborhood Information
  • Community Features: Biking, Fishing, Sidewalks, Watersports
View more facts & features

Local Newport Beach Agent

Sale History for 400 E Oceanfront

Last sold for $5,200,000 on April 20th, 2021

  • April, 2021

  • Apr 21, 2021

    Date

    Sold

    CRMLS: P1-1051

    $5,200,000

    Price

  • Apr 15, 2021

    Date

    Pending

    CRMLS: P1-1051

    $5,750,000

    Price

  • Mar 14, 2021

    Date

    Active Under Contract

    CRMLS: P1-1051

    $5,750,000

    Price

  • Jan 5, 2021

    Date

    Active

    CRMLS: P1-1051

    $5,750,000

    Price

  • Jan 1, 2021

    Date

    Expired

    CRMLS: P1-1051

    $5,750,000

    Price

  • Dec 7, 2020

    Date

    Price Change

    CRMLS: P1-1051

    $5,750,000

    Price

  • Nov 20, 2020

    Date

    Active

    CRMLS: P1-1051

    $5,995,000

    Price

  • Nov 19, 2020

    Date

    Active Under Contract

    CRMLS: P1-1051

    $5,995,000

    Price

  • Sep 1, 2020

    Date

    Active

    CRMLS: P1-1051

    $5,995,000

    Price

  • February, 1994

  • Feb 24, 1994

    Date

    Sold (Public Records)

    Public Records

    $177,500

    Price

Show More

Tax History for 400 E Oceanfront

Assessed Value (2020): $1,330,602
Year Land Value Improved Value Assessed Value
2020 $1,117,706 $212,896 $1,330,602

Home Value Compared to the Market

This property vs the competition

400 E Oceanfront sold on April 20, 2021 for 55.41% higher 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 $1816.17 per/sqft which puts the price per square foot 33.54% higher than the current median sale per square foot for the city of Newport Beach.

About 400 E Oceanfront

Detailed summary of property

400 E Oceanfront is a triplex that recently sold in Newport Beach, CA 92661. This triplex offered 7 bedrooms, 6 bathrooms, roughly 3,166 living square feet, and sits on an approximately 2,946 square foot lot. 400 E Oceanfront was first listed on ArdentRealEstateGroup.com on September 1, 2020. The homeowner sold the property for $5,200,000. 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 55.41% higher than the current median priced home. Local homes that are currently for sale include 1012 & 1018 Mission Dr, 246 Fairview St and 246 Fairview St. While the average home in Newport Beach, CA is selling in 74 days, 400 E Oceanfront has a days on market of 185 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 400 E Oceanfront 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 400 E Oceanfront

Public county record property details
Beds
--
Baths
--
Year built
1972
Sq. Ft.
3,166
Lot Size
2,946
Stories
2
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
11
APN
048-121-19

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
$6,750,000
Median List Price/Sq.Ft.
$2,241
Median Sold Price
$4,625,000
Median Sold Price/Sq.Ft.
$1,741
Total Inventory
45
Median Sale to List Price %
92.59%
Avg Days on Market
69
Loan Type
Conventional (12.5%), FHA (0%), VA (0%), Cash (37.5%), Other (37.5%)

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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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