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4005 Seashore, Newport Beach, CA 92663
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4005 Seashore Newport Beach, CA 92663

$11,695,000
  • 8 Beds
  • 5 Baths
  • 3,032 Sq.Ft.
For Sale
$11,695,000 Get Pre-Qualified
Map preview of 4005 Seashore, Newport Beach, CA 92663

Property Overview: 4005 Seashore Newport Beach, CA has 8 bedrooms, 5 bathrooms, 3,032 living square feet and 2,490 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Featuring TWO highly coveted SHORT TERM RENTAL PERMITS, this oceanfront duplex in Newport Beach offers exceptional income opportunities on the coast of Southern California. Located directly on the beach with no boardwalk between the property and the sand, the two-story design welcomes stunning ocean, beach and shoreline views from both levels. The lower-level residence features three bedrooms and 2 baths, while the second-floor unit boasts five bedrooms and 3 baths. Guests will enjoy walking out to a large beachfront patio downstairs and a spacious ocean-view deck on the top floor. Both units are open and bright, and they showcase upgrades including wood-look wide-plank tile flooring, crown molding and granite bath surrounds. Fashionable kitchens display quartz countertops, peninsulas with waterfall-style edges, stainless steel appliances and white Shaker cabinetry. Property also comes with coastal approved plans for a third floor roof deck addition. The duplex’s outstanding location is destined to be a big attraction for short-term renters. Not only is it directly on the sand, it is close to Lido Marina Village, Fashion Island, golf, parks and world-famous surf spots.

Listed by Tara McNabb | BRE #01871729 | Compass
Co-listed by Gizelle Sieber | BRE #01958505 | Coldwell Banker Realty
Last checked: 12 minutes ago | Last updated: May 2nd, 2024 | Source CRMLS | DOM: 14
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Home details

Lot Sq. Ft
2,490
HOA Dues
$0/mo
Year built
1963
Garage
2 Car
Property Type:
Duplex
Status
Active
MLS#
OC24076294
City
Newport Beach
County
Orange
Time on Site
14 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: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $350,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $200,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.57%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $550,000
  • Net Operating Income: $300,000
  • Gross Operating Income: $550,000
Annual Expense Breakdown
  • Total Operating Expense: $250,000
  • Electric: $7,600
  • Gas/Fuel: $800
  • New Taxes: $117,000
  • Trash: $600
  • Cable TV: $1,200
  • Insurance: $5,000
  • Maintenance: $6,000
  • Professional Management: $110,000
  • Water/Sewer: $1,800

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Property Details for 4005 Seashore

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • In Garage
Fireplace Information
  • Has Fireplace
  • Family Room
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
  • Gas Range, Refrigerator
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
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
  • Accessibility Features: Parking
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: Balboa Peninsula (Commercial) (BPCD)
  • Directions: 40th to Seashore
Neighborhood Information
  • Community Features: Watersports
View more facts & features

Local Newport Beach Agent

Sale History for 4005 Seashore

View property's historical transactions

  • April, 2024

  • Apr 18, 2024

    Date

    Active

    CRMLS: OC24076294

    $11,695,000

    Price

Tax History for 4005 Seashore

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

4005 Seashore is listed 172.05% higher than the median list price for the city of Newport Beach which has a median list price of $4,298,800. The median price per/sqft for Newport Beach is $1,506 and this home is listed at $3857.19 per/sqft which puts the price per square foot 156.12% higher than the median price per square foot for the city of Newport Beach.

About 4005 Seashore

Detailed summary of property

4005 Seashore is a duplex located in Newport Beach, CA 92663 and is currently for sale. This duplex offers 8 bedrooms, 5 bathrooms, roughly 3,032 living square feet, and sits on an approximately 2,490 square foot lot. 4005 Seashore was first listed on ArdentRealEstateGroup.com on April 18, 2024. The homeowner is currently asking $11,695,000. The median priced home in Newport Beach is $4,298,800 with a median price per square foot of $1,506. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is listed 172.05% higher than the median priced home. Local competing homes currently for sale include 1920 S Robertson Blvd, 1318 N Mansfield Ave and 1215 N Sycamore Ave. While the average home in Newport Beach, CA is selling in 74 days, 4005 Seashore has a days on market of 14 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 4005 Seashore 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 4005 Seashore

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

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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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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