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405 E Edgewater Ave, Newport Beach, CA 92661
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405 E Edgewater Ave Newport Beach, CA 92661

$7,400,000 Sold Price as of 03/09/2020
  • 8 Beds
  • 6 Baths
  • 4,902 Sq.Ft.
Sold
$7,400,000 Sold Price as of 03/09/2020 Refinance Your Mortgage
Map preview of 405 E Edgewater Ave, Newport Beach, CA 92661

Property Overview: 405 E Edgewater Ave Newport Beach, CA has 8 bedrooms, 6 bathrooms, 4,902 living square feet and 7,128 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: INVESTMENT OPPORTUNITY! Live the beach lifestyle! This prime Balboa Peninsula Bayfront location is situated on a corner lot with 100’ of private white sand beach, a private dock, and 4 large boat slips. 405 Edgewater Avenue presents a rare opportunity to own a property consisting of 4 units, that are perfectly positioned with dramatic views of the bay, Balboa Island and Newport Beach city lights. Sited on a double R2- 7100’ lot with over 4800’ of living space. Consisting of an upstairs master unit, open floor plan, 4/2, second-story loft/bonus room, with floor to ceiling glass and a large front patio. A beautiful 2 bedroom, 2 bath, first-floor unit with a large patio that is three feet from the sand! Attached are 2 large studio units, 3 enclosed attached garages offering parking for 5 cars and 2 outside designated parking spaces. All 4 units have unsurpassed views of the bay, 3 bayfront patios and seating area on the dock is sure to provide extensive outside entertainment and relaxation areas. The quadruplex has recently been remodeled with new hardwood flooring, granite countertops, new or updated kitchens and baths. Experience the finest of coastal living in beautiful Newport Beach with the sand at your doorstep, ocean breezes and world-class amenities just minutes away. Whether you choose to keep one unit for yourself or rent all 4, (short term rental approved) Don't miss this once in a lifetime opportunity! Perfect for 1031.

Listed by Michelle Peschel | BRE #01968673 | Pacific Sotheby's Int'l Realty
Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
7,128
HOA Dues
$0/mo
Year built
1970
Garage
5 Car
Property Type:
Fourplex
Status
Sold
MLS#
NP19283006
City
Newport Beach
County
Orange
Time on Site
1401 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Total Rent: $0
  • Pro Forma/Market Rent: $8,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Total Rent: $0
  • Pro Forma/Market Rent: $6,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
  • Other Income 1: $96,000
  • Other Income Description: 4 boat slips@$2,000 each/month
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 405 E Edgewater Ave

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Common Area, Dryer Included, In Closet, In Garage, Inside, Washer Included
Fireplace Information
  • Has Fireplace
  • Bonus Room, Living Room
Room Information
  • Flooring: Wood
  • Bonus Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom
Interior Features
  • Balcony, Beamed Ceilings, Cathedral Ceiling(s), High Ceilings, Living Room Deck Attached, Open Floorplan, Recessed Lighting
  • Levels: Two
  • Window Features: Bay Window(s), Blinds, Plantation Shutters, Screens
Exterior Features
Exterior Information
  • Boat Slip, Dock Private, Boat Slip
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Assigned, Direct Garage Access, Garage
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Common Interest: Condominium
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 04811122
  • Year Built Source: Public Records
  • Foundation Details: Slab
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: Going South on Balboa Blvd turn left at Adams (before you get to The Fun Zone)left at Bay, right at Cypress
Neighborhood Information
  • Community Features: Watersports
View more facts & features

Local Newport Beach Agent

Sale History for 405 E Edgewater Ave

Last sold for $7,200,000 on March 9th, 2020

  • March, 2020

  • Mar 10, 2020

    Date

    Sold

    CRMLS: NP19283006

    $7,400,000

    Price

  • Feb 25, 2020

    Date

    Pending

    CRMLS: NP19283006

    $7,995,000

    Price

  • Feb 14, 2020

    Date

    Active Under Contract

    CRMLS: NP19283006

    $7,995,000

    Price

  • Dec 18, 2019

    Date

    Price Change

    CRMLS: NP19283006

    $7,995,000

    Price

  • Dec 18, 2019

    Date

    Active

    CRMLS: NP19283006

    $8,995,000

    Price

  • March, 2020

  • Mar 10, 2020

    Date

    Sold

    CRMLS: NP19282987

    $7,400,000

    Price

  • Feb 25, 2020

    Date

    Pending

    CRMLS: NP19282987

    $7,995,000

    Price

  • Feb 14, 2020

    Date

    Active Under Contract

    CRMLS: NP19282987

    $7,995,000

    Price

  • Dec 18, 2019

    Date

    Price Change

    CRMLS: NP19282987

    $7,995,000

    Price

  • Dec 18, 2019

    Date

    Active

    CRMLS: NP19282987

    $8,995,000

    Price

  • Listing provided courtesy of CRMLS

    Experience the finest of coastal living in beautiful Newport Beach with the sand at your doorstep, ocean breezes and world-class amenities just minutes away. This prime Balboa Peninsula Bayfront location is situated on a corner double lot with 100’ of private white sand beach, a private dock, and 4 large boat slips. 405 Edgewater Avenue presents a rare opportunity to own a family compound consisting of 2 attached homes that are perfectly positioned with dramatic views of the bay, Balboa Island and Newport Beach city lights. Sited on a 7100’ lot with over 4800’ of living space. The compound has recently been remodeled with hardwood flooring and granite countertops throughout. A large 4 bedroom, 2 bath, owners quarters with floor to ceiling glass and a large front patio. A beautiful 2 bedroom, 2 bath mother-in-law quarters below and 2 attached spacious studios for the kids. 3 enclosed attached garages offering parking for 5 cars and 2 outside designated parking spaces. 3 bayfront patios and seating area on the dock is sure to provide extensive outside entertainment and relaxation areas. This exceptional property would be the perfect primary residence, a wonderful beach house, great investment property or an extraordinary family compound. Don’t miss this once in a lifetime opportunity!

  • March, 2020

  • Mar 9, 2020

    Date

    Sold (Public Records)

    Public Records

    $7,200,000

    Price

  • December, 2019

  • Dec 18, 2019

    Date

    Canceled

    CRMLS: NP19167847

    $7,995,000

    Price

  • Dec 13, 2019

    Date

    Active

    CRMLS: NP19167847

    $7,995,000

    Price

  • Dec 12, 2019

    Date

    Canceled

    CRMLS: NP19167847

    $7,995,000

    Price

  • Dec 12, 2019

    Date

    Price Change

    CRMLS: NP19167847

    $7,995,000

    Price

  • Oct 9, 2019

    Date

    Active

    CRMLS: NP19167847

    $8,995,000

    Price

  • Listing provided courtesy of CRMLS

  • December, 2019

  • Dec 17, 2019

    Date

    Canceled

    CRMLS: NP19104546

    $7,995,000

    Price

  • Dec 13, 2019

    Date

    Active

    CRMLS: NP19104546

    $7,995,000

    Price

  • Dec 12, 2019

    Date

    Canceled

    CRMLS: NP19104546

    $7,995,000

    Price

  • Dec 12, 2019

    Date

    Price Change

    CRMLS: NP19104546

    $7,995,000

    Price

  • Jul 17, 2019

    Date

    Active

    CRMLS: NP19104546

    $8,995,000

    Price

  • Listing provided courtesy of CRMLS

    Experience the finest of coastal living in beautiful Newport Beach with the sand at your doorstep, ocean breezes and world-class amenities just minutes away. This prime Balboa Peninsula Bayfront location is situated on a corner double lot with 100’ of private white sand beach, a private dock, and 4 large boat slips. 405 Edgewater Avenue presents a rare opportunity to own a family compound consisting of 2 attached homes that are perfectly positioned with dramatic views of the bay, Balboa Island and Newport Beach city lights. Sited on a 7100’ lot with over 4800’ of living space. The compound has recently been remodeled with hardwood flooring and granite countertops throughout. A large 4 bedroom, 2 bath, owners quarters with floor to ceiling glass and a large front patio. A beautiful 2 bedroom, 2 bath mother-in-law quarters below and 2 attached spacious studios for the kids. 3 enclosed attached garages offering parking for 5 cars and 2 outside designated parking spaces. 3 bayfront patios and seating area on the dock is sure to provide extensive outside entertainment and relaxation areas. This exceptional property would be the perfect primary residence, a wonderful beach house, great investment property or an extraordinary family compound. Don’t miss this once in a lifetime opportunity!

  • December, 2019

  • Dec 13, 2019

    Date

    Active

    CRMLS: NP19280184

    $7,995,000

    Price

  • Listing provided courtesy of CRMLS

  • December, 2019

  • Dec 13, 2019

    Date

    Active

    CRMLS: NP19279934

    $7,995,000

    Price

  • Listing provided courtesy of CRMLS

    Experience the finest of coastal living in beautiful Newport Beach with the sand at your doorstep, ocean breezes and world-class amenities just minutes away. This prime Balboa Peninsula Bayfront location is situated on a corner double lot with 100’ of private white sand beach, a private dock, and 4 large boat slips. 405 Edgewater Avenue presents a rare opportunity to own a family compound consisting of 2 attached homes that are perfectly positioned with dramatic views of the bay, Balboa Island and Newport Beach city lights. Sited on a 7100’ lot with over 4800’ of living space. The compound has recently been remodeled with hardwood flooring and granite countertops throughout. A large 4 bedroom, 2 bath, owners quarters with floor to ceiling glass and a large front patio. A beautiful 2 bedroom, 2 bath mother-in-law quarters below and 2 attached spacious studios for the kids. 3 enclosed attached garages offering parking for 5 cars and 2 outside designated parking spaces. 3 bayfront patios and seating area on the dock is sure to provide extensive outside entertainment and relaxation areas. This exceptional property would be the perfect primary residence, a wonderful beach house, great investment property or an extraordinary family compound. Don’t miss this once in a lifetime opportunity!

  • December, 2019

  • Dec 13, 2019

    Date

    Canceled

    CRMLS: NP19280032

    $7,995,000

    Price

  • Dec 12, 2019

    Date

    Active

    CRMLS: NP19280032

    $7,995,000

    Price

  • Listing provided courtesy of CRMLS

    Experience the finest of coastal living in beautiful Newport Beach with the sand at your doorstep, ocean breezes and world-class amenities just minutes away. This prime Balboa Peninsula Bayfront location is situated on a corner double lot with 100’ of private white sand beach, a private dock, and 4 large boat slips. 405 Edgewater Avenue presents a rare opportunity to own a family compound consisting of 2 attached homes that are perfectly positioned with dramatic views of the bay, Balboa Island and Newport Beach city lights. Sited on a 7100’ lot with over 4800’ of living space. The compound has recently been remodeled with hardwood flooring and granite countertops throughout. A large 4 bedroom, 2 bath, owners quarters with floor to ceiling glass and a large front patio. A beautiful 2 bedroom, 2 bath mother-in-law quarters below and 2 attached spacious studios for the kids. 3 enclosed attached garages offering parking for 5 cars and 2 outside designated parking spaces. 3 bayfront patios and seating area on the dock is sure to provide extensive outside entertainment and relaxation areas. This exceptional property would be the perfect primary residence, a wonderful beach house, great investment property or an extraordinary family compound. Don’t miss this once in a lifetime opportunity!

  • December, 2018

  • Dec 17, 2018

    Date

    Sold (Public Records)

    Public Records

    $115,500

    Price

Show More

Tax History for 405 E Edgewater Ave

Assessed Value (2020): $3,166,981
Year Land Value Improved Value Assessed Value
2020 $3,008,632 $158,349 $3,166,981

Home Value Compared to the Market

This property vs the competition

405 E Edgewater Ave sold on March 9, 2020 for 116.08% 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 $1630.97 per/sqft which puts the price per square foot 19.92% higher than the current median sale per square foot for the city of Newport Beach.

About 405 E Edgewater Ave

Detailed summary of property

405 E Edgewater Ave is a fourplex that recently sold in Newport Beach, CA 92661. This fourplex offered 8 bedrooms, 6 bathrooms, roughly 4,902 living square feet, and sits on an approximately 7,128 square foot lot. 405 E Edgewater Ave was first listed on ArdentRealEstateGroup.com on July 4, 2020. The homeowner sold the property for $7,400,000. 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 116.08% higher than the current median priced home. Local homes that are currently for sale include 1615 Park Ave, 2709 W Pico Blvd and 435 N Wilson Ave. 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 405 E Edgewater Ave 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 405 E Edgewater Ave

Public county record property details
Beds
--
Baths
--
Year built
1970
Sq. Ft.
3,061
Lot Size
6,059
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
12
APN
048-111-22

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%)

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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