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418 31St St, Newport Beach, CA 92663
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418 31St St Newport Beach, CA 92663

$3,280,000 Sold Price as of 06/28/2021
  • -- Beds
  • -- Baths
  • 4,158 Sq.Ft.
Sold
$3,280,000 Sold Price as of 06/28/2021 Refinance Your Mortgage
Map preview of 418 31St St, Newport Beach, CA 92663

Property Overview: 418 31St St Newport Beach, CA has -- bedrooms, -- bathrooms, 4,158 living square feet and 5,580 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Charming building on a rare double lot (60’ wide) in Cannery Village near the newly redeveloped Lido Marina Village, Lido House Hotel, beaches and bay. This existing commercial building includes eleven leased tenant spaces with long-term tenants. Rents are low with better cash flow potential than most other income opportunities on the Peninsula, including 2-4 unit apartment buildings. Additionally, site zoning is MU-CV/15th St which may permit other redevelopment uses such as new residential, mixed use residential and non-residential commercial uses. As an interior parcel, this site offers other benefits over corner lots in the Village should it be redeveloped. Properties of this type rarely come to market making this an amazing Cannery Village opportunity.

Listed by Tony Bartos | BRE #01207153 | Pacific Sotheby's Int'l Realty
Last checked: 10 minutes ago | Last updated: September 13th, 2022 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
5,580
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
NP21102503
City
Newport Beach
County
Orange
Time on Site
1094 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 1
  • # of Leased Units: 11
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $1,980
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $735
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $480
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $1,148
  • Total Rent: --
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $984
  • Total Rent: --
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $519
  • Total Rent: --
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $465
  • Total Rent: --
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $528
  • Total Rent: --
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $1,331
  • Total Rent: --
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $2,380
  • Total Rent: --
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $765
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $135,780
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 418 31St St

Interior Features
Laundry Information
  • None
Exterior Features
Exterior Information
  • Roof: Flat, Rolled/Hot Mop
  • No Fence
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: Level with Street, Rectangular Lot, Level, Zero Lot Line
  • Lot Size Source: Appraiser
  • Common Interest: None
Property Information
  • Total # of Units: 11
  • Parcel Number: 04704222
  • Year Built Source: Assessor
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Connected, Sewer Connected
Location / Neighborhood
Location Information
  • Directions: 31st Street in Cannery Village
View more facts & features

Local Newport Beach Agent

Sale History for 418 31St St

Last sold for $3,280,000 on June 28th, 2021

  • July, 2021

  • Jul 1, 2021

    Date

    Sold

    CRMLS: NP21102503

    $3,280,000

    Price

  • Jun 23, 2021

    Date

    Pending

    CRMLS: NP21102503

    $3,399,000

    Price

  • Jun 14, 2021

    Date

    Active Under Contract

    CRMLS: NP21102503

    $3,399,000

    Price

  • May 13, 2021

    Date

    Active

    CRMLS: NP21102503

    $3,399,000

    Price

  • March, 2004

  • Mar 4, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 418 31St St

Assessed Value (2020): $690,895
Year Land Value Improved Value Assessed Value
2020 $525,080 $165,815 $690,895

Home Value Compared to the Market

This property vs the competition

418 31St St sold on June 28, 2021 for 8.14% 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 $817.46 per/sqft which puts the price per square foot 39.89% lower than the current median sale per square foot for the city of Newport Beach.

About 418 31St St

Detailed summary of property

418 31St St is a mixed use that recently sold in Newport Beach, CA 92663. This mixed use property offered -- bedrooms, -- bathrooms, roughly 4,158 living square feet, and sits on an approximately 5,580 square foot lot. 418 31St St was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $3,280,000. 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 8.14% lower than the current median priced home. Local homes that are currently for sale include 11627 Fidel Ave, 6738 Greenleaf Ave and 8460 Telegraph Rd. While the average home in Newport Beach, CA is selling in 73 days, 418 31St St has a days on market of 15 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 418 31St 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 418 31St St

Public county record property details
Beds
--
Baths
--
Year built
1956
Sq. Ft.
4,143
Lot Size
5,585
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Orange
Lot#
21
APN
047-042-22

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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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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