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4228 Hilaria Way, Newport Beach, CA 92663
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4228 Hilaria Way Newport Beach, CA 92663

$2,200,000 Sold Price as of 09/30/2019
  • 8 Beds
  • 7 Baths
  • 4,305 Sq.Ft.
Sold
$2,200,000 Sold Price as of 09/30/2019 Refinance Your Mortgage
Map preview of 4228 Hilaria Way, Newport Beach, CA 92663

Property Overview: 4228 Hilaria Way Newport Beach, CA has 8 bedrooms, 7 bathrooms, 4,305 living square feet and 6,534 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present a charming 4-unit multi-family property located in Newport Beach, CA. The newly renovated subject property contains three 2-bedroom / 2-bathroom units, and one 2-bedroom / 1.5-bathroom unit and consists of 4,195 rentable square feet spread throughout a 5,800 square foot lot. This property is stabilized with solid rents but has upside with top of the line furnishes. Owners enjoy the high demand for rentals in a coastal city of Southern California, while tenants enjoy living a short distance to local beaches, shopping, restaurants and nightlife in Newport Beach, Lido Isle, and Downtown Costa Mesa. Newport Beach is a highly sought after rental market. With a limited rental stock and great demographics. The average household income in Newport Beach is currently $119,379 and even with an average income roughly 40% higher than the Orange County average, renting is still more affordable than buying a home in Newport Beach where the median property value is $1.7 million.

Listed by Kevin King | BRE #01158184 | Marcus & Millichap
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 50

Home details

Lot Sq. Ft
6,534
HOA Dues
$0/mo
Year built
1973
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW19173746
City
Newport Beach
County
Orange
Time on Site
1522 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,465
  • Total Rent: $7,790
  • Pro Forma/Market Rent: $2,862
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $22
  • Total Rent: $2,220
  • Pro Forma/Market Rent: $2,895
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $119,880
  • Net Operating Income: $75,363
  • Gross Operating Income: --
  • # of Rented Garages: 4
Annual Expense Breakdown
  • Total Operating Expense: $40,291
  • Electric: $396
  • Gas/Fuel: $396
  • New Taxes: $27,025
  • Trash: $396
  • Insurance: $2,752
  • Maintenance: $3,295
  • Professional Management: $5,814
  • Water/Sewer: $396
  • Other Expenses: $450
  • Other Expense Description: Misc/Res

Property Details for 4228 Hilaria Way

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 42525112
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Septic Type Unknown, Unknown
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Flagship Rd & Dana Rd
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Newport Beach Agent

Sale History for 4228 Hilaria Way

Last sold on October 1st, 2019

  • October, 2019

  • Oct 1, 2019

    Date

    Sold

    CRMLS: PW19173746

    $2,200,000

    Price

  • Sep 10, 2019

    Date

    Pending

    CRMLS: PW19173746

    $2,350,000

    Price

  • Jul 22, 2019

    Date

    Active

    CRMLS: PW19173746

    $2,350,000

    Price

  • October, 2019

  • Oct 1, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 2019

  • Sep 30, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,200,000

    Price

Show More

Tax History for 4228 Hilaria Way

Assessed Value (2020): $1,596,709
Year Land Value Improved Value Assessed Value
2020 $1,437,038 $159,671 $1,596,709

Home Value Compared to the Market

This property vs the competition

4228 Hilaria Way sold on September 30, 2019 for 14.55% lower than the current median sold price for the city of Newport Beach which is $2,750,000. The median sold price per/sqft for Newport Beach is $1,406 and this home is sold at $545.88 per/sqft which puts the price per square foot 61.18% lower than the current median sale per square foot for the city of Newport Beach.

About 4228 Hilaria Way

Detailed summary of property

4228 Hilaria Way is a multi family that recently sold in Newport Beach, CA 92663. This multi family property offered 8 bedrooms, 7 bathrooms, roughly 4,305 living square feet, and sits on an approximately 6,534 square foot lot. 4228 Hilaria Way was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $2,200,000. Home in Newport Beach are selling for a median price of $2,750,000 and a median price per square foot of $1,406. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is sold 14.55% lower than the current median priced home. Local homes that are currently for sale include 6172 Warner Ave, 12621 Morningside Ave and 13052 Rockinghorse Rd. While the average home in Newport Beach, CA is selling in 93 days, 4228 Hilaria Way has a days on market of 50 days. There are currently 272 homes for sale in the Newport Beach real estate market and 201 of them are single family homes while 56 of them are condos and 15 are townhomes. For more information on this home for sale at 4228 Hilaria Way 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 4228 Hilaria Way

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
5,800
Stories
--
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
12
APN
425-251-12

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
$3,850,000
Median List Price/Sq.Ft.
$1,633
Median Sold Price
$2,670,000
Median Sold Price/Sq.Ft.
$1,489
Total Inventory
92
Median Sale to List Price %
92.23%
Avg Days on Market
51
Loan Type
Conventional (28%), FHA (4%), VA (0%), Cash (32%), Other (36%)

Thinking of Selling?

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Recently Sold Homes Near 4228 Hilaria Way

4201 Hilaria Way, Newport Beach, CA 92663
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4201 Hilaria Way
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4216 Hilaria Way, Newport Beach, CA 92663
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4101 Hilaria Way, Newport Beach, CA 92663
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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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