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4241 Macarthur Blvd, Newport Beach, CA 92660
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4241 Macarthur Blvd Newport Beach, CA 92660

$5,250,000 Sold Price as of 01/18/2022
  • -- Beds
  • -- Baths
  • 7,000 Sq.Ft.
Sold
$5,250,000 Sold Price as of 01/18/2022 Refinance Your Mortgage
Map preview of 4241 Macarthur Blvd, Newport Beach, CA 92660

Property Overview: 4241 Macarthur Blvd Newport Beach, CA has -- bedrooms, -- bathrooms, 7,000 living square feet and 30,056 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This is an incredible opportunity to acquire the fee simple interest in a free-standing restaurant property located at 4241 MacArthur Blvd, Newport Beach, CA. The 7,000 SF property is currently occupied by the restaurant Saagar Fine Cuisine of India who will be vacating at the close of escrow. The offering includes the real property, all existing furniture, fixtures, and equipment, which greatly minimizes expenses for a restaurant user. The Seller has a type 47 liquor license which is available for purchase at market price. Request offering memorandum from broker.

Listed by John Gessford | BRE #01137479 | First Team Estates
Co-listed by Kim Schumacher | BRE #01407205 | First Team Estates
Last checked: 10 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 441

Home details

Lot Sq. Ft
30,056
HOA Dues
$0/mo
Year built
1974
Garage
--
Property Type:
Retail
Status
Sold
MLS#
OC20033783
City
Newport Beach
County
Orange
Time on Site
1406 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 4241 Macarthur Blvd

Interior Features
Heating Information
  • Has Heating
  • Heat Pump
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 42718108
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: MacArthur Blvd.
View more facts & features

Local Newport Beach Agent

Sale History for 4241 Macarthur Blvd

Last sold for $5,250,000 on January 18th, 2022

  • July, 2021

  • Jul 25, 2021

    Date

    Active Under Contract

    CRMLS: OC20033783

    $5,775,000

    Price

  • Apr 30, 2021

    Date

    Withdrawn

    CRMLS: OC20033783

    $5,775,000

    Price

  • Feb 14, 2020

    Date

    Active

    CRMLS: OC20033783

    $5,775,000

    Price

  • April, 2005

  • Apr 26, 2005

    Date

    Sold (Public Records)

    Public Records

    $2,000,000

    Price

  • December, 1993

  • Dec 13, 1993

    Date

    Sold (Public Records)

    Public Records

    $650,000

    Price

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Tax History for 4241 Macarthur Blvd

Assessed Value (2020): $3,019,909
Year Land Value Improved Value Assessed Value
2020 $2,325,330 $694,579 $3,019,909

Home Value Compared to the Market

This property vs the competition

4241 Macarthur Blvd sold on January 18, 2022 for 56.08% 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 $825 per/sqft which puts the price per square foot 39.34% lower than the current median sale per square foot for the city of Newport Beach.

About 4241 Macarthur Blvd

Detailed summary of property

4241 Macarthur Blvd is a retail that recently sold in Newport Beach, CA 92660. This retail property offered -- bedrooms, -- bathrooms, roughly 7,000 living square feet, and sits on an approximately 30,056 square foot lot. 4241 Macarthur Blvd was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner sold the property for $5,250,000. 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 56.08% higher than the current median priced home. While the average home in Newport Beach, CA is selling in 75 days, 4241 Macarthur Blvd has a days on market of 441 days. There are currently 284 homes for sale in the Newport Beach real estate market and 215 of them are single family homes while 56 of them are condos and 13 are townhomes. For more information on this home for sale at 4241 Macarthur Blvd Newport Beach, CA 92660 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 4241 Macarthur Blvd

Public county record property details
Beds
--
Baths
--
Year built
1973
Sq. Ft.
5,985
Lot Size
32,540
Stories
1
Type
Restaurant
Pool
No
Spa
No
County
Orange
Lot#
4
APN
427-181-08

The source for these homes facts are from public records.

92660 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$3,999,000
Median List Price/Sq.Ft.
$1,250
Median Sold Price
$3,050,000
Median Sold Price/Sq.Ft.
$1,166
Total Inventory
135
Median Sale to List Price %
91.05%
Avg Days on Market
51
Loan Type
Conventional (7.14%), FHA (3.57%), VA (0%), Cash (46.43%), Other (42.86%)

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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