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471 Old Newport Blvd, Newport Beach, CA 92663
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471 Old Newport Blvd Newport Beach, CA 92663

$6,200,000 Sold Price as of 12/22/2021
  • -- Beds
  • -- Baths
  • 11,325 Sq.Ft.
Sold
$6,200,000 Sold Price as of 12/22/2021 Refinance Your Mortgage
Map preview of 471 Old Newport Blvd, Newport Beach, CA 92663

Property Overview: 471 Old Newport Blvd Newport Beach, CA has -- bedrooms, -- bathrooms, 11,325 living square feet and 16,553 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present the opportunity to purchase 471 Old Newport Blvd. Ideally located in Newport Beach, CA this 3 story Class B low rise office building is perfect for an investor looking for a trophy asset or for an owner user who wishes to occupy a portion of the building while generating income from the other tenants. 471 Old Newport Blvd has existing in place rents that are more than 50% below current market on short terms leases offering an investor immense possibilities. This asset offers tremendous upside as a new multi-tenant office project or occupancy by a single tenant/owner user. The irreplaceable location offers close proximity to Hoag Hospital, Fashion Island, Pacific Coast Highway, and all the amenities 17th Street has to offer.

Listed by Timothy Carr | BRE #01017277 | Villa Real Estate
Last checked: 7 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 54

Home details

Lot Sq. Ft
16,553
HOA Dues
$0/mo
Year built
1985
Garage
--
Property Type:
Office
Status
Sold
MLS#
NP21198106
City
Newport Beach
County
Orange
Time on Site
970 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
  • # of Leased Units: 6
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: --

Property Details for 471 Old Newport Blvd

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 40
Lot Information
  • Lot Features: Landscaped, Lot 10000-19999 Sqft, Park Nearby
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 42527105
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Newport Blvd to Old Newport Blvd
View more facts & features

Local Newport Beach Agent

Sale History for 471 Old Newport Blvd

Last sold for $6,200,000 on December 22nd, 2021

  • September, 2021

  • Sep 8, 2021

    Date

    Active

    CRMLS: NP21198106

    $6,995,000

    Price

  • April, 2021

  • Apr 29, 2021

    Date

    Leased

    CRMLS: NP20259039

    $1,350

    Price

  • Dec 18, 2020

    Date

    Active

    CRMLS: NP20259039

    $1,620

    Price

  • Listing provided courtesy of CRMLS

    Conveniently located atrium office building on Old Newport Blvd. in Newport Beach. Ample free covered parking with elevator service to office floors. Easy access to Pacific Coast Highway and the 55 Freeway. Tenant allowance for new carpet and paint

  • April, 2021

  • Apr 1, 2021

    Date

    Leased

    CRMLS: NP20228752

    $1,653

    Price

  • Nov 2, 2020

    Date

    Active

    CRMLS: NP20228752

    --

    Price

  • Listing provided courtesy of CRMLS

    Conveniently located atrium office building on Old Newport Blvd. in Newport Beach. Ample free covered parking with elevator service to office floors. Easy access to Pacific Coast Highway and the 55 Freeway.

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Tax History for 471 Old Newport Blvd

Assessed Value (2020): $1,150,856
Year Land Value Improved Value Assessed Value
2020 $575,428 $575,428 $1,150,856

Home Value Compared to the Market

This property vs the competition

471 Old Newport Blvd sold on December 22, 2021 for 89.05% 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 $617.66 per/sqft which puts the price per square foot 54.58% lower than the current median sale per square foot for the city of Newport Beach.

About 471 Old Newport Blvd

Detailed summary of property

471 Old Newport Blvd is a office that recently sold in Newport Beach, CA 92663. This office offered -- bedrooms, -- bathrooms, roughly 11,325 living square feet, and sits on an approximately 16,553 square foot lot. 471 Old Newport Blvd was first listed on ArdentRealEstateGroup.com on September 8, 2021. The homeowner sold the property for $6,200,000. 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 89.05% higher than the current median priced home. While the average home in Newport Beach, CA is selling in 73 days, 471 Old Newport Blvd has a days on market of 54 days. There are currently 275 homes for sale in the Newport Beach real estate market and 208 of them are single family homes while 54 of them are condos and 13 are townhomes. For more information on this home for sale at 471 Old Newport Blvd 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 471 Old Newport Blvd

Public county record property details
Beds
--
Baths
--
Year built
1985
Sq. Ft.
9,000
Lot Size
10,916
Stories
2
Type
Commercial (General)
Pool
No
Spa
No
County
Orange
Lot#
6
APN
425-271-05

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
88
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?
Call, Text or Message
(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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