502 Clubhouse Ave, Newport Beach, CA 92663
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502 Clubhouse Ave Newport Beach, CA 92663

$1,820,000 Sold Price as of 06/19/2019
  • 6 Beds
  • 6 Baths
  • 2,451 Sq.Ft.
Sold
$1,820,000 Sold Price as of 06/19/2019 Refinance Your Mortgage

Map preview of 502 Clubhouse Ave, Newport Beach, CA 92663

Property Overview: 502 Clubhouse Ave Newport Beach, CA has 6 bedrooms, 6 bathrooms, 2,451 living square feet and 2,801 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Where the renown beach culture meets the vibrant and sophisticated Newport Beach lifestyle, discover this Upper Peninsula property at the heart of the revitalized Lido Marina Village neighborhood. Beautifully maintained, this duplex features 6 bedrooms, 5.5 bathrooms, 2,451 sqft, on a 2,801 sqft lot. The larger front unit offers 3 bedrooms bathed in natural light with high ceilings, 2.5 baths, a spacious living room that opens to the patio with views of the neighborhood, a well appointed kitchen and dining area, and approximately 1,400 sq. ft of living space. The rear unit offers 3 bedrooms and 3 full bathrooms, bright and sunny living areas with high vaulted ceilings. The large 3rd bedroom suite on the ground floor is separately metered with its own access, a private patio, and could be a 3rd unit. All units have newly painted interiors, new carpet throughout, 2-car garage and 2-tandem parking spots, and laundry in each unit. In the Finley Tract, steps to the canals, a few blocks to the beach, and across from the chic and luxurious Lido House Hotel, the redeveloped Lido Marina Village, amazing shopping, restaurants, entertainment, and with convenient access to the Pacific Coast Highway and Newport Blvd. This is a tremendous opportunity with the versatility for owner-occupancy with rental income, short-term vacation rentals, and potentially a condominium conversion. At the center of Newport Beach’s premier destination - invest, live, and thrive with 502 Clubhouse Avenue.

Listed by Edward Barrios | BRE #01472267 | Vista Sotheby's Int'l Realty
Co-listed by Beth Sparks | BRE #01921238 | The Betts Realty Group, Inc.
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 58

Home details

Lot Sq. Ft
2,801
HOA Dues
$0/mo
Year built
1998
Garage
2 Car
Property Type:
Duplex
Status
Sold
MLS#
PV19045349
City
Newport Beach
County
Orange
Time on Site
1377 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,845
  • Total Rent: $2,845
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $4,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.6%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $104,400
  • Net Operating Income: $72,278
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $32,122
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $20,904
  • Trash: $0
  • Gardener: $0
  • Insurance: $1,957
  • Maintenance: $1,000
  • Professional Management: $7,300
  • Water/Sewer: $469
  • Other Expenses: $492
  • Other Expense Description: NB Asses

Property Details for 502 Clubhouse Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • In Closet
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Tile
  • Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite, Two Masters
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Range, Gas Cooktop, Microwave, Water Heater
Interior Features
  • Balcony, Corian Counters, Granite Counters, Storage, Tile Counters
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Block, Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 42310123
  • Year Built Source: Assessor
  • Architectural Style: Contemporary, Traditional
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is not Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Lido Peninsula (LIPN)
  • Directions: From Newport Blvd. turn West onto Finley Avenue.Property located to the north of the Clubhouse Avenue, Finley Avenue and 34th Street intersection.
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

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Sale History for 502 Clubhouse Ave

Last sold for $1,820,000 on June 19th, 2019
  • June, 2019

  • Jun 19, 2019

    Date

    Sold

    CRMLS: PV19045349

    $1,820,000

    Price

  • May 16, 2019

    Date

    Pending

    CRMLS: PV19045349

    $1,989,000

    Price

  • Mar 18, 2019

    Date

    Price Change

    CRMLS: PV19045349

    $1,989,000

    Price

  • Feb 28, 2019

    Date

    Active

    CRMLS: PV19045349

    $2,089,000

    Price

  • June, 2019

  • Jun 19, 2019

    Date

    Sold

    CRMLS: PV19045340

    $1,820,000

    Price

  • May 4, 2019

    Date

    Pending

    CRMLS: PV19045340

    $1,989,000

    Price

  • Mar 18, 2019

    Date

    Price Change

    CRMLS: PV19045340

    $1,989,000

    Price

  • Feb 28, 2019

    Date

    Active

    CRMLS: PV19045340

    $2,089,000

    Price

  • Listing provided courtesy of CRMLS

  • June, 2019

  • Jun 19, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,820,000

    Price

  • February, 2019

  • Feb 28, 2019

    Date

    Canceled

    CRMLS: PV18277353

    $2,089,000

    Price

  • Nov 20, 2018

    Date

    Active

    CRMLS: PV18277353

    $2,089,000

    Price

  • Listing provided courtesy of CRMLS

  • February, 2019

  • Feb 28, 2019

    Date

    Canceled

    CRMLS: PV18277882

    $2,089,000

    Price

  • Nov 21, 2018

    Date

    Active

    CRMLS: PV18277882

    $2,089,000

    Price

  • Listing provided courtesy of CRMLS

  • April, 2013

  • Apr 19, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 502 Clubhouse Ave

Assessed Value (2020): $797,129
Year Land Value Improved Value Assessed Value
2020 $526,105 $271,024 $797,129

Home Value Compared to the Market

This property vs the competition

502 Clubhouse Ave sold on June 19, 2019 for 24.26% lower than the current median sold price for the city of Newport Beach which is $2,626,000. The median sold price per/sqft for Newport Beach is $1,073 and this home is sold at $811.51 per/sqft which puts the price per square foot 24.37% lower than the current median sale per square foot for the city of Newport Beach.

About 502 Clubhouse Ave

Detailed summary of property

502 Clubhouse Ave is a duplex that recently sold in Newport Beach, CA 92663. This duplex offered 6 bedrooms, 6 bathrooms, roughly 2,451 living square feet, and sits on an approximately 2,801 square foot lot. 502 Clubhouse Ave was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,820,000. Home in Newport Beach are selling for a median price of $2,626,000 and a median price per square foot of $1,073. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is sold 24.26% lower than the current median priced home. Local homes that are currently for sale include 17061 Whitby Cir, 7161 Main St and 357 Mermaid St. While the average home in Newport Beach, CA is selling in 75 days, 502 Clubhouse Ave has a days on market of 58 days. There are currently 260 homes for sale in the Newport Beach real estate market and 192 of them are single family homes while 54 of them are condos and 14 are townhomes. For more information on this home for sale at 502 Clubhouse Ave 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 502 Clubhouse Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
2,799
Stories
--
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Orange
Lot#
8
APN
423-101-23

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.
$1,522
Median Sold Price
$1,730,000
Median Sold Price/Sq.Ft.
$979
Total Inventory
84
Median Sale to List Price %
100.87%
Avg Days on Market
34
Loan Type
Conventional (23.08%), FHA (0%), VA (0%), Cash (30.77%), Other (46.15%)

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Related Resources to 502 Clubhouse Ave

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.