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510 31St St, Newport Beach, CA 92663
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510 31St St Newport Beach, CA 92663

$1,605,000 Sold Price as of 04/14/2021
  • -- Beds
  • -- Baths
  • 2,368 Sq.Ft.
Sold
$1,605,000 Sold Price as of 04/14/2021 Refinance Your Mortgage
Map preview of 510 31St St, Newport Beach, CA 92663

Property Overview: 510 31St St Newport Beach, CA has -- bedrooms, -- bathrooms, 2,368 living square feet and 2,790 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Rare Cannery Village commercial office building or redevelopment opportunity near the newly redeveloped Lido Marina Village and Lido House Hotel. Currently this property consists of two buildings on a single parcel, with a total of eight rentable office units. Long terms tenants in place. On-site parking consists of three tuck-under spaces accessible from the rear alley. As an income generating office building, this property has great appeal. Additionally, site zoning is MU-CV/15th St which may permit other uses such as residential, mixed use residential and non-residential commercial uses. As an interior parcel, this site offers other benefits over corner lots should it be redeveloped. Properties of this type rarely come to market in Cannery Village, so this offering represents an amazing opportunity.

Listed by Tony Bartos | BRE #01207153 | Pacific Sotheby's Int'l Realty
Last checked: 5 minutes ago | Last updated: April 6th, 2023 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
2,790
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
NP21052133
City
Newport Beach
County
Orange
Time on Site
1145 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
  • # of Leased Units: 6
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Total Rent: --
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Total Rent: --
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Total Rent: --
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Total Rent: --
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $52,625
  • Net Operating Income: $27,127
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 510 31St St

Interior Features
Cooling Information
  • No Cooling
  • None
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: 3
Lot Information
  • Lot Features: Level with Street, Rectangular Lot, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 8
  • Parcel Number: 04703204
  • Year Built Source: Appraiser
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: 31st between Lafayette and Villa Way
View more facts & features

Local Newport Beach Agent

Sale History for 510 31St St

Last sold for $1,605,000 on April 14th, 2021

  • April, 2023

  • Apr 6, 2023

    Date

    Canceled

    CRMLS: NP23021979

    $1,850

    Price

  • Feb 7, 2023

    Date

    Active

    CRMLS: NP23021979

    $1,850

    Price

  • Listing provided courtesy of CRMLS

    Ideal location just steps away from The Cannery Restaurant, Alta Coffee and Lido Village. Approximately 300 square feet, the office suite is upstairs with a private entrance and has an abundance of natural light.

  • April, 2021

  • Apr 15, 2021

    Date

    Sold

    CRMLS: NP21052133

    $1,605,000

    Price

  • Mar 24, 2021

    Date

    Active Under Contract

    CRMLS: NP21052133

    $1,495,000

    Price

  • Mar 23, 2021

    Date

    Hold

    CRMLS: NP21052133

    $1,495,000

    Price

  • Mar 12, 2021

    Date

    Active

    CRMLS: NP21052133

    $1,495,000

    Price

  • March, 2004

  • Mar 4, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 510 31St St

Assessed Value (2020): $488,615
Year Land Value Improved Value Assessed Value
2020 $293,169 $195,446 $488,615

Home Value Compared to the Market

This property vs the competition

510 31St St sold on April 14, 2021 for 59.59% 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 $631.33 per/sqft which puts the price per square foot 53.58% lower than the current median sale per square foot for the city of Newport Beach.

About 510 31St St

Detailed summary of property

510 31St St is a mixed use that recently sold in Newport Beach, CA 92663. This mixed use property offered -- bedrooms, -- bathrooms, roughly 2,368 living square feet, and sits on an approximately 2,790 square foot lot. 510 31St St was first listed on ArdentRealEstateGroup.com on March 24, 2021. The homeowner sold the property for $1,605,000. 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 59.59% lower than the current median priced home. Local homes that are currently for sale include 19700 Temescal Canyon Rd, 1478 E 92nd St and 11226 S Broadway. While the average home in Newport Beach, CA is selling in 73 days, 510 31St St has a days on market of 11 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 510 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 510 31St St

Public county record property details
Beds
--
Baths
--
Year built
1963
Sq. Ft.
1,372
Lot Size
2,744
Stories
2
Type
Store/Office (Mixed Use)
Pool
No
Spa
No
County
Orange
Lot#
16
APN
047-032-04

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%)

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Recently Sold Homes Near 510 31St St

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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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