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521 E Bay Ave, Newport Beach, CA 92661
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521 E Bay Ave Newport Beach, CA 92661

$2,300,000 Sold Price as of 09/08/2020
  • 7 Beds
  • 4 Baths
  • 3,111 Sq.Ft.
Sold
$2,300,000 Sold Price as of 09/08/2020 Refinance Your Mortgage
Map preview of 521 E Bay Ave, Newport Beach, CA 92661

Property Overview: 521 E Bay Ave Newport Beach, CA has 7 bedrooms, 4 bathrooms, 3,111 living square feet and 2,614 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Look at this spacious duplex, over 3000 square feet of living space!!!! Balboa Peninsula location in the highly desirable Newport Beach bay and harbor area. Centrally situated between the ocean and the bay, makes this an ideal location for a summer home or short term weekly rental opportunities. Walk out your door, you can see the sand, just a few short blocks away. The bay front is a quick walk just minutes away. Unique property with spacious floor plans, tons of living space. Large corner 2 unit building featuring a four bedroom/ two bath upper unit, enjoying high ceilings, fireplace, large living room with access to a private deck. Also includes inside laundry. The lower residence has three bedrooms/two baths, nice fireplace, kitchen bar area, in excellent condition. The lower has direct access to the shared two car garage. This property has been family owned for many years, lived in and enjoyed by various family members. In the last number of years there has been a steady tenant history, always leased. Close not only to the water, but also entertainment, restaurants, shopping and historic landmarks. Prime Coastal investment in the heart of Newport!

Listed by Tracy Seeber | BRE #00954837 | Burr White Realty
Co-listed by Joan Trout | BRE #00578819 | Burr White Realty
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 173

Home details

Lot Sq. Ft
2,614
HOA Dues
$0/mo
Year built
1972
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
NP20050504
City
Newport Beach
County
Orange
Time on Site
1403 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,850
  • Total Rent: $3,850
  • Pro Forma/Market Rent: $4,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,900
  • Total Rent: $2,900
  • Pro Forma/Market Rent: $3,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $81,000
  • Net Operating Income: $0
  • Gross Operating Income: --
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 521 E Bay Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • In Garage, Upper Level
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Carpet, Vinyl
  • Master Bathroom
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Gas Oven, Gas Range, Water Heater
Interior Features
  • Beamed Ceilings, Living Room Balcony, Open Floorplan, Tile Counters
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Average Condition
  • 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: 2
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 2-5 Units/Acre, Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 04807111
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Foundation Details: Slab
  • Property is Attached
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: Newport Blvd. to Island - Left to West Bay - Left to property (corner)
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Sidewalks, Street Lights, Urban
View more facts & features

Local Newport Beach Agent

Sale History for 521 E Bay Ave

Last sold for $2,300,000 on September 8th, 2020

  • September, 2020

  • Sep 8, 2020

    Date

    Sold

    CRMLS: NP20050504

    $2,300,000

    Price

  • Aug 27, 2020

    Date

    Pending

    CRMLS: NP20050504

    $2,495,000

    Price

  • Aug 4, 2020

    Date

    Active Under Contract

    CRMLS: NP20050504

    $2,495,000

    Price

  • Mar 9, 2020

    Date

    Active

    CRMLS: NP20050504

    $2,495,000

    Price

  • September, 2020

  • Sep 8, 2020

    Date

    Sold

    CRMLS: NP20136058

    $2,300,000

    Price

  • Aug 27, 2020

    Date

    Pending

    CRMLS: NP20136058

    $2,495,000

    Price

  • Aug 4, 2020

    Date

    Active Under Contract

    CRMLS: NP20136058

    $2,495,000

    Price

  • Jul 15, 2020

    Date

    Active

    CRMLS: NP20136058

    $2,495,000

    Price

  • Listing provided courtesy of CRMLS

    Spacious Duplex with an unusual 3000+ square feet of living space!!! Balboa Peninsula location in the highly desirable Newport Beach Bay and Harbor area. Centrally situated between the ocean and the bay on a corner lot. R-2 zoning, ideal for summer home or short term vacation rentals.Just outside your door, you can see the sand just a few short blocks away. The bay-front is a quick walk just minutes away. Unique property with spacious floor plans. Two unit building featuring a 4 bedroom/ 2 bath upper unit with vaulted ceilings, fireplace, large living room with access to a private deck. Also includes inside laundry. The lower unit has 3 bedrooms and 2 baths, fireplace, kitchen bar area in excellent condition. Lower unit has access directly to the 2 car garage. Each unit has one space. In the last number of years there has been a steady tenant history. Close to shopping, restaurants and the Balboa Pier. Prime Coastal Investment.

  • April, 1985

  • Apr 8, 1985

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 521 E Bay Ave

Assessed Value (2020): $266,234
Year Land Value Improved Value Assessed Value
2020 $133,117 $133,117 $266,234

Home Value Compared to the Market

This property vs the competition

521 E Bay Ave sold on September 8, 2020 for 32.57% 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 $801.99 per/sqft which puts the price per square foot 41.03% lower than the current median sale per square foot for the city of Newport Beach.

About 521 E Bay Ave

Detailed summary of property

521 E Bay Ave is a multi family that recently sold in Newport Beach, CA 92661. This multi family property offered 7 bedrooms, 4 bathrooms, roughly 3,111 living square feet, and sits on an approximately 2,614 square foot lot. 521 E Bay Ave was first listed on ArdentRealEstateGroup.com on July 4, 2020. The homeowner sold the property for $2,300,000. 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 32.57% lower than the current median priced home. Local homes that are currently for sale include 353 Hamilton St, 150 Cecil Pl and 2097 Wallace Ave. While the average home in Newport Beach, CA is selling in 73 days, 521 E Bay Ave has a days on market of 173 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 521 E Bay Ave Newport Beach, CA 92661 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 521 E Bay Ave

Public county record property details
Beds
--
Baths
--
Year built
1972
Sq. Ft.
3,111
Lot Size
2,594
Stories
2
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
--
APN
048-071-11

The source for these homes facts are from public records.

92661 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$6,750,000
Median List Price/Sq.Ft.
$2,183
Median Sold Price
$4,625,000
Median Sold Price/Sq.Ft.
$1,741
Total Inventory
45
Median Sale to List Price %
92.59%
Avg Days on Market
69
Loan Type
Conventional (12.5%), FHA (0%), VA (0%), Cash (37.5%), Other (37.5%)

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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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