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900 E Oceanfront, Newport Beach, CA 92661
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900 E Oceanfront Newport Beach, CA 92661

$6,648,335 Sold Price as of 12/01/2020
  • 12 Beds
  • 12 Baths
  • 5,850 Sq.Ft.
Sold
$6,648,335 Sold Price as of 12/01/2020 Refinance Your Mortgage
Map preview of 900 E Oceanfront, Newport Beach, CA 92661

Property Overview: 900 E Oceanfront Newport Beach, CA has 12 bedrooms, 12 bathrooms, 5,850 living square feet and 6,534 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: SIX UNITS ON THE OCEANFRONT - Here is your chance to operate what could be in effect an oceanfront hotel on the Balboa Peninsula! Six 2 bedroom 2 bath units on the boardwalk, with Balboa Park, sand and ocean straight ahead, and the shopping, dining and activities of Balboa Village just a block away. Each unit has 1 car parking on the carport. Currently a mix of short term and long term rental units. Huge room for revenue improvement as well - with some cosmetic and furniture upgrades, current income could vastly increased. Inquire with agent as to pro forma options. - SIX UNITS ON THE OCEANFRONT

Listed by Art White | BRE #01905655 | White Sail Realty
Co-listed by Pamela White | BRE #00846638 | White Sail Realty
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 362

Home details

Lot Sq. Ft
6,534
HOA Dues
$0/mo
Year built
1971
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
NP19257387
City
Newport Beach
County
Orange
Time on Site
1375 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Leased Units: 6
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $41,945
  • Total Rent: $3,495
  • Pro Forma/Market Rent: $7,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $33,639
  • Total Rent: $2,803
  • Pro Forma/Market Rent: $6,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $41,100
  • Total Rent: $3,425
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $48,002
  • Total Rent: $4,000
  • Pro Forma/Market Rent: $7,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $38,244
  • Total Rent: $3,187
  • Pro Forma/Market Rent: $6,000
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $41,100
  • Total Rent: $3,425
  • Pro Forma/Market Rent: $4,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $244,030
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 900 E Oceanfront

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Electric Dryer Hookup, In Carport, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile
  • Living Room, Master Bathroom, Master Bedroom
Kitchen Information
  • Has Appliances
  • Barbecue, Dishwasher, Electric Oven, Electric Range, Electric Cooktop, Microwave, Range Hood, Refrigerator
Interior Features
  • Furnished, Granite Counters, High Ceilings, Open Floorplan
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Card/Code Access, Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • Lighting, Rain Gutters
  • Has Fence
  • Stone
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Attached Carport
Lot Information
  • Lot Features: 6-10 Units/Acre, Park Nearby
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Has View
  • View: Catalina, Ocean, Water
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 04814327
  • Year Built Source: Assessor
  • Architectural Style: See Remarks
  • Foundation Details: Slab
  • Property is Attached
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Not Available, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: Newport Blvd then continue on W Balboa Blvd. Turn right on A st.
  • Road Frontage Type: Alley
Neighborhood Information
  • Community Features: Curbs, Gutters, Watersports, Sidewalks
View more facts & features

Local Newport Beach Agent

Sale History for 900 E Oceanfront

Last sold for $6,648,335 on December 1st, 2020

  • December, 2020

  • Dec 2, 2020

    Date

    Sold

    CRMLS: NP19257387

    $6,648,335

    Price

  • Nov 2, 2020

    Date

    Active Under Contract

    CRMLS: NP19257387

    $7,250,000

    Price

  • Jun 15, 2020

    Date

    Price Change

    CRMLS: NP19257387

    $7,250,000

    Price

  • Nov 6, 2019

    Date

    Active

    CRMLS: NP19257387

    $7,500,000

    Price

  • March, 2019

  • Mar 1, 2019

    Date

    Expired

    CRMLS: NP18286111

    $7,999,000

    Price

  • Dec 7, 2018

    Date

    Active

    CRMLS: NP18286111

    $7,999,000

    Price

  • Listing provided courtesy of CRMLS

    OCEANFRONT 6 UNIT APARTMENT, EACH UNIT IS 2 BEDROOM 2 BATH. REMODELED IN TOMMY BAHAMA BEACH STYLE ALL FURNISHED. RENTED WEEKLY, MONTHLY OR YEARLY BY WHITESAIL MANAGEMENT. TENANTS PAY SET FEE FOR UTILITIES. VERY GOOD UPSIDE IN RENTAL INCOME. PARKING 1 SPACE PER UNIT. ON SITE LAUNDRY. RARE OPPORTUNITY TO OWN OCEANFRONT RENTAL PROPERTY IN NEWPORT BEACH. BUYER TO VERIFY ALL SQUARE FOOTAGE AND INCOME/EXPENSE INFORMATION. BUYER TO COOPERATE IN 1031 EXCHANGE AT NO COST TO BUYER. SEE SUPPLEMENTS FOR P&L. SAME OWNER WILL SELL 916 E. OCEANFRONT AND 919 E. BALBOA BOTH ARE 3 BEDROOM 2 BATH DUPLEXES.

  • October, 2018

  • Oct 1, 2018

    Date

    Expired

    CRMLS: NP18048117

    $11,000,000

    Price

  • Mar 2, 2018

    Date

    Active

    CRMLS: NP18048117

    $11,000,000

    Price

  • Listing provided courtesy of CRMLS

    6 Oceanfront 2 bedroom 2 bath apartments. Recently remodeled and furnished. Parking 1 space per unit. 70' wide lot. Rented weekly, monthly or yearly by White Sail Realty management company. Must be purchased with 916 E Oceanfront and 919 E Balboa which are contiguous lots with mutual easement. Each lot has two 3 bedroom 2 bath units with parking. See NP18048168.

  • June, 2009

  • Jun 12, 2009

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 1997

  • Feb 6, 1997

    Date

    Sold (Public Records)

    Public Records

    $296,500

    Price

Show More

Tax History for 900 E Oceanfront

Assessed Value (2020): $1,878,922
Year Land Value Improved Value Assessed Value
2020 $1,540,716 $338,206 $1,878,922

Home Value Compared to the Market

This property vs the competition

900 E Oceanfront sold on December 1, 2020 for 176.09% higher 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 $1239.32 per/sqft which puts the price per square foot 15.5% higher than the current median sale per square foot for the city of Newport Beach.

About 900 E Oceanfront

Detailed summary of property

900 E Oceanfront is a apartment that recently sold in Newport Beach, CA 92661. This apartment offered 12 bedrooms, 12 bathrooms, roughly 5,850 living square feet, and sits on an approximately 6,534 square foot lot. 900 E Oceanfront was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $6,648,335. 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 176.09% higher than the current median priced home. Local homes that are currently for sale include 654 E 24th St, 60 El Nido Ave and 500 S Union Ave. While the average home in Newport Beach, CA is selling in 75 days, 900 E Oceanfront has a days on market of 362 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 900 E Oceanfront 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 900 E Oceanfront

Public county record property details
Beds
--
Baths
--
Year built
1971
Sq. Ft.
5,855
Lot Size
6,470
Stories
2
Type
Apartments (Generic)
Pool
No
Spa
No
County
Orange
Lot#
15
APN
048-143-27

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.
$2,241
Median Sold Price
$11,100,000
Median Sold Price/Sq.Ft.
$2,775
Total Inventory
47
Median Sale to List Price %
94.11%
Avg Days on Market
174
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (33.33%), Other (33.33%)

Thinking of Selling?

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Recently Sold Homes Near 900 E Oceanfront

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916 E Oceanfront, Newport Beach, CA 92661
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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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