115 42nd Street

Newport Beach, CA 92663

$2,650,000
Last Sold Price
6
Beds
4
Baths
2,604 Sq. Ft.
$1,018 / Sq. Ft.
2,604
Sq. Ft.
$1,018
per Sq. Ft.

Description

HEAR the WAVES! Rare Multi-unit property located in a PRIME location, for the Love of the Sand and Sea. 115 42nd is only 3 houses from the beach on the 100 Block on the Balboa Peninsula of Newport Beach. Just steps from the Surf and Sand, restaurants, piers, entertainment, parks, trails and shopping. This property has captivating Ocean Views from its upstairs balcony. This Multi-unit income property is the perfect destination for people to visit from around the world. The upstairs unit a 3 bed2 full...HEAR the WAVES! Rare Multi-unit property located in a PRIME location, for the Love of the Sand and Sea. 115 42nd is only 3 houses from the beach on the 100 Block on the Balboa Peninsula of Newport Beach. Just steps from the Surf and Sand, restaurants, piers, entertainment, parks, trails and shopping. This property has captivating Ocean Views from its upstairs balcony. This Multi-unit income property is the perfect destination for people to visit from around the world. The upstairs unit a 3 bed2 full bath has a large living room and open faced kitchen to get that afternoon ocean breeze. With it's large vaulted ceilings and bamboo flooring along with its Polynesian style decor you can't help but feel like your on the Islands. Granite counter tops, stainless steel range, and a glass bar helps you feel the luxury of what living in Newport Beach is all about. The balcony view of the ocean is relaxing and detoxifying after you have had a long day, with a peek a boo view of the ocean from the back balcony. The lower unit is a 3 bedroom 2 full bath room's with the feel that you are staying a luxury hotel. The patio is large and great for BBQ's all year round. The building had 3 enclosed garages parking spots outside washer/dryer hook-ups which are coin-op for additional income. The property has been recently improved with a nearly new composition roof, copper plumbing, the water has been separated if you would like to do a condo conversion. A must see!
  1. Listed by John Zarvos • DRE #00558652 • Brokerage DRE #00558652 • Viking Real Estate and Inv.

Property Details for 115 42nd Street

Architectural Style
Bungalow
Parking Spaces Total
3
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2604

Location

Listing Courtesy of Viking Real Estate and Inv., John Zarvos, DRE #00558652

Sold By Viking Real Estate and Inv., John Zarvos, DRE #00558652

Add your commute
LISTING UPDATED: 11/15/2020 03:46 AM

Property Details for 115 42nd Street

StatusClosed
MLS #NP20169885
Days on Market86
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.06 AC / 2,614 SF
CountyOrange County

Location

Listing Courtesy of Viking Real Estate and Inv., John Zarvos, DRE #00558652

Sold By Viking Real Estate and Inv., John Zarvos, DRE #00558652

Add your commute

Building Information for 115 42nd Street

Stories2Residences-Year Built1963Building Size-Lot Size0.06 AC / 2,614 SF

Payment Calculator

$16,933 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,462

Property Taxes

$2,471

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 115 42nd Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV
Income / Expense / Tax Details
Income Details
  • Gross Income: $117,000
  • Gross Scheduled Income: $117,000
  • Net Operating Income: $108,000
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $3,700
  • New Taxes Expense: $0
  • Fuel Expense: $600
  • Electric Expense: $1,200
  • Insurance Expense: $1,200
  • Trash Expense: $350
  • Water Sewer Expense: $350
  • Total Expenses: $3,700
Tax / Assessment Info
  • Tax Block: 42
  • Tax Tract Number: 670
  • Tax Census Tract: 635.00
  • Tax Lot: 22
Community / Development
Community / Development
  • Accessibility Features: See Remarks
  • Assessments YN: No
  • Assessments: None
  • Community Features: Dog Park, Golf, Hiking, Park, Watersports, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Disposal, Gas Oven, Gas Water Heater
  • Equipment: Garage, Inside, Laundry Closet Stacked, Stackable W/D Hookup
  • Interior Features: Ceiling Fan(s), Copper Plumbing Full, High Ceilings
  • Room Type: See Remarks
  • Water Heater Features: Gas
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: In Garage, Inside, Stackable
  • Fireplace Features: Gas
  • Fireplace Rooms: Gas
  • Cooling: None
  • Heating Type: Forced Air
  • Heating: Wall Furnace, Forced Air, Fireplace(s)
  • Heat Equipment: Fireplace, Forced Air Unit
  • Flooring: Bamboo, Carpet, See Remarks
Exterior Features
  • Security Features: Smoke Detector(s)
  • Construction Materials: Block, Hardboard, Stucco
  • Exterior Construction: Block, Stucco
  • Exterior: Block, Stucco
  • Roof: Composition
  • Fence: Yes
  • Fencing: Block
  • Foundation Details: Slab
  • Property Condition: Repairs Cosmetic
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking: Yes
  • Parking Garage: Garage - 1 Car, Garage - 2 Car
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
  • Parking Features: Garage - Single Door, Garage - Two Door
Property / Structure Info
  • Builders Tract Name: Balboa Peninsula (BALP)
  • Builders Tract Code: Balboa Peninsula (Residential) (BALP)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $4,500
  • Unit Type Total Rent: $4,500
  • Unit Type Pro Forma: 8000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $4,500
  • Unit Type Total Rent: $4,500
  • Unit Type Pro Forma: 8000
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 115 42nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 115 42nd Street

Taxable ValueLand$2,653,020Additions$125,344Total$2,778,364
Tax Record2023$29,654 ($2,471 / month)
Home Facts
Total Finished SqFt2,602 SqFtAbove Grade Finished SqFt2,602 SqFtStories2Lot Size2,785 SqFtStyleDuplexYear Built1963CountyORANGEAPN423-023-13

Schools near 115 42nd Street

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Newport Elementary School
PublicK to 6

Horace Ensign Intermediate School
Public7 to 8

Newport Harbor High School
Public9 to 12

Monte Vista High School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Viking Real Estate and Inv., John Zarvos, DRE #00558652

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.