1305 Park Avenue

Newport Beach, CA 92662

$1,410,000
Last Sold Price
3
Beds
2
Baths
1,129 Sq. Ft.
$1,249 / Sq. Ft.
1,129
Sq. Ft.
$1,249
per Sq. Ft.

Description

Investor Alert! $45,000 price reduction! What better place to invest your money than a high end, high yield location like Newport Beach? This charming, updated beach house has the capability of being a cash cow. It has a prime location on Balboa Island in the heart of the Village. During peak season, it rents for up to $2800/week! It also has over an 85% occupancy rate for a short term rental. Recently rewired, painted and new dual paned windows installed. It is located in the heart of the Village,...Investor Alert! $45,000 price reduction! What better place to invest your money than a high end, high yield location like Newport Beach? This charming, updated beach house has the capability of being a cash cow. It has a prime location on Balboa Island in the heart of the Village. During peak season, it rents for up to $2800/week! It also has over an 85% occupancy rate for a short term rental. Recently rewired, painted and new dual paned windows installed. It is located in the heart of the Village, just a few steps to a myriad of shops and eateries. You are also only a block from the water where you can stroll around the island, watch endless sunsets and catch the boats coming in and out of the harbor. Opportunity is knocking. What are you waiting for? Make sure to look at the virtual tour, also on YouTube!
  1. Listed by Sharon Kaak • DRE #01337639 • Brokerage DRE #01958885 • Triple Crown Real Estate

Property Details for 1305 Park Avenue

Architectural Style
Cottage
View
City Lights
Parking Spaces Total
1
Private Pool
No
Cooling Type
N/K
Total Units
1.0
Building Type
Detached
Lot Size Source
Assessor

Location

Listing Courtesy of Triple Crown Real Estate, Sharon Kaak, DRE #01337639

Sold By Compass, Sharon McKinnon, DRE #00828100

Add your commute
LISTING UPDATED: 08/10/2020 10:03 AM

Property Details for 1305 Park Avenue

StatusClosed
MLS #PW20099525
Days on Market32
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.03 AC / 1,170 SF
CountyOrange County

Location

Listing Courtesy of Triple Crown Real Estate, Sharon Kaak, DRE #01337639

Sold By Compass, Sharon McKinnon, DRE #00828100

Add your commute

Virtual Tour

Building Information for 1305 Park Avenue

Stories2Residences-Year Built1948Building Size-Lot Size0.03 AC / 1,170 SF

Payment Calculator

$9,184 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,695

Property Taxes

$1,489

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1305 Park Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $72,000
  • Net Operating Income: $51,099
  • Financing: Conventional
Expense Details
  • Operating Expense: $20,901
  • New Taxes Expense: $16,225
  • Fuel Expense: $0
  • Electric Expense: $840
  • Insurance Expense: $1,116
  • Trash Expense: $360
  • Water Sewer Expense: $360
  • Total Expenses: $20,901
Tax / Assessment Info
  • Tax Block: 1
  • Tax Tract Number: 102
  • Tax Census Tract: 630.06
  • Tax Lot: 17
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Biking, Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Free-Standing Range
  • Equipment: Garage
  • Room Type: Kitchen, Living Room, Main Floor Bedroom
  • Bedroom Features: Main Floor Bedroom
  • Laundry: Yes
  • Laundry Features: In Garage
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating: Wall Furnace
  • Flooring: Wood
  • Virtual Tour URL Unbranded: https://youtu.be/FH-SuhqgGJ8
Exterior Features
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Metal Siding
  • Exterior: Metal
  • Roof: Metal
  • View Description: City Lights
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Level with Street, Level
  • Number Of Units: 1
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Meter on Property
  • Sewer: Public Sewer
  • Utilities: Electricity Connected
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking: Yes
  • Parking Garage: Public
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
  • Parking Features: Garage Faces Rear, Public
Property / Structure Info
  • Builders Tract Name: Balboa Island - Main Island (BALM)
  • Builders Tract Code: Balboa Island - Main Island (BALM)
Unit Information
Unit 1
  • 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: $72,000
  • Unit Type Total Rent: $72,000
  • Unit Type Pro Forma: 90000
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 1
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Number With Disposal: 1

Property History for 1305 Park Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1305 Park Avenue

Taxable ValueLand$1,416,333Additions$50,631Total$1,466,964
Tax Record2023$17,864 ($1,489 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,129 SqFtAbove Grade Finished SqFt1,129 SqFtStories1Lot Size1,170 SqFtStyleSingle Family ResidenceYear Built1948CountyORANGEAPN050-172-24

Schools near 1305 Park Avenue

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

Corona Del Mar High School
Public7 to 12

Monte Vista High School
PublicK to 12

Back Bay High School
Public9 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Triple Crown Real Estate, Sharon Kaak, DRE #01337639

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.