1514 West Oceanfront

Newport Beach, CA 92663

$5,995,000
Price
6
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Rare legal oceanfront Triplex in highly desired, central oceanfront location on the boardwalk between the two piers was recently remodeled earlier this year. Excellent income history with proven track record and immaculate condition. Stunning unobstructed "sit-down" ocean, Catalina and sunset views from the 2 front units. Recent upgrades include termite clearance, new interior and exterior paint in all units, remodeled kitchens, new tiled bathrooms with seamless glass showers, double sinks and quartz...

Property Details for 1514 West Oceanfront

Architectural Style
Traditional
View
Catalina, Coastline, Ocean, Panoramic, Pier, Water, White Water
Parking Spaces Total
3
Private Pool
No
Cooling Type
None

Property Details for 1514 West Oceanfront

StatusActive
MLS #OC20139091
Year Built1957
Compass TypeMulti Family
MLS TypeResidential Income
Lot Size0.07 AC / 3,049 SF
Taxes-
Condo/Co-op Fees-
HOA Fees-
CountyOrange County

Listing Agent

Dean Lueck

Compass

dean.lueck@compass.com

P: 949.275.1801

DRE #01752859

Contact Agent(s)

Virtual Tour

Location

Listing Courtesy of Compass, Dean Lueck, DRE #01752859; Compass, Tara McNabb, DRE #01871729

Listing Agents

  1. Dean Lueck

    Listing Agent

    Compass

    DRE #01752859

    dean.lueck@compass.com

    P: 949.275.1801

  2. Tara McNabb

    Alternative Listing Agent

    Compass

    DRE #01871729

Building Information for 1514 West Oceanfront

Stories2Residences-Year Built1957Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$21,563 per month

30 year fixed, 3.51% Interest

Principal and Interest

$21,563

Property Taxes

HOA Dues

$0

Similar Homes

Property Information for 1514 West Oceanfront

Property Features
    Interior Features
  • Appliances: Dishwasher, Electric Cooktop, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator
  • Common Walls: No Common Walls
  • Fireplace: Yes
  • Fireplace Features: Living Room
  • Flooring Type: Laminate, Tile, Wood
  • Heating Type: Electric
  • Interior Features: Beamed Ceilings, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Crown Molding, Furnished, Granite Counters, High Ceilings, Open Floorplan, Recessed Lighting, Stone Counters, Storage
  • Laundry: Yes
  • Laundry Equipment Own Lease: Own
  • Laundry Features: Common Area, Dryer Included, Gas & Electric Dryer Hookup, Individual Room, Washer Included
  • Levels: Two
  • Total Units: 3.0
  • Room Type: Great Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom
  • View: Yes
    Exterior Features
  • Door Features: Sliding Doors
  • Fence: Yes
  • Fencing: Wood
  • Pool Features: None
  • Roof: Composition
  • Spa: No
  • Spa Features: None
  • Window Features: Custom Covering
  • Waterfront Features: Beach Access, Beach Front, Ocean Front, Ocean Side of Freeway, Ocean Side Of Highway 1
    Parking Info
  • Garage Spaces: 3
  • Parking: Yes
  • Parking Features: No Driveway
    Water Details
  • Water Source: Public
Property / Structure Info
    Property / Structure Info
  • Construction Materials: Stucco
  • New Construction: No
  • Property Attached YN: false
  • Parcel Number: 04721120
  • Property Condition: Termite Clearance, Turnkey, Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Stories Total: 2
  • Year Built: 1957
  • Year Built Source: Assessor
    Measurements / Dimensions
  • Building Area Total: 2800
  • Building Area Units: Square Feet
  • Living Area: 2800
Community/Development / Location Info
    School/Location Info
  • Zip Code: 92663
  • Street Number Numeric: 1514.0
  • Street Name: Oceanfront
  • Street Direction Prefix: W
  • Country: US
  • County Or Parish: Orange
  • Directions: Balboa to 15th
  • MLS Area Major: Balboa Peninsula (NP)
    Association Information
  • Association: No
  • Community Features: Biking, Fishing, Park, Watersports, Storm Drains, Street Lights
  • Association Fee: $.00
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • Senior Community: No
Income / Expense / Tax / Assessment Details
    Tax / Assessment Info
  • Assessments: Unknown
  • Assessments YN: Yes
  • Current Financing: None
  • Tax Census Tract: 628.00
  • Tax Block: 15
  • Tax Lot: 8
  • Tax Tract Number: 515
    Income Details
  • Cap Rate: 3.4
  • Gross Income: $376,726
  • Gross Multiplier: 15.91
  • Gross Operating Income: $376,728
  • Gross Scheduled Income: $376,728
  • Laundry Income: $2,500
  • Net Operating Income: $202,124
  • Present Loans: $0
    Expense Details
  • Cable TV Expense: $1,548
  • Electric Expense: $6,591
  • Insurance Expense: $3,011
  • Licenses Expense: $4,787
  • Maintenance Expense: $10,000
  • New Taxes Expense: $66,000
  • Operating Expense: $174,604
  • Other Expense: $968
  • Other Expense Description: Acct/Adv
  • Professional Management Expense: $74,845
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Supplies Expense: $499
  • Total Expenses: $174,604
  • Trash Expense: $660
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Water Sewer Expense: $3,000
Unit Information
    Unit 1
  • Unit Type Actual Rent: $0
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Pro Forma: 146131
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $0
  • Unit Type Type: 1
    Unit 2
  • Unit Type Actual Rent: $0
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Pro Forma: 148470
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $0
  • Unit Type Type: 2
    Unit 3
  • Unit Type Actual Rent: $0
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Pro Forma: 79626
  • Unit Type Units Total: 1
  • Unit Type Total Rent: $0
  • Unit Type Type: 3
    Multi-Unit Info
  • Number Of Buildings: 1
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Wall AC: 0
  • Number With Carpet: 0
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Drapes: 3
  • Number With Patio: 1
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average 2 Bed Area: 900
Rental Info
    Rental Info
  • Rent Controlled: No
  • Tenant Pays: Janitorial Service
Land/Lot Info
    Land/Lot Info
  • Land Lease: No
  • Lot Features: Level with Street, Rectangular Lot, Park Nearby, Walkstreet
  • Lot Size Acres: .07
  • Lot Size Dimensions: 30' X 103'
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 3049
  • Lot Size Units: Square Feet
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Sewer: Public Sewer
    Potential/Present Land Use
  • Topography: Level

Property History for 1514 Oceanfront undefined

DateEvent & SourcePriceAppreciation
Jul 18, 2020

Listed (Active)

CRMLS #OC20142121

$5,995,000
Jul 17, 2020

Listed (Active)

SDMLS #OC20142121

$5,995,000
Jul 17, 2020

Listed (Active)

CRMLS #OC20139091

$5,995,000
DateEvent & SourcePrice
07/18/2020

Listed (Active)

CRMLS #OC20142121

$5,995,000
07/17/2020

Listed (Active)

SDMLS #OC20142121

$5,995,000
07/17/2020

Listed (Active)

CRMLS #OC20139091

$5,995,000

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

Public Records for 1514 West Oceanfront

Taxable ValueLand$2,434,782Additions$114,336Total$2,549,118
Tax Record2018$28,466
Home Facts
Total Finished SqFt2,880 SqFtAbove Grade Finished SqFt2,880 SqFtLot Size3,075 SqFtStyleMulti-Family Dwelling (2-4)Year Built1957CountyORANGEAPN04721120

Schools near 1514 West Oceanfront

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Newport Elementary SchoolPublicPK-60.2 mi
9
Horace Ensign Intermediate SchoolPublic7-80.9 mi
7
Newport Harbor High SchoolPublic9-121.2 mi
8
Newport-Mesa AdultPublic3.0 mi
NR

Newport Elementary School

PK-6, 0.2 mi, Public

9

Horace Ensign Intermediate School

7-8, 0.9 mi, Public

7

Newport Harbor High School

9-12, 1.2 mi, Public

8

Newport-Mesa Adult

3.0 mi, Public

NR

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 Sold Homes

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

1514 West Oceanfront is a multi-family home for sale in Newport Beach, CA 92663. This property was listed for sale on July 16, 2020 by Compass at $5,995,000. It has been on the market for a total of 20 days and was last sold on November 5, 2003. This listing's school district is Newport-Mesa Unified School District. Nearby schools include Back Bay High School, Monte Vista High School and Horace Ensign Intermediate School. 1514 West Oceanfront is a 6-bed, 3-bath, multi-family home built in 1957. This address can also be written as 1514 Oceanfront undefined.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.

Listing Courtesy of Compass, Dean Lueck, DRE #01752859; Compass, Tara McNabb, DRE #01871729

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