5102 Neptune Avenue

Newport Beach, CA 92663

$3,150,000
Last Sold Price
6
Beds
4
Baths
3,075 Sq. Ft.
$1,024 / Sq. Ft.
3,075
Sq. Ft.
$1,024
per Sq. Ft.

Description

Here is the incredible beach paradise very rare income opportunity you have been looking for! This great property is all about location, location, location located smack in the middle of the Peninsula within steps to the beach, world class surfing and all the summer fun. This highly sought after rarely on the market large 3075 sq ft home is just steps from the beach and perfect for an owner-occupied investment property, rent both units or even apply for vacation rental permits. Two blocks from the...Here is the incredible beach paradise very rare income opportunity you have been looking for! This great property is all about location, location, location located smack in the middle of the Peninsula within steps to the beach, world class surfing and all the summer fun. This highly sought after rarely on the market large 3075 sq ft home is just steps from the beach and perfect for an owner-occupied investment property, rent both units or even apply for vacation rental permits. Two blocks from the beach you will be able to get top rental income no matter what rental path you choose. This great property boasts a huge upper unit of 4 beds and 2 baths and the lower is 2 beds and 2 baths. A giant four car garage with new garage door and opener is perfect space for all your tenants. The upper unit is extremely spacious with it's huge vaulted ceilings and great front porch for people watching and enjoying those cool summer nights. The freshly remodeled lower unit is very open and airy with a great private back patio to enjoy the beautiful Newport weather. The property also has a new roof, garage door and opener. This rarely available type of property is priced to sell so it won't last long. Don't miss this opportunity.
  1. Listed by Shane Dailey • DRE #01484412 • Brokerage DRE #01484412 • Cal Mutual Inc

Property Details for 5102 Neptune Avenue

Style
Traditional
Accessibility Features
None
Parcel Number
42450408
Total Units
2.0
Living Area
3075
Source Living Area
Owner
Area
West Newport - Lido (N8)
Vacancy Rate
0

Location

Listing Courtesy of Cal Mutual Inc, Shane Dailey, DRE #01484412

Sold By City Bancorp Inc., Novelle Shakeel-Campoli, DRE #02086492

Add your commute
LISTING UPDATED: 11/21/2023 06:49 PM

Property Details for 5102 Neptune Avenue

StatusSold
MLS #23-252781
Days on Market199
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1973
Lot Size0.07 AC / 3,010 SF
CountyOrange County

Location

Listing Courtesy of Cal Mutual Inc, Shane Dailey, DRE #01484412

Sold By City Bancorp Inc., Novelle Shakeel-Campoli, DRE #02086492

Add your commute

Building Information for 5102 Neptune Avenue

Stories2Residences-Year Built1973Building Size-Lot Size0.07 AC / 3,010 SF

Payment Calculator

$17,694 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,191

Property Taxes

$503

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5102 Neptune Avenue

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 2
  • View: Yes
  • View Description: Peek-A-Boo, Ocean
  • View: Peek-A-Boo, Ocean
  • Direction Faces: West
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
Contract Info
Contract Info
  • Financing: Conventional, Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $90,000
  • Net Operating Income: $83,187.00
  • Gross Income: $90,000
  • Gross Rent Multiplier: $.00
  • Actual Annual Gross Rent: $90,000.00
  • Owner Pays: Water
  • Total Annual Expense: 6813
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0691
  • Lot Size Square Feet: 3010
  • Lot Description: Walk Street
  • Lot Location: Beach Access, Park Nearby
Parking Details
Parking Details
  • Parking Garage: Attached, Driveway, Garage - 4+ Car
  • Total Parking: 7
  • Open Other Spaces Total: 1
  • Garage Spaces Total: 4
  • Parking Features: Driveway
  • Attached Garage: Yes
  • Garage Structures Total: 0.0
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: Living Room, Primary Bedroom
  • Fireplace Rooms: Living Room, Master Bedroom
  • Cooling: None
  • Cooling Type: None
  • Heating: Forced Air
  • Heating Type: Forced Air
  • Flooring: Tile, Laminate, Carpet
  • Equipment: Refrigerator, Electric Dryer Hookup, Gas Or Electric Dryer Hookup, Range/Oven
  • Interior Features: Cathedral-Vaulted Ceilings, Open Floor Plan, Living Room Deck Attached, Living Room Balcony, High Ceilings (9 Feet+)
  • Room Kitchen Features: Tile Counters
  • Kitchen Features: Tile Counters
  • Cooking Appliances: Gas
  • Laundry: Garage
  • Disability Access: None
  • TV Services: Cable TV
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Asphalt
  • Patio Features: Balcony, Concrete Slab, Living Room Balcony, Living Room Deck Attached, Enclosed, Patio Open
  • New Construction: No
  • Construction Materials: Wood Siding
  • Exterior Construction: Wood Siding
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-21-2023
  • Listing Terms: Cash To New Loan, Conventional
  • Tenant Pays: Electricity, Gas, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,000.00
  • Unit Actual Rent: $4,000.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $8,000.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
  • Number of Carpet: 1
  • Number of Dishwasher: 2
  • Number of Disposal: 2
  • Number of Electric Meters: 2
  • Number of Gas Meters: 2
  • Number Leased: 2
  • Number Patio: 2
  • Number Range: 2
  • Number Refrigerator: 2
  • Number Rented Garages: 2
  • Number Water Meters: 2
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $205,742.00
  • Assessed Improvement Percent: 39.95
  • Assessed Land Value: $309,206.00
  • Assessed Land Percent: 60.05
  • Assessed Total Value: $514,948.00

Property History for 5102 Neptune 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 5102 Neptune Avenue

Taxable ValueLand$315,390Additions$209,856Total$525,246
Tax Record2023$6,035 ($503 / month)
Home Facts
Total Finished SqFt1,465 SqFtAbove Grade Finished SqFt1,465 SqFtLot Size3,122 SqFtStyleMulti-Family Dwelling (2-4)Year Built1973CountyORANGEAPN424-504-08

Schools near 5102 Neptune Avenue

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 Cal Mutual Inc, Shane Dailey, DRE #01484412

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.