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Sq.Ft. Lot2,614
Year1982
Status:
Sold
Property Type:Residential Income (Multi-Family)
MLS #:NP15184596
Date Sold:10/23/2015
Lot Size:2,614 Sq. Ft.
County:Orange
Listing Agent/Office
Agent:Marlene Hassel
Office:Villa Real Estate
Trophy property right in the heart of super cool Cannery Village this is an ideal live/work set up for anyone wanting to live near the beach and work in a professional semi-urban environment. The building consists of three businesses with two bathrooms, and a residential unit with two bedrooms/one bath plus a separate loft space and rooftop deck. The building is well kept and has 3 garages. All rents are below current market and this property still represents a good investment. Rents include partial utilities. Cannery Village is ever evolving and some major new developments are on the horizon including a boutique hotel in the old City Hall space, luxury condominiums at the St. James church location and surrounding areas, renovations to Lido Marina Village by new owners, all in addition to major development underway a little further down the peninsula.
Detailed Maps
Community Information
Address:412 31st St, Newport Beach, CA 92663
Area:N8 - West Newport - Lido
County:Orange
City:Newport Beach
Subdivision:Central Newport (Cnew)
Zip Code:92663
Architecture
Year Built:1982
Stories:2
Number of Buildings: 1
Total Units: 4
Garage Spaces: 3.0
Parking Total: 6.0
Features / Amenities
Common Walls: 1 Common Wall
Property Features
Lot Size:
0.06 Acres / 2,614 Sq. Ft.
Utilities: Sewer Available, Sewer Connected
Sewer: SewerTapPaid
Water: Public
Road Frontage: Alley
Road Surface: Maintained
Directions:South on Balboa Blvd., left on 32nd, right on Villa, right on 31st (one way street)
Tax and Financial Info
Buyer Financing: Conventional
Gross Income: $8,225
Gross Scheduled Income: $98,700
Net Operating Income: $67,010
Insurance Expense: $5,496
Maintenance Expense: $2,248
New Taxes Expense: $20,813
Operating Expense: $31,690
Terms: CashtoNewLoan
Total Actual Rent: $8,225
Schools
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Based on information from California Regional Multiple Listing Service, Inc. as of March 22, 2023. 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. IDX provided by Sierra Interactive.