$1,500,000
●
Land -
Off Market
1016 Dover Drive
Newport Beach, CA 92660
Studio
0 Bath
$2,458,064
RealtyHop Estimate
46.75%
Since Aug 1, 2019
National-US
Primary Model
About This Property
AMAZING OPPORTUNITY!! This is the perfect chance to create your own
pefect home sweet and have your creativity and personlity grace
your next home. Whether you're looking to rebuild or remodel; there
is not better possibility than this gorgeous lot situated in the
exclusive area of Dover Shores / Westcliff community. This nearly
10,000 square foot lot features beautiful landscaping providing
much needed shade under 2 amazing trees, it also features an
in-ground swan pool with an attached love seat jacuzzi in the
generous back yard. It is wonderfully located in Newport Mesa
School District with Mariner's Elementary, Ensign Middle School,
and Newport Harbor High School for families with school-aged
children. You will enjoy being so close to Dover Shores, Newport's
Back Bay, Bob Henry Park, Mariner's Park, Castaways Park, Back Bay
Beach, North Star Beach, and Newport Aquatic Center. This is a
great opportunity to remodel and make it your own or build your
next custom home within this highly desirable and coveted
neighborhood of Newport Beach. Just minutes away from Fashion
Island, Balboa Island, the Balboa Peninsula, Corona Del Mar, and
Crystal Cove State Beach!! This one won't last long!!! Welcome
home!
Unit Size
-
Days on Market
287 days
Land Size
0.22 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1956
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (CRMLS #OC18235772)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 14, 2019 | No longer available | - | |
| No longer available | |||
| Jul 11, 2019 | Sold | ||
| Sold | |||
| Sep 27, 2018 | Listed by First Team Estates | $1,675,000 | |
| Listed by First Team Estates | |||
| Aug 27, 2018 | Listed | $1,675,000 | |
| Listed | |||
| | |||
|
AMAZING OPPORTUNITY!! Enormous lot situated in the exclusive area of Dover Shores / Westcliff community. Located in Newport Mesa School District with Mariner's Elementary, Ensign Middle School, and Newport Harbor High School. You will enjoy being so close to Dover Shores, Newport's Back Bay, Bob Henry Park, Mariner's Park, Castaways Park, Back Bay Beach, North Star Beach, and Newport Aquatic Center. This lot also features an in-ground swan pool in the generous back yard. This is a great opportunity to remodel and make it your own or build your next custom home within this highly desirable and coveted neighborhood of Newport Beach. Just minutes away from Fashion Island, Balboa Island, the Balboa Peninsula, Corona Del Mar, and Crystal Cove State Beach!! This one won't last long!!! Welcome home! The manager has listed the unit size as 1599 square feet.
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Property Highlights
Garage
Parking Available
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Type
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ft²
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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Newport Beach
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Listed by: Adam Renteria, First Team Estates
Last Updated: 5 months ago
Data Source: CRMLS, MLS# OC18235772
Last Updated: 5 months ago
Data Source: CRMLS, MLS# OC18235772
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