Listed by: Sean Jarne, First Team Real Estate
$1,900,000
●
House -
Off Market
234 Walnut Street
Newport Beach, CA 92663
2 Beds
2 Baths
1,249 Ft²
$9,881
Est. Monthly
$60
HOA / Fees
2.24%
Cap Rate
About This Property
Don't miss this opportunity to live across the street from the
Beach! As you walk up to the front door you are greeted by a
private patio and a Dutch front door. There is a large living room
with fireplace open to the dining room and remodeled kitchen. High
ceilings and lots of windows add to a open and airy feeling
throughout the living area. There are 2 large private outdoor
patios open to the living area. As you move through the home there
are 2 total bedrooms. The oversize master bedroom with
private bathroom was created by combining 2 bedrooms and can be
returned to 2 separate bedrooms. Both bathrooms have been
completely remodeled and are move in ready. To the rear of
the property there is a 2 car oversize garage with private laundry.
The community has extremely low HOA dues with community amenities
including a pool, tennis court and basketball area as well as a
club house and park area. Less than 100 yards from the beach, walk
to restaurants and shops, don't miss out on this opportunity!
Unit Size
1,249 Ft²
Days on Market
73 days
Land Size
0.06 acres
Price per sqft
$1,601
Property Type
House
Property Taxes
-
HOA Dues
$60
Year Built
1962
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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: 3 years ago (CRMLS #LG24077057)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2024 | In contract | - | |
| In contract | |||
| Jul 5, 2024 | Sold | ||
| Sold | |||
| Apr 23, 2024 | Listed by First Team Real Estate | $1,999,999 | |
| Listed by First Team Real Estate | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Newport Beach
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Listed by: Sean Jarne, First Team Real Estate
Last Updated: 3 years ago
Data Source: CRMLS, MLS# LG24077057
Last Updated: 3 years ago
Data Source: CRMLS, MLS# LG24077057
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