114 Onyx Avenue

Newport Beach, CA 92662

$4,000,000
Price
7
Beds
5
Baths
2,596 Sq. Ft.
$1,541 / Sq. Ft.
2,596
Sq. Ft.
$1,541
per Sq. Ft.

Description

ONE (1) ACTIVE TRANSFERABLE SHORT TERM LODGING PERMIT (lower unit) - Introducing an exciting investment opportunity located in the heart of Newport Beach's Balboa Island. This unique property is just steps to quaint Marine Avenue with its array of shops and restaurants, providing a convenient and vibrant lifestyle. Three (3) units in total - two (2) 3 bedrooms with 2 baths each and an upper studio with loft and rooftop access. The lower unit comes with a short-term rental permit, making it an ideal...ONE (1) ACTIVE TRANSFERABLE SHORT TERM LODGING PERMIT (lower unit) - Introducing an exciting investment opportunity located in the heart of Newport Beach's Balboa Island. This unique property is just steps to quaint Marine Avenue with its array of shops and restaurants, providing a convenient and vibrant lifestyle. Three (3) units in total - two (2) 3 bedrooms with 2 baths each and an upper studio with loft and rooftop access. The lower unit comes with a short-term rental permit, making it an ideal income-generating property. Enjoy breathtaking city and harbor views from the rooftop deck, perfect for entertaining or simply relaxing and taking in the scenery. Don't miss out on this rare opportunity to own a piece of Balboa Island real estate with endless potential.
  1. Listed by Julia Morton • DRE #02016387 • Brokerage DRE #02179388 • White Sail Realty • 949-933-2906
  2. Listed by Orlando Clarizio • DRE #01944646 • Brokerage DRE #02179388 • White Sail Realty

Property Details for 114 Onyx Avenue

View
Harbor
Parking Spaces Total
3
Private Pool
No
Cooling Type
N/K
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2596
LISTING UPDATED: 12/09/2024 03:50 AM

Property Details for 114 Onyx Avenue

StatusActive
MLS #NP24186562
Days on Market95
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.06 AC / 2,614 SF
CountyOrange County

Building Information for 114 Onyx Avenue

Stories3Residences-Year Built1959Building Size-Lot Size0.06 AC / 2,614 SF

Property Information for 114 Onyx Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $232,000
  • Net Operating Income: $155,440
Expense Details
  • Operating Expense: $76,560
  • Operating Expense Percent: 33.00%
  • New Taxes Expense: $60,000
  • Gardener Expense: $100
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $10,000
  • Trash Expense: $0
  • Water Sewer Expense: $1,500
  • Total Expenses: $11,600
Tax / Assessment Info
  • Tax Block: 1
  • Tax Tract Number: 102
  • Tax Census Tract: 630.06
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 23
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Interior Features: Ceiling Fan(s)
  • Laundry: Yes
Exterior Features
  • Roof: Composition
  • Entry Location: front of Bldg
  • View Description: Harbor
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Carport
  • Parking Garage Spaces: 0
  • Carport Spaces: 3
  • Parking Features: Carport
Property / Structure Info
  • Builders Tract Name: Balboa Island - Main Island
  • Builders Tract Code: Balboa Island - Main Island (BALM)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 130000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 66000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 36000
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 0
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number With Dishwasher: 3
  • Number With Refrigerator: 2
  • Number With Carpet: 2
  • Number With Patio: 3
  • Number Wall AC: 1

Property History for 114 Onyx 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 114 Onyx Avenue

Taxable ValueLand$3,772,047Additions$127,953Total$3,900,000
Tax Record2024$44,497 ($3,708 / month)
Home Facts
Total Finished SqFt1,758 SqFtAbove Grade Finished SqFt1,758 SqFtStories2Lot Size2,550 SqFtStyleTriplexYear Built1959CountyORANGEAPN050-172-26

Schools near 114 Onyx Avenue

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 12
Public - K to 12
Public - 9 to 12
Rating
School
Distance
Abraham Lincoln Elementary School
PublicK to 6

Corona Del Mar High School
Public7 to 12

Monte Vista High School
PublicK to 12

Back Bay High School
Public9 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.

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114 Onyx Avenue is a multi-family home for sale in Newport Beach, CA 92662. This property was listed for sale on September 9, 2024 by White Sail Realty, it's currently listed at $4,000,000. This listing's school district is Newport-Mesa Unified School District. Nearby schools include Abraham Lincoln Elementary School, Corona Del Mar High School and Monte Vista High School. 114 Onyx Avenue is a 7-bed, 5-bath, 2,596 sqft multi-family home built in 1959.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of White Sail Realty, Julia Morton, DRE #02016387; White Sail Realty, Orlando Clarizio, DRE #01944646

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.