122 29th Street

Newport Beach, CA 92663

$2,700,000
Last Sold Price
5
Beds
4
Baths
1,600 Sq. Ft.
$1,688 / Sq. Ft.
1,600
Sq. Ft.
$1,688
per Sq. Ft.

Description

Coastal Retreat and investment opportunity in Newport Beach! Discover the epitome of coastal living at 122 29th St. nestled in the heart of Newport Beach. Situated just steps away from the pristine sands of Newport Beach, this triplex embodies the quintessential Southern California lifestyle. Enjoy outdoor living at its finest with a private patio, perfect for al fresco dining and entertaining guests amidst the gentle sound of nearby waves. Located in a desirable neighborhood known for its charming...Coastal Retreat and investment opportunity in Newport Beach! Discover the epitome of coastal living at 122 29th St. nestled in the heart of Newport Beach. Situated just steps away from the pristine sands of Newport Beach, this triplex embodies the quintessential Southern California lifestyle. Enjoy outdoor living at its finest with a private patio, perfect for al fresco dining and entertaining guests amidst the gentle sound of nearby waves. Located in a desirable neighborhood known for its charming atmosphere and proximity to local shops, restaurants, and recreational activities. Convenient access to major highways and nearby airports for easy travel. 122 29th St represents a rare opportunity to own a coastal triplex in one of Newport Beach's most sought-after locations.
  1. Listed by Brandon Hobbs • DRE #01929235 • Brokerage DRE #02187306 • EQTY Forbes Global Properties • 949-438-4908
  2. Listed by Tamara Farris • DRE #02225549 • Brokerage DRE #02187306 • EQTY Forbes Global Properties

Property Details for 122 29th Street

Parking Spaces Total
2
Private Pool
No
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1600
Assessor Parcel Number
047-091-04
Property Attached YN
false
LISTING UPDATED: 08/14/2024 09:29 AM

Property Details for 122 29th Street

StatusClosed
MLS #OC24147571
Days on Market3
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.05 AC / 2,378 SF
CountyOrange County

Building Information for 122 29th Street

Stories1Residences-Year Built1948Building Size-Lot Size0.05 AC / 2,378 SF

Property Information for 122 29th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $37,200
  • Gross Scheduled Income: $37,200
  • Net Operating Income: $34,700
  • Financing: Cash
Expense Details
  • Operating Expense: $2,500
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Block: 28
  • Tax Tract Number: 512
  • Tax Census Tract: 635.00
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 16
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: In Garage
Exterior Features
  • Entry Location: Main
  • Miscellaneous: Value in Land
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot, Value In Land
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One, Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Balboa Peninsula (BALP)
  • Builders Tract Code: Balboa Peninsula (Residential) (BALP)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,100
  • Unit Type Total Rent: $2,100
  • Unit Type Pro Forma: 3600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • 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: 4000
  • 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: 0
  • Unit Type Actual Rent: $1,000
  • Unit Type Total Rent: $1,000
  • Unit Type Pro Forma: 1700
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 122 29th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 122 29th Street

Taxable ValueLand$74,428Additions$38,161Total$112,589
Tax Record2024$1,726 ($144 / month)
Home Facts
Beds2Total Finished SqFt608 SqFtAbove Grade Finished SqFt608 SqFtStories1Lot Size2,369 SqFtStyleSingle Family ResidenceYear Built1948CountyORANGEAPN047-091-04

Schools near 122 29th Street

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. 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 EQTY Forbes Global Properties, Brandon Hobbs, DRE #01929235; EQTY Forbes Global Properties, Tamara Farris, DRE #02225549

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.