Price Reduction
Address
111 Via Florence Newport Beach, CA
Price
$ 3,275,000
Property Attributes
  • MLS#OC20251545
  • TypeIncome
  • CountyORANGE
  • CityNewport Beach
  • AreaWest Newport - Lido
  • NeighborhoodLido Island
  • Zip92663
  • Style
  • Price$ 3,275,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3520
  • Lot Size4,273 SqFt
Listing Provided Courtesy Of:
Steven Brombal with Kidder Mathews of California, Inc.
Property Description

BACK ON MARKET - $325,000 Price Reduction. Lido Isle 5 is offered through probate, however no court confirmation is required. The listing Brokers are in direct communication with the trustee overseeing the sale. Beneficiaries are motivated to sell. The building, like may on the Isle, has a very private large courtyard for residents use. Residents have creatively decorated under the upstairs overhang to create quaint outdoor sitting spaces. The property has a Mediterranean-style tile pitched roof and (5) enclosed garages; there are three hot water heaters. The property features (4) large one-bedroom, one-bath residences and (1) two-bedroom, one-bath unit which is upstairs and has a fireplace and separate dinning room. All unit interiors are very spacious and charming. There are vinyl windows throughout the building and each unit has panel ray heat. There is some level of interior upgrades including scrapped ceilings, crown molding, and newer kitchen granite counter top and cabinets. Some unit interiors feature marble tile entry, kitchen and bath flooring. The property and grounds are exceptionally clean and a pride of residency is evident by tenants as well. The building is mastered metered for utilities accentuating that rental rates are extremely low. Ownership has resided in Northern California, and there is a 3rd party management company overseeing the building. As a result, rents are significantly under market. Email the Listing Broker for a Marketing Brochure.

Price History
12/4/2020 Listed $3,600,000
1/20/2021 10% - $3,275,000

General Features

Appliances Gas Oven, Gas Range, Gas Water Heater
Association Y/N Yes
Attached Structure Attached
Community Features Curbs, Fishing, Watersports, Sidewalks, Street Lights
Construction Materials Stucco, Wood Siding
Cooling None
Directions Via Lido Soud & Via Florence
Flooring Carpet, Tile
Garage Spaces 5.00
HOA Fee 1532.00
HOA Fee Frequency Annually
Heating Wall Furnace
Levels Two
Listagentaor Orange County
Listing Agent Steven Brombal - BRE#00972129
Listing Agent State License 00972129
MLS Area N8 - West Newport - Lido
Parking Features Garage Faces Rear, Garage - Single Door, Garage - Two Door
Pool Features None
Price Per Square Foot 930.40
Property Attached Y/N Yes
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Probate Listing
Subdivision Name Lido Island (LIDO)
Subdivision Name Lido Island (LIDO)
Total Units 5

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Appliances Y/N Yes
Common Walls 2+ Common Walls
Fireplace Features Living Room
Fireplace Y/N Yes
Heating Y/N Yes
Laundry Features Community
Laundry Y/N Yes
Studio Area Unit Type Square Feet

Exterior Features

Building Area Total 3520.00
Fence Y/N Yes
Fencing Block
Lot Features Landscaped
Lot Size Acres 0.0981
Lot Size Area 4273.0000
Lot Size Source Assessor
Lot Size Square Feet 4273.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 1
Number of Separate Gas Meters 1
Number of Separate Water Meters 1
Parking Y/N Yes
Road Frontage Type City Street
Road Surface Type Paved
Total Parking 5.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92663

Price
AVG $3.26M
$3.28M
Visits
AVG 113
26
Year Built
AVG 1957
1948
Walkscore
AVG 78
59
Data Provided by Walkscore ® not using MLS data

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