Rarely available, large, well maintained, pride of ownership, Covington Style 4-plex in a prime Newport Beach rental area near Hoag Hospital. 4150 Patrice Rd next door is also available. 3Br/2Ba owners unit has liv rm, din rm, fireplace. The 2br/1.5ba units are 2 story townhouse style. The units are all electric, indiv. metered, each has indiv. laundry hookups, Unit 'B' rehabbed this year, long term tenants w/ low rents. .At market rents gr. sch. inc. is $77400 & GRM is 19.4 x gross.
Multi-familyProperty Type
1965Year Built
5,383 sq ftLot Size
$560Est. Price/Sq.Ft.
4 car garageParking
Listed by Bruce Bayless•DRE #01280580• Star Real Estate
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
5,942 Sq. Ft.
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Other
County
Orange County
APN
42526106
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 22, 2026.
RM
Multiple Residential District
The RM Zoning District is intended to provide for areas appropriate for multi-unit residential developments containing attached or detached dwelling units.
Permitted uses
Include but are not limited to:
Livestock production
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Property details
Parking
Parking / Garage Information
# of Garage Spaces: 4
# of Parking Spaces: 4
Interior
Kitchen Information
Appliances: Dishwasher, Garbage Disposal
Heating Information
Radiant
Has Heating
Interior Features
Levels: Two
Exterior
Exterior Information
Roof: Clay
Construction Materials: Frame, Stucco
Exterior Features
Pool Features: None
Lot Information
Lot Size Source: Landlord/Lessor/Owner
Lot Size Dimensions: 50 x 107.66
Property Information
Total # of Units: 4
Parcel Number: 42526106
Financial
Lease / Rental Details
Operating Expense: $23,725
Other Expense Description: 0
Tenant Pays: Cable TV, Electricity
Total Actual Rent: $5,325
Utilities
Utilities Information
Sewer Connected
Water Source: District/Public
Location
Unit Type 1 Information
Unit Key Numeric: 170649
Listing Key Numeric: 1297593
Actual Rent: $1,350
Area Units: Square Feet
Total # of Baths: 2
Total # of Beds: 3
Furnished: Unfurnished
Total Rent: $1,350
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 170650
Listing Key Numeric: 1297593
Actual Rent: $1,550
Area Units: Square Feet
Total # of Baths: 1
Furnished: Unfurnished
Total # of Beds: 2
Total Rent: $1,550
Total # of Units: 1
Unit Type 3 Information
Listing Key Numeric: 1297593
Unit Key Numeric: 170651
Actual Rent: $1,275
Area Units: Square Feet
Total # of Baths: 1
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $1,275
Total # of Units: 1
Unit Type 4 Information
Listing Key Numeric: 1297593
Unit Key Numeric: 170652
Actual Rent: $1,150
Area Units: Square Feet
Total # of Baths: 2
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $1,150
Total # of Units: 1
Expenses
Maintenance: $1,498
Licenses: $24
Insurance: $1,992
Water Sewer: $1,524
New Taxes: $17,988
Gardener: $699
Multi-Unit Information
# of Units With Disposal: 4
# of Units With Dishwasher: 4
# of Units With Carpet: 4
Net Operating Income: $38,897
Total Building Area: 5,009
Gross Scheduled Income: $63,900
Gross Multiplier: 23.46
Gross Income: $5,325
# Of Separate Water Meters: 4
# Of Separate Electric Meters: 4
# Of Buildings: 1
Vacancy Allowance Rate: 2
Vacancy Allowance: 1278
Location Information
Latitude: 33.62688500
Longitude: -117.92923800
Road Frontage Type: Alley Access
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 5,942 square feet
Style: Other
Year Built: —
Year Renovated: —
County: Orange County
APN: 42526106
Home facts updated by county records on Jul 22, 2026
Other
Listing Information
Days Active in MLS: 26
Continuous Days Active in MLS: 26
Listing Agent Information
List Agent First Name: Bruce
List Agent Last Name: Bayless
Listing Office Information
List Office Name: Star Real Estate
Selling Agent Information
Buyer Agent First Name: Barry
Buyer Agent Last Name: Saywitz
Selling Office Information
Buyer Office Name: The Saywitz Company
Around this home
Schools
Newport Heights Elementary School
Public K-6 • Assigned • 0.6mi
10/10
Horace Ensign Intermediate School
Public 7-8 • Assigned • 0.9mi
9/10
Newport Harbor High School
Public 9-12 • Assigned • 1.0mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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