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406 Bay Ave

Newport Beach, CA 92661

2 bd 3 ba 1,060 sqft Built 1984 condos
Most recent sale
$1,310,000
Feb 29, 2024

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Feb 29, 2024 Sold $1,310,000 CRMLS
Jan 21, 2024 Listed $1,300,000 CRMLS
Jul 31, 2012 Listing removed $2,750 SoCalMLS
Jun 21, 2012 Price changed (rent) $2,750 SoCalMLS
Jun 1, 2012 Listed for rent $2,995 SoCalMLS
Nov 7, 2002 Sold $460,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $121,361 $1,210,555 $1,331,916 $14,356
2024 $121,361 $1,210,555 $1,331,916 $7,261
2023 $123,352 $517,004 $640,356 $7,088
2022 $120,934 $506,866 $627,800 $6,967
2021 $118,563 $496,928 $615,491 $6,835
2020 $117,348 $491,832 $609,180 $6,769
2019 $115,048 $482,188 $597,236 $6,634
2018 $112,793 $472,733 $585,526 $6,504
2017 $110,582 $463,464 $574,046 $6,391
2016 $108,414 $454,377 $562,791 $6,250
2015 $106,786 $447,552 $554,338 $6,189
2014 $104,695 $438,785 $543,480 $6,045
2013 $104,222 $436,802 $541,024 $6,009
2012 $102,179 $428,237 $530,416 $5,832
2011 $100,176 $419,840 $520,016 $5,686
2010 $99,428 $416,702 $516,130 $5,624
2009 $99,665 $417,692 $517,357 $5,608
2008 $97,711 $409,502 $507,213 $5,466
2007 $95,796 $401,472 $497,268 $5,349

Property facts

Year built
1984
Property type
condos
Stories
2
Beds
2
Baths
3
Living area
1,060 sqft
Lot size
ZIP code
92661
City
Newport Beach
Street
Bay Ave
Coordinates
33.60416, -117.90199

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$7,860
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 406 Bay Ave last sell?
406 Bay Ave most recently sold on Feb 29, 2024 for $1,310,000.
What is the current tax assessment for 406 Bay Ave?
The most recent total assessment for 406 Bay Ave (year 2025) is $1,331,916 with $14,356 in property tax.
How does 406 Bay Ave's assessment compare to its last sale price?
The current assessment is 1.7% above the last sale price of $1,310,000.
When was 406 Bay Ave built?
406 Bay Ave was built in 1984.
How does 406 Bay Ave compare to others on Bay Ave?
We track 8 other properties on Bay Ave. Browse the list under "Other properties on Bay Ave" to compare beds, baths, and sale history.
What are the property facts for 406 Bay Ave?
406 Bay Ave is a 2 bed, 3 bath, 1,060 sqft condos.
Is 406 Bay Ave a flip candidate?
No — 406 Bay Ave does not appear in our flips dataset.
Is 406 Bay Ave a tax-appeal candidate?
No — 406 Bay Ave is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+5.0%
Implied 1-yr
+20.1%
2026 Q2
$8.67M
2026 Q3
$9M
ZIP 92661 — Median Price History + Forecast

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