4802 Neptune Ave Newport Beach, CA 92663
6 Beds
4 Baths
2,304 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,304 sqft
Price per Sqft $1,757
MLS Listing ID LG-26176637
Style Contemporary
Bedrooms 6
Full Baths 4
Year Built 1962
Lot Size 3,358 Sqft
Property Sub-Type Duplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
This property is currently appraised at $4,050,000 (MAI Appraisal). As a short-term rental, the estimated value increases to $4,555,000. Additionally, the large lot has the potential for constructing an Accessory Dwelling Unit (ADU) in the back, which could push the total value of the property to well over $6,000,000. You won't find other properties on the Peninsula that offer this type of opportunity.
This rare investment is just steps from the beach, located in one of Newport Beach's most desirable coastal communities. It features a two-car garage and offers peak ocean views from the balcony. The property is conveniently situated just a quick drive from all that Orange County has to offer, including:
- Pelican Hill Golf and Resort (10 minutes)
- John Wayne Airport (10 minutes)
- Angel Stadium & Honda Center (15 minutes)
- Disneyland (20 minutes)
- Knotts Berry Farm (20 minutes)
- Laguna Beach (15 minutes)
- Huntington Beach Pier (5 minutes)
- Newport Harbor Fun Zone (3 minutes)
- Fashion Island (5 minutes)
- Segerstrom Hall & South Coast Plaza (15 minutes)
Furthermore, this property presents an excellent opportunity for use as a primary residence. The upstairs can serve as a living space while the lower unit can be rented out as an income-producing property.
Both units are currently rented on a month-to-month basis. Please contact the agent for showings.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Interior
Interior Features Balcony, Block Walls, Ceiling Fan(s), Granite Counters, Living Room Deck Attached, Open Floorplan, Recessed Lighting
Heating Central
Cooling Central Air
Fireplaces Type None
Laundry Inside
Exterior
Parking Features Driveway
Garage Spaces 2.0
Pool None
Community Features Street Lights, Suburban, Watersports
View Y/N Yes
View Ocean, Peek-A-Boo, White Water
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer