4802 Neptune Ave, Newport Beach, CA 92663
4802 Neptune Ave, Newport Beach, CA 92663
4802 Neptune Ave, Newport Beach, CA 92663
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by Brendan Horgan, DRE #01919910 • MEEHAN ESTATES, INC.
$4,050,000
Est. payment /mo
6 Beds
4 Baths
2,304 SqFt
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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 CRLG26176637

Style Contemporary

Bedrooms 6

Full Baths 4

Year Built 1962

Lot Size 3,358 Sqft

Property Sub-Type Duplex

Source California Regional MLS

Property Description

**Investment Property Opportunity with Value-Added Potential** 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 t

Location

State CA

County Orange

Area Np - Balboa Peninsula

Rooms

Family Room Other

Kitchen Dishwasher, Garbage Disposal, Oven Range - Built-In

Interior

Heating Central Forced Air

Cooling Central AC

Fireplaces Type None

Laundry Other

Exterior

Parking Features Garage, Other

Garage Spaces 2.0

Fence 2, Wood

Pool 31, None

View Ocean, 30, Water

Building

Water District - Public

Architectural Style Contemporary

Others

Tax ID 42446311

Special Listing Condition Not Applicable

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Sharad Gupta
Sharad Gupta

Broker License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA 95054, USA

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4802 Neptune Ave

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