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David Hussain

david@listedbydavid.com +1(858) 215-3512

$ 4,050,000

Est. payment -/mo

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Active

4802 Neptune Ave Newport Beach, CA 92663

6 Beds

4 Baths

2,304 SqFt

UPDATED:

Key Details

Property Type Townhouse

Sub Type Townhome

Listing Status Active

Purchase Type For Sale

Square Footage 2,304 sqft

Price per Sqft $1,757

Subdivision Balboa Peninsula (Residential) (

MLS Listing ID LG26176637

Style Contemporary

Bedrooms 6

Full Baths 4

Year Built 1962

Lot Size 3,358 Sqft

Property Sub-Type Townhome

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 wont 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 Beachs 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

Direction From PCH go West on W. Balboa, right on River Ave, Left on 48th st, right on Neptune, second house on right.

Interior

Interior Features Balcony, Granite Counters, Living Room Deck Attached, Recessed Lighting

Heating Forced Air Unit

Cooling Central Forced Air

Fireplace No

Appliance Dishwasher, Disposal

Exterior

Parking Features Garage, Garage - Single Door

Garage Spaces 2.0

Fence Wood

View Y/N Yes

Water Access Desc Public

View Ocean, Peek-A-Boo, White Water

Porch Brick, Concrete

Total Parking Spaces 2

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 42446311

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Listed by Brendan Horgan, DRE#01919910 MEEHAN ESTATES, INC.
Co-listed byNON LISTED OFFICE

NEARBY SCHOOL & BUSINESS

+1(858) 215-3512

david@listedbydavid.com

2535 Camino Del Rio S #240, San Diego, CA 92108, USA

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