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California Regional Multiple Listing Service

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Home / Newport Beach / 4802 Neptune Ave
4802 Neptune Ave Newport Beach, CA 92663 4802 Neptune Ave Newport Beach, CA 92663 4802 Neptune Ave Newport Beach, CA 92663 4802 Neptune Ave Newport Beach, CA 92663 4802 Neptune Ave Newport Beach, CA 92663 4802 Neptune Ave Newport Beach, CA 92663 4802 Neptune Ave Newport Beach, CA 92663 4802 Neptune Ave Newport Beach, CA 92663 4802 Neptune Ave Newport Beach, CA 92663 4802 Neptune Ave Newport Beach, CA 92663 4802 Neptune Ave Newport Beach, CA 92663 4802 Neptune Ave Newport Beach, CA 92663 4802 Neptune Ave Newport Beach, CA 92663 4802 Neptune Ave Newport Beach, CA 92663 4802 Neptune Ave Newport Beach, CA 92663 4802 Neptune Ave Newport Beach, CA 92663 4802 Neptune Ave Newport Beach, CA 92663 View All Photos

$4,050,000

| Active

4802 Neptune Ave

Newport Beach, CA 92663

2,304
Square Feet
6
Beds
4
Baths
0.08
Acres
19
Days on Market
LG26176637
MLS#
Townhouse
Structure
Residential
Zone
Contact
Listing OfficeMEEHAN ESTATES, INC.

**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 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.

Property Details
Interior
Balcony, Block Walls, Ceiling Fans, Granite Counters, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Entrance Foy
Cooling
1
Heating
Central
Cooling Features
Central Air
Bedrooms
6
Bathrooms
4.0
Full Baths
4
View
Ocean,Peek A Boo
Lot Features
Two To Five Units Acre
Stories
2
Lot Description
Two To Five Units Acre
Acres
0.077
Square Feet
2304.0
Lot Size (sqft)
3358.0
Parking Features
Door Single, Driveway, Garage Faces Front, Garage
Parking
1
Parking Spaces
2.0
Parking Type
Driveway
Parking Garage Spaces
2.0
Property Type
Purchase
Style
Contemporary
Property Subtype Additional
Duplex
Year Built
1962
Sewer Information
Public Sewer
Utility Source
Public
Appliances
Built In Range, Dishwasher, Disposal
Subdivision
Balboa Peninsula (Residential) (BALP)
Community Features
Street Lights, Suburban, Water Sports
School District
Newport Mesa Unified
County
Orange
Region
Newport Beach
Original List Price
$4,050,000
Days on Market (Cumulative)
19
HOA Fees
0.0
MLS #
LG26176637
Location
Legal

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Provided By
Listed by Brendan Horgan (#LGHORGBRE)
Listing Office: MEEHAN ESTATES, INC. (#LGME)

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