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Listed by Brendan Horgan, DRE #01919910 • MEEHAN ESTATES, INC.
$ 4,050,000
Est. payment /mo
New
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 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
This is a rare investment opportunity just steps from the beach and surf in one of Newport Beach's most desirable coastal communities. An appraisal conducted on June 19, 2026, valued the property at $4,050,000. The appraisal was performed by a Certified Member of the Appraisal Institute (MAI) and utilized all three approaches to value. This property is one of the few oversized lots in the area, offering significant potential for value enhancement. The backyard has ample space to add an additional accessory dwelling unit (ADU). Another option is to redevelop the site to build several new units, both of which could effectively maximize the potential of this large lot. Furthermore, the property presents an excellent opportunity for use as a primary residence. The upstairs can be used as a primary living space while renting out the lower unit as an income-producing property. Each of these options offers considerable value addition, whichever route you choose to pursue. These property features will allow for an effective and stable exit strategy in the future. Additionally, the home features a two-car attached garage and offers a peak ocean view from the patio. Conveniently located one street back from the beach, it is just a leisurely walk to Marina Village, fine dining, sho
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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