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… Read More 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, shops, and the harbor. This is an amazing opportunity for both short- and long-term income investors. Read Less
Property listed by MEEHAN ESTATES, INC., Brendan Horgan 949-510-6162
Listing Snapshot
Days Online
4
Last Updated
Property Type
Duplex
Beds
6
Full Baths
4
Square Ft.
2,304
Lot Size
0.08 Acres
Year Built
1962
MLS Number
LG26176637
Additional Details
Appliances & Equipment
BuiltInRange, Dishwasher, Disposal
Building
Built in 1962, Living area: 2304.0, Living area units: SquareFeet, 2 stories, Levels: Two, Entry level: 1, Entry location: ground
Based on information from California Regional Multiple Listing Service, Inc. as of 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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