4802 Neptune Ave, Newport Beach, CA 92663
- $4,050,000
- 6
- BD
- 4
- BA
Listed by Brendan Horgan, 949-510-6162 from MEEHAN ESTATES, INC.
(If provided) CoList: from
- List Price
- $4,050,000
- MLS#
- CRLG26176637
- Status
- ACTIVE
- Bedrooms
- 6
- Total Bathrooms
- 4
- Full Bathrooms
- 4
- Lot Size
- 3,358
- Listing Area
- Np - Balboa Peninsula
- Year Built
- 1962
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
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Additional Information
- Acres
- 0.08
- Amenities
- Balcony/Patio, Bay Window, Window Covering(s), Counter - Stone, Private Patio, Other
- Cooling System
- Central AC
- Energy Features
- Ceiling Fan(s)
- Family Room
- Other
- Fence
- 2, Wood
- Fireplace Description
- None
- Garage Parking
- Garage, Other
- Heating System
- Central Forced Air
- Laundry Facilities
- Other
- Lot Size
- 3,358
- Neighborhood
- Np - Balboa Peninsula
- Other Rooms
- Formal Entry
- Pool Description
- 31, None
- Style
- Contemporary
- Unincorporated Yn
- Yes
- View
- Ocean View, 30, Water
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