• 4015 Marcus Avenue Newport Beach, CA 92663

  • $5,350,000
  • 5
    Bed(s)
  • 3
    Baths
  • 2,608
    Sq Ft
  • 3014
    Sqft
  • Listed By: Andy Stavros, DOUGLAS ELLIMAN OF CALIFORNIA, INC., DRE #01408840
  • Source: CRMLS

Welcome to 4015 Marcus Drive, a captivating property nestled in the heart of Newport Island in Newport Beach. This extraordinary residence boasts a private dock, granting you the privilege of harboring your very own Duffy or larger boat at your waterfront home. Picture the sheer joy of gliding along the pristine waters, watching sunsets, or immersing yourself in the picturesque allure of Newport Harbor at your leisure. More than a haven for a fantastic waterfront lifestyle, this property presents a lucrative investment opportunity. Comprising two separate remodeled and upgraded units totaling 5 bedrooms, it offers flexible options to generate income. Rent out one or both units monthly, establishing a steady stream of revenue. Alternatively, reside in one unit while leasing the other, relishing the comfort of home alongside an additional income source. For paddle boarding enthusiasts, the tranquil harbor presents an ideal canvas for indulging in this popular coastal activity, offering serene and inviting waters for your enjoyment. Newport Beach, renowned for its stunning coastline and vibrant social scene, sets the stage for a life of leisure and enjoyment. Immerse yourself in the thriving Newport Island community, where luxury yachts, waterfront residences, and a vibrant boating culture converge to create an unrivaled coastal experience. As you explore the area, discover the relaxed yet glamorous atmosphere prevalent in Newport Island, nearby Peninsula beaches, Lido Marina Village's upscale shopping, delectable dining options at Fashion Island, and many more along the coast. Contact Broker regarding rental potential and rental history.

Property Type :

Residential Income

County :

Orange

Style :

Residential Income

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Unit No Unit Key Total Bath Total Bed Full Bath Half Bath
1 1052414379 3 5 3 0

Property Details

 

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Interior Features

Roof : Composition

Exterior Property Features : Dock

Interior Features: Balcony,Open Floorplan

Windows: Bay Window(s)

Property Appliances: Gas Cooktop,Gas Oven

Fireplace: None

Flooring: Laminate,Tile

Cooling Features

Central Air

Air Conditioning

Fireplace

Fireplace Features: None

Has Fireplace: 0

Building Information

Year Built: 1950

Building Area Total: 2,608

Construction: Stucco

Roof: Composition

Exterior Features

Dock

Foundation

Slab

Accessibility Features

None

Pool Features

None

Laundry Features

Inside

Fencing

Partial

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.0692

Lot Size Source: Assessor

Lot Size Square Feet: 3014

Listing Price Information

Original List Price: 5,350,000

Listing Contract Date: 2023-12-12

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 42305303

Garage and Parking

Garage Description: Direct Access,Garage

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: 699 - Not Defined

Postal Code Plus 4: 3238

Directions: W Balboa Blvd to 38th to Marcus Ave

Source Property Type: Residential Income

Area: 699 - Not Defined

Property SubType: Duplex

Building and Construction

Property Age: 74

Common Walls: 1 Common Wall

Property Condition: Updated/Remodeled

Structure Type: Duplex

Year Built Source: Public Records

Entry Level: 1

Entry Location: 1

Property Attached: Yes

Levels or Stories: Two

Building Total Stories: 2

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
601 Lido Park Drive #3A, Newport Beach, CA,92663 $22,000 2 2 1,873 --
2600 Newport Boulevard .., Newport Beach, CA,92663 $2,885,000 4 2 2,000 --
2209 Cliff Drive, Newport Beach, CA,92663 $14,995,000 5 5 6,800 7405 Sqft
2711 W Balboa Boulevard, Newport Beach, CA,92663 $3,649,000 5 4 2,474 2178 Sqft
119 Via Jucar, Newport Beach, CA,92663 $7,295,000 4 4 4,793 4840 Sqft
110 Via Trieste, Newport Beach, CA,92663 $10,995,000 5 5 5,507 6160 Sqft
5308 Seashore Drive, Newport Beach, CA,92663 $4,975,000 4 4 2,570 3200 Sqft
2316 Cliff Drive, Newport Beach, CA,92663 $8,200,000 7 6 5,500 5625 Sqft
4800 Seashore Drive, Newport Beach, CA,92663 $5,295,000 6 -- 2,900 3237 Sqft
309 Via Lido Soud, Newport Beach, CA,92663 $39,750,000 4 4 8,868 9450 Sqft

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ByOwner last updated this listing 05/06/2024 @ 09:26

MLS: LG23224971
LISTED BY: Andy Stavros, DOUGLAS ELLIMAN OF CALIFORNIA, INC.
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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