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4802 Neptune Ave

Newport Beach, CA 92663
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Bed 6

Bed

Bath 4

Bath

SqFt2,304

Sqft

SqFt3,358

Sqft(Lot)

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 use d 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.

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Detail Ic Property Details

Property Type : Residential

Price : $4,050,000

AD Id : 89473922

MLS Id : LG26176637

Beds : 6

Lot Size : 3,358 Sqft

Living Area Size : 2,304

Year Built : 1962

Garage : 2

County : Orange

Subdivision: Fallbrook

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Map

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Feature Features

  • Bedroom Information

    Total beds: 6

    Bathroom Information

    Total Baths: 4 Full Baths: 4
  • Interior Features

    Balcony, BlockWalls, CeilingFans, GraniteCounters, LivingRoomDeckAttached, OpenFloorplan, RecessedLighting, EntranceFoyer
    Appliances: BuiltInRange, Dishwasher, Disposal
    Laundry Features: Inside
    Window Features: Blinds, BayWindows
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 1962
    Stories: 2
    Patio And Porch Features: Brick, Concrete
    Pool Features: None
    Private Pool: No
    Water front Features: AcrossTheRoadFromLakeOcean
    View: Ocean, PeekABoo

  • Lot Information

    Main Square Feet: 3358 Lot Size Acres: 0.0771 Lot Size Source: Assessor Lot Size Square Feet: 3,358 Lot Description: TwoToFiveUnitsAcre

    Property Information

    Subdivision: Balboa Peninsula (Residential) (BALP) Source Property Type: Residential Property SubType: Duplex Levels: Two Property Age: 64

  • Listing Price Information

    Listing Price: $4050000
    Conventional

  • Tax Information

    Parcel Number: 42446311 Tax Lot: 14 Tax Block: 48

  • Parking Information

    Parking Total: 2 DoorSingle, Driveway, GarageFacesFront, Garage

    Garage Information

    Has Garage: Yes Has Attached Garage: Yes Garage Space: 2

  • Location Information

    Direction: From PCH go West on W. Balboa, right on River Ave, Left on 48th st, right on Neptune, second house on right. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2212 Laurel, Newport Beach, CA, 92663 $3,100,000 4 4 2,000 2,000 SqFt
1805 Clay Street, Newport Beach, CA, 92663 $3,595,000 6 3 2,445 2,445 SqFt
318 Via Lido Nord, Newport Beach, CA, 92663 $10,900,000 6 6 4,000 4,000 SqFt
439 Via Lido Soud, Newport Beach, CA, 92663 $8,395,000 7 5 --
1527 W Balboa, Newport Beach, CA, 92663 $3,995,000 5 3 --
1527 W Balboa, Newport Beach, CA, 92663 $3,995,000 5 3 2,000 2,000 SqFt
406 Clubhouse, Newport Beach, CA, 92663 $3,150,000 5 4 --
2212 W Oceanfront, Newport Beach, CA, 92663 $5,795,000 5 5 --
2212 W Oceanfront, Newport Beach, CA, 92663 $5,795,000 5 5 3,002 3,002 SqFt
3510 Lake, Newport Beach, CA, 92663 $3,200,000 3 3 --

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/17/2026 @ 17:03

MLS: LG26176637 LISTED BY: Brendan Horgan, MEEHAN ESTATES, INC. 949-715-8181 SOURCE: CRMLS

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