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4802 Neptune Ave

Newport Beach, CA 92663
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Bed 6

Bed

Bath 4

Bath

SqFt3,358

Sqft(Lot)

**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 the lower unit can be rented out as an income-producing property. Both units are currently rented on a month-to-month basis. Please contact the agent for showings.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $4,050,000

AD Id : 91569172

MLS Id : LG26212290

Beds : 6

Lot Size : 3,358 Sq. Ft

Year Built : 1962

Garage : 2

County : Orange

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Feature Features

  • 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
    Building Area Total: 2304
    Stories: 2
    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: ResidentialIncome 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 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

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318 Via Lido Nord, Newport Beach, CA, 92663 $10,900,000 6 6 4,000 4,082 Sq. Ft
439 Via Lido Soud, Newport Beach, CA, 92663 $7,795,000 7 5 -- 2,810 Sq. Ft
423 Via Lido Soud, Newport Beach, CA, 92663 $8,795,000 5 3 2,691 3,267 Sq. Ft
1527 W Balboa, Newport Beach, CA, 92663 $3,995,000 5 3 -- 2,561 Sq. Ft
1527 W Balboa, Newport Beach, CA, 92663 $3,995,000 5 3 2,000 2,561 Sq. Ft
1733 W Balboa Boulevard, Newport Beach, CA, 92663 $4,599,000 10 5 -- 4,200 Sq. Ft
506 Clubhouse Avenue, Newport Beach, CA, 92663 $7,625,000 10 12 4,760 4,050 Sq. Ft
406 Clubhouse, Newport Beach, CA, 92663 $3,150,000 5 4 -- 2,631 Sq. Ft
2212 W Oceanfront, Newport Beach, CA, 92663 $5,795,000 5 5 -- 3,049 Sq. Ft
2212 W Oceanfront, Newport Beach, CA, 92663 $5,795,000 5 5 3,002 3,049 Sq. Ft

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ByOwner last updated this listing 10/03/2026 @ 09:00

MLS: LG26212290 LISTED BY: Brendan Horgan, MEEHAN ESTATES, INC. 949-715-8181 SOURCE: CRMLS

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