4802 Neptune Ave, Newport Beach, CA 92663
$4,050,000
Est. payment /mo
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6 Beds
4 Baths
2,304 SqFt
New

4802 Neptune Ave Newport Beach, CA 92663

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Fernando Cota

Fernando Cota

+1(619) 204-6088

UPDATED:

Key Details

Property Type Townhouse

Sub Type Townhome

Listing Status Active

Purchase Type For Sale

Square Footage 2,304 sqft

Price per Sqft $1,757

Subdivision Balboa Peninsula (Residential) (

MLS Listing ID LG26176637

Style Contemporary

Bedrooms 6

Full Baths 4

Year Built 1962

Lot Size 3,358 Sqft

Property Sub-Type Townhome

Property Description

This is a rare investment opportunity just steps from the beach and surf in one of Newport Beachs 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 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.

Location

State CA

County Orange

Direction From PCH go West on W. Balboa, right on River Ave, Left on 48th st, right on Neptune, second house on right.

Interior

Interior Features Balcony, Granite Counters, Living Room Deck Attached, Recessed Lighting

Heating Forced Air Unit

Cooling Central Forced Air

Fireplace No

Appliance Dishwasher, Disposal

Exterior

Parking Features Garage, Garage - Single Door

Garage Spaces 2.0

Fence Wood

View Y/N Yes

Water Access Desc Public

View Ocean, Peek-A-Boo, White Water

Porch Brick, Concrete

Total Parking Spaces 2

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 42446311

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

MLS Router / San Diego MLS
Listed by Brendan Horgan, DRE#01919910 MEEHAN ESTATES, INC. 

NEARBY SCHOOL & BUSINESS

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Fernando Cota

Fernando Cota

Realtor | License ID: 01208320

+1(619) 204-6088

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4802 Neptune Ave