4802 Neptune Ave, Newport Beach, CA 92663
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Margaret Randtke

Margaret Randtke

+1(831) 277-4178
Listed by Brendan Horgan, DRE #01919910 • MEEHAN ESTATES, INC.
$4,050,000
Est. payment /mo
6 Beds
4 Baths
2,304 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,304 sqft

Price per Sqft $1,757

MLS Listing ID CRLG26176637

Style Contemporary

Bedrooms 6

Full Baths 4

Year Built 1962

Lot Size 3,358 Sqft

Property Sub-Type Duplex

Source California Regional MLS

Property Description

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 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, sho

Location

State CA

County Orange

Area Np - Balboa Peninsula

Rooms

Family Room Other

Kitchen Dishwasher, Garbage Disposal, Oven Range - Built-In

Interior

Heating Central Forced Air

Cooling Central AC

Fireplaces Type None

Laundry Other

Exterior

Parking Features Garage, Other

Garage Spaces 2.0

Fence 2, Wood

Pool 31, None

View Ocean, 30, Water

Building

Water District - Public

Architectural Style Contemporary

Others

Tax ID 42446311

Special Listing Condition Not Applicable

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Margaret Randtke

Margaret Randtke

+1(831) 277-4178

Broker Associate | License ID: DRE# 01702682

Broker Associate License ID: DRE# 01702682

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