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Description Open House Details Location Schools Recent Sales
$4,050,000 Est. $14,913 / mo.*

4802 Neptune Ave Newport Beach , CA 92663

Property listed by MEEHAN ESTATES, INC., Brendan Horgan {attribution_contact}

Description

6 Beds
4 Baths
2,304 Sqft
3,358 Sqft lot
0.08 Acre lot
Status: Active
Property Type: Duplex
Year Built: 1962
Neighborhood: Balboa Peninsula (residential) (balp)
Days on Website: 7
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, shops, and the harbor. This is an amazing opportunity for both short- and long-term income investors.

Open House

Property Details and Features

Appliances & Equipment
BuiltInRange
Dishwasher
Disposal
Bathrooms
4 total bathrooms
4 full bathrooms
2 main level bathrooms
Bedrooms
6 total bedrooms
3 main level bedrooms
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Tour This Home

Contact an Agent

Christopher Lechner

(562) 972-0388

Location

$4,050,000 -
4802 Neptune Ave Newport Beach , CA 92663
Subdivision: Balboa Peninsula (Residential) (BALP)

Street View

Nearby Schools

Recent Sales in the Area