USACANewport BeachBalboa Peninsula (Residential) (Balp)4802 Neptune Ave
4802 Neptune Ave | Image 1
New

$4,050,000

For Sale

6 days ago

4802 Neptune Ave, Newport Beach, CA

House

MLS® LG26176637

6 Bed

4 Bath

2304 sqft

2 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential
Size 2304 sqft
Garage Yes
Taxes 
Days Active 6
Lot Size 0.0771 Acres
Approx. Age 1962
Avg. Price Per Sqft $1,757
MLS® Number LG26176637

Property Address: 4802 Neptune Ave, Newport Beach, CA, 92663-2466

Average square foot calculated using Size range provided by listing agent.

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, shops, and the harbor. This is an amazing opportunity for both short- and long-term income investors.
MLS® NumberLG26176637
Laundry LevelEnsuite
Central VacNo
FireplaceYes
Acreage
Exterior
GarageYes
Approx. Age1962
Basement
DrivewayDoor Single, Driveway, Garage Faces Front, Garage
Garage Spaces
HeatCentral
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 12, 2026List Date
$4,050,000List Price
  • Commute

Commute

Starting Address
Destination Address
4802 Neptune Ave, Newport Beach, CA

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