122 Crystal, Newport Beach, California 92662, Newport Beach, 92662 - 4 bed, 3 bath
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122 Crystal
Newport Beach, California 92662
ACTIVE UNDER CONTRACT
CONDITION: FAIR
4Beds
3Baths
1,497Sq Ft
2,614Lot Size
Property Price
LIST PRICE$3,875,000
EST. MARKET VALUE
$3,017,354
28% AboveMARKET VALUE
SUMMARY
This Residential Income Duplex presents a High-Potential Investment Opportunity, listed at $3,875,000—positioned well above the $3,017,355 Fair Market Value by 28%. While the property commands a premium, its Condition Rating of 4 and vintage 1947 infrastructure offer significant value-add potential through modernization. Featuring a spacious interior courtyard and a separate studio apartment, this asset provides versatile rental income or multi-generational living. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a prime Little Balboa Island location.
Estimated Market Value
$3,017,354
Based on Realkey algorithm analyzing recent comparable sales in Newport Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 122 Crystal Subject 4 bd · 3 ba · 1,497 sqft · $2,016 | $3,875,000* List Price | 4 | 3 | 1,497 | $2,016 | - |
A 210 Opal Sold 5 bd · 3 ba · 2,024 sqft · $1,853 · 0.5 mi | $3,750,000 | 5 | 3 | 2,024 | $1,853 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1947, this property maintains much of its original vintage character. While the interior is clean and well-staged with fresh paint and original hardwood floors, the presence of older wall heaters and original window styles suggests that core systems and major renovations (kitchen/baths) are likely over 20 years old, requiring updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Island Location
Situated on the coveted 100 block of Little Balboa Island, the property offers a serene coastal retreat within walking distance to the premier boutiques and dining of Marine Avenue.
- Versatile Income Potential
Configured as a duplex with a separate studio apartment over the garage, this property provides excellent flexibility for rental income, a guest suite, or a private executive home office.
- Private Outdoor Living
The spacious interior courtyard, accessible via French doors, creates a rare private oasis for entertaining and relaxation, a highly sought-after feature in high-density island living.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1947, the property's age may necessitate significant capital investment for modernizing structural systems and utilities to meet contemporary standards.
- High Price per Square Foot
At a list price of $3.875M for approximately 1,497 square feet, the property commands a significant premium that may be difficult to justify for buyers seeking more interior living space.
About 122 Crystal
Located in the coveted 100 block of Crystal on Little Balboa Island, this classic coastal cottage exudes timeless charm. The 4-bedroom, 3-bathroom residence is defined by a light-filled interior, original hardwood floors, and oversized windows that invite the outdoors in. A standout feature is the charming study, with French doors opening onto a spacious interior courtyard—a private oasis offering ample room for entertaining and relaxation. The property further offers a well-appointed studio apartment over the garage, perfect as a guest suite or executive home office. With utilities already underground, this peaceful enclave offers a serene retreat just moments from the market, boutiques and restaurants of Marine Avenue, an exceptional blend of vintage island character and a vibrant island lifestyle.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1947
- Lot Size
- 2,614 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 5.1 |
| Baths | 3.0 | 3.7 |
| Square foot | 1,497 | 2,313.222 |
| Lot Size | 2,614 | 2,703.444 |
| Price | $3.88M | $3.37M |
| Price per sq ft | $2.6K | $1.8K |
| Built year | 1947 | 1954 |
| HOA | $0 | $0 |
| Days on market | 18 | 63 |
Pricing History
Listed for Sale
Oct 7, 2026
$3,875,000
Initial Listing