1228 Rutland Rd 5, Newport Beach, California 92660, Newport Beach, 92660 - 2 bed, 2 bath
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Newport Beach, California 92660
This Upper-Level End-Unit Condominium is a High-Potential Investment Opportunity, listed at $815,000—positioned well below the $952,656 Fair Market Value by 14%. This valuation gap offers $137,656 in Instant Equity for the buyer. Boasting a Condition Rating of 3, the interior features New Luxury Vinyl Plank Flooring and a Granite Kitchen with stainless appliances. Located near Top-Rated Schools like Mariners Elementary and Corona Del Mar High, the home offers peaceful Pool Views. It is a premier choice for Owner-Occupants or Buy-and-Hold Investors.
Property is move-in ready.
Although built in 1961, the property is well-maintained and move-in ready due to recent cosmetic updates including new luxury vinyl plank flooring and fresh paint. The kitchen features granite countertops and stainless steel appliances from a previous renovation (estimated 5-15 years old), and the overall condition is functional with no immediate maintenance required.
Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Situated in a highly desirable Newport Beach neighborhood, this property is just steps from the top-rated Mariners Elementary School and minutes from the popular shopping and dining corridor of 17th Street.
The home features significant recent upgrades, including fresh paint and new luxury vinyl plank flooring throughout, complemented by a kitchen with granite countertops and stainless steel appliances.
Built in 1961, the building's age may result in older infrastructure and potential long-term maintenance requirements compared to more modern condominium developments.
The inclusion of only one dedicated carport space for a two-bedroom unit may be a significant constraint for multi-vehicle households or guest parking in a high-demand area.
Welcome to this bright and airy upper-level unit offering comfort, style, and an unbeatable location in one of the area’s most desirable neighborhoods. Featuring 2 spacious bedrooms and 2 bathrooms, this inviting home is filled with natural light and thoughtfully updated for easy everyday living. Fresh new paint and new luxury vinyl plank flooring throughout the living areas and bedrooms create a clean, modern feel. The kitchen is both functional and stylish, complete with granite countertops and stainless steel appliances including a refrigerator, electric cooktop, oven, and dishwasher. The open living space flows effortlessly and enjoys peaceful views overlooking the community pool, adding a touch of resort-style charm to your daily routine. Additional highlights include a dedicated carport space with two private storage cabinets, providing convenience and extra room for your essentials. Ideally located near top-rated schools including Mariners Elementary School, this home is also just moments from Mariners Park, the scenic Upper Newport Bay Nature Preserve, and the popular shops and dining along 17th Street. With nearby biking and hiking trails, parks, and coastal amenities, this is a wonderful opportunity to enjoy the Newport Beach lifestyle.
No exterior & parking available.
Grades PK-6 • 0.1 mi
Grades PK-2 • 0.8 mi
Grades 3-6 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 3.0 | 47% |
| Square foot | 1,077 | 1,769 | 17% |
| Lot Size | 53,429 | 53,155.5 | 50% |
| Price | $815.0K | $1.90M | 3% |
| Price per sq ft | $757 | $1.0K | 3% |
| Built year | 1961 | 1981 | 6% |
| HOA | $475.0 | $688 | 11% |
| Days on market | 37 | 138 | 8% |
May 1, 2026
$815,000
Initial Listing
Nov 2, 2004
$460,000
Public Record
Mar 31, 2004
$421,000
Public Record