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131 46th Street, Newport Beach, California 92663, Newport Beach, 92663 - bed, bath

131 46th Street, Newport Beach, California 92663 home-pic-0
ACTIVE$3,795,000
131 46th Street, Newport Beach, California 92663
0Bed
0Bath
2,440Sqft
2,614Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Newport Elementary School (9/10).
Top Cons:
Recent Price Adjustment: The property has undergone a price reduction from its original list price, which could suggest initial overpricing or a slower market response than anticipated.

Compared to the nearby listings

Price:$3.79M vs avg $3.20M (+$595,000)68%
Size:2,440 sqft vs avg 2,440 sqft50%
Price/sqft:$1.6K vs avg $1.5K60%

More Insights

Built in 1988 (37 years old).
Condition: Despite being built in 1988, the property has undergone a beautiful and meticulous renovation, as stated in the description and clearly evidenced by the images. Both kitchens feature new, modern white shaker or flat-panel cabinetry, light-colored quartz countertops, subway tile backsplashes, and a full suite of new stainless steel appliances. The bathrooms are equally impressive with contemporary vanities, sleek fixtures, tiled showers with glass enclosures, and modern flooring. Throughout the units, new wide-plank LVP/engineered wood flooring, fresh paint, and modern recessed and decorative light fixtures contribute to a virtually new and high-quality aesthetic. All components appear new or extensively updated, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' criteria for a recently and extensively renovated property.
Year Built
1988
Close
-
List price
$3.79M
Original List price
$4M
Price/Sqft
$1,555
HOA
-
Days on market
-
Sold On
-
MLS number
OC25083533
Home ConditionExcellent
Features
Good View:
Deck
Patio
View-

About this home

Live the beach lifestyle in this beautifully remodeled duplex, ideally located on the Peninsula of Newport Beach, offers 2440 sq ft of bright, open-concept living just steps from the sand. A rare opportunity to own a move-in-ready coastal income property with unbeatable convenience and lifestyle appeal. The upper unit showcases 1064 sq ft of intelligent modern design with seamless indoor-outdoor flow-perfect for soaking in ocean breezes and vibrant sunsets from the front deck. The lower level offer 1376 sq ft of living area that opens to the outside patio for relaxing enjoyment. Each level offers 3 bedrooms, 2 bathrooms, and private spaces tailored for residents or guest alike. This home has been meticulously upgraded with premium finishes, sleek fixtures and energy efficient systems that blend style with comfort. The attached 3-car garage provide convenience that's rare for the area. Whether you're looking for a primary residence, a vacation getaway, or an investment opportunity with a 3% cap rate rental potential, this duplex delivers. The property is ideal for 1031 exchange buyers and those eager to capitalize on Newport Beach's thriving rental market. Live the dream in one of SoCal's hottest beaches and earn while you do it!! Live in one unit and rent out the other. Available for Lease.

Nearby schools

8/10
Newport Heights Elementary School
Public,•K-6•1.4mi
9/10
Newport Elementary School
Public,•PK-6•1.6mi
7/10
Horace Ensign Intermediate School
Public,•7-8•1.4mi
7/10
Newport Harbor High School
Public,•9-12•1.5mi
Condition Rating
Excellent
Despite being built in 1988, the property has undergone a beautiful and meticulous renovation, as stated in the description and clearly evidenced by the images. Both kitchens feature new, modern white shaker or flat-panel cabinetry, light-colored quartz countertops, subway tile backsplashes, and a full suite of new stainless steel appliances. The bathrooms are equally impressive with contemporary vanities, sleek fixtures, tiled showers with glass enclosures, and modern flooring. Throughout the units, new wide-plank LVP/engineered wood flooring, fresh paint, and modern recessed and decorative light fixtures contribute to a virtually new and high-quality aesthetic. All components appear new or extensively updated, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Prime Coastal Location: Ideally situated on the Newport Beach Peninsula, just steps from the sand, offering an unparalleled beach lifestyle in one of SoCal's most desirable areas.
Strong Income Potential & Versatility: As a beautifully remodeled duplex, it presents a rare opportunity for a coastal income property with a 3% cap rate rental potential, suitable for 1031 exchange buyers, or as a live-in one unit, rent-out the other option.
Turnkey & Modern Upgrades: The property is move-in ready, meticulously upgraded with premium finishes, sleek fixtures, and energy-efficient systems, blending style with comfort.
Rare 3-Car Garage: The attached 3-car garage provides a significant convenience and amenity that is uncommon and highly valued in this dense coastal area.
Desirable Lifestyle Features: Offers bright, open-concept living with seamless indoor-outdoor flow, perfect for enjoying ocean breezes, vibrant sunsets from the front deck, and relaxing on the lower-level patio.

Cons

Recent Price Adjustment: The property has undergone a price reduction from its original list price, which could suggest initial overpricing or a slower market response than anticipated.
Compact Lot Size: With a lot size of 2,614 sq ft, the property offers limited outdoor space beyond the existing patios, which may restrict extensive landscaping or future expansion possibilities.
Absence of Central A/C: While coastal breezes are a benefit, the description does not explicitly mention a central air conditioning system, which could be a drawback for some buyers during hotter periods.

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