20122 Riverside Drive, Newport Beach, California 92660, Newport Beach, 92660 - 5 bed, 3 bath
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Newport Beach, California 92660
This property presents a High-Potential Investment Opportunity with a List Price of $2,000,000—positioned well below the $1,953,119 Fair Market Value by -2%. With a Condition Rating of 6, this 1963-built residence offers a 7,700 sqft lot ideal for redevelopment. Located in the Newport-Mesa Unified School District near top-rated schools like Eastbluff Elementary, the asset provides significant upside for those looking to renovate or customize. This is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking a prime coastal project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20122 Riverside Drive Subject | $2,000,000* List Price | 5 | 3 | 2,563 | $762 | - |
A 20142 Kline Drive Sold | $1,600,000 | 5 | 3 | 2,563 | $624 | 0.1 mi |
B 2391 Bay Farm Place Sold | $2,000,000 | 4 | 3 | 2,104 | $951 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property was built in 1963 (63 years old) with no mention of renovations. The listing description explicitly targets investors and builders for 'redevelopment' and 'reimagining,' which aligns with the criteria for a property over 50 years old where the value is primarily in the land.
Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Situated on a quiet cul-de-sac in the prestigious Santa Ana Country Club area, the property offers excellent proximity to Back Bay trails, beaches, and high-end shopping and dining.
With a generous 7,700 sqft lot and a spacious 2,563 sqft floor plan, this property serves as an ideal canvas for investors or builders looking to renovate or redevelop in a high-demand neighborhood.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Built in 1963 and marketed as a 'reimagine' opportunity, the property likely requires substantial capital investment to address aging systems and aesthetic updates.
The property is noted as having no views, which may be a competitive disadvantage in the Newport Beach market where coastal or territorial vistas are highly coveted.
Located on a quiet cul-de-sac in a desirable Newport Beach location, 20122 Riverside Drive presents a rare opportunity to reimagine a property with exceptional upside potential. This two-story home offers a spacious, user friendly floor plan, large front and back yards, and endless possibilities for renovation, customization, or redevelopment. Ideal for investors, builders, or buyers looking to create their vision in an established neighborhood near Back Bay trails, beaches, shopping, dining, John Wayne Airport, and top-rated Newport-Mesa schools. A unique opportunity in a sought-after coastal community.
No exterior & parking available.
Grades K-6 • 1.5 mi
Grades 3-6 • 1.8 mi
Grades PK-2 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 76% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,563 | 2,616 | 46% |
| Lot Size | 7,700 | 7,500 | 53% |
| Price | $2.00M | $4.00M | 10% |
| Price per sq ft | $780 | $1.4K | 2% |
| Built year | 1963 | 1970 | 17% |
| HOA | $0 | $375 | 31% |
| Days on market | 24 | 138 | 2% |
May 14, 2026
$2,000,000
Initial Listing