
Newport Beach, California 92660
Analysis of 20292 Riverside, Newport Beach, California 92660 is currently available with a list price of $2,850,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Newport Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1955, the property shows some cosmetic interior updates such as recessed lighting and newer flooring, but remains largely dated with original built-ins and visible wear on exterior concrete and structures. It is functional and move-in ready but likely requires updates to major systems and finishes to meet modern standards.
Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Located in a unique Newport Beach enclave, this property offers a rare residential kennel and pet-business zoning, providing a turnkey opportunity for breeders, trainers, or entrepreneurs.
The property taps into the $147 billion pet industry with an established infrastructure for boarding, grooming, and daycare, offering significant revenue potential for owner-operators.
At a list price of $2.85M for only 1,334 square feet of living space, the property carries a premium valuation that relies heavily on its niche business use rather than residential size.
Built in 1955, the property may require substantial modernization or capital investment to update the living quarters and kennel facilities to contemporary luxury or commercial standards.
Adult/ child daycare .....or Rare Residential Kennel / Live-Work Opportunity...This property offers a unique live-work opportunity within one of Newport Beach’s most distinctive and little-known enclaves — Riverside Drive, a corridor recognized for its concentration of residential dog kennels and pet-focused businesses. Ideal for owner-operators, breeders, trainers, or entrepreneurs, the residence includes an established kennel operation designed for flexibility and scalability.The kennel setup supports multiple styles of care: dogs may run free in secure outdoor areas or be housed in individual pens with structured exercise, grooming, and handling routines. The layout is well-suited for boarding, breeding, training, grooming, daycare, or private use for show or personal dogs, allowing a future owner to tailor services to their preferred model. Riverside Drive is known among pet professionals as a functional and proven environment for kennel operations, with neighboring properties offering a range of licensed services, run counts, and specialty uses. Having successfully sold multiple residential kennel properties on this street, there is demonstrated buyer demand for this rare combination of residence and business potential. The investment appeal is underscored by the strength of the industry itself. The U.S. pet industry generates approximately $147 billion annually, with continued growth driven by premium boarding, grooming, training, and wellness services as pets are increasingly treated as family members. Whether operated as a private kennel for breeding or showing, or expanded into a full-service entrepreneurial venture, this property represents a rare asset — combining lifestyle, income potential, and long-term relevance in a resilient, high-growth sector.
No exterior & parking available.
Grades K-6 • 1.4 mi
Grades 3-6 • 1.6 mi
Grades PK-2 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,334 | 3,080 |
| Lot Size | 8,105 | 2,614 |
| Price | $2.85M | $4.35M |
| Price per sq ft | $2.1K | $1.6K |
| Built year | 1955 | 1938 |
| HOA | $0 | $0 |
| Days on market | 33 | 154 |
Jun 19, 2026
$2,850,000
Initial Listing
Apr 25, 2006
$1,300,000
Public Record