204 David Drive, Newport Beach, California 92663, Newport Beach, 92663 - 5 bed, 4 bath
ACTIVE$4,300,000
204 David Drive, Newport Beach, California 92663
5Beds
4Baths
2,025Sqft
2,614Lot
Price Vs. Estimate
The estimated value ($4,032,352.96) is $267,647.04 (6%) lower than the list price ($4,300,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Coastal Location: Situated just one block from the beach in highly desirable Newport Beach, offering walking distance to restaurants and quick access to both Newport and Huntington Beach.
Top Cons:
High Price Point: The list price of $4.3 million represents a significant investment, which may narrow the pool of potential buyers.
Compared to the nearby listings
Price:$4.30M vs avg $4.40M ($-100,000)48%
Size:2,025 sqft vs avg 2,431 sqft27%
Price/sqft:$2.1K vs avg $1.8K64%
More Insights
Built in 1975 (50 years old).
Condition: This duplex, built in 1975, presents a mixed but overall positive condition. The upper unit has been 'completely remodeled' with modern white shaker cabinets, quartz countertops, stainless steel appliances, updated bathrooms with contemporary finishes and fixtures, new flooring, and recessed lighting, placing it in excellent condition. The lower unit, while not as extensively renovated, features newer laminate flooring and mini-split AC/heating. Its kitchen, with white tile countertops and older white appliances, is dated but appears clean and functional. The exterior has also seen updates with replaced siding and stairs. Considering the significant, recent renovation of the upper unit and the well-maintained, move-in ready state of the lower unit, the property as a whole is in 'Good' condition. It requires no immediate major renovations, though the lower unit's kitchen could benefit from a cosmetic update to match the modern aesthetic of the upper unit.
Year Built
1975
Close
-
List price
$4.3M
Original List price
$4.3M
Price/Sqft
$2,123
HOA
-
Days on market
-
Sold On
-
MLS number
219134834DA
Home ConditionGood
Features
Good View: Mountain(s), Peek-A-Boo, Water
Patio
ViewMountain(s), Peek-A-Boo, Water
About this home
Welcome to your Dream Coastal Investment! This beautifully Maintained and Updated Duplex is one Block from the Beach! The Upper Unit is Completely Remodeled with Open Floor Plan, Vaulted Ceilings, Living/Dining Space with Fireplace, 3 Bedrooms, 2 Full Baths with Jacuzzi Tub in each, Stack LAUNDRY, A/C and TWO LARGE BALCONIES featuring Wetland, Mountain and Ocean Views!!! The Lower Unit has Newer Laminate Flooring and Mini-Spilt in all Living Areas and Bedrooms along with a Spacious Enclosed Patio off Great Room and Full Sized Laundry in Garage. Abundance of Parking with a 4 CAR GARAGE + 1 Space CAR PORT. Seller Replaced Siding and Stairs. Generate Income as a Highly Desirable Long Term Rental and if you are going for the big money this can be Vacation/Short Term Rental with Proper City Permit. Walking Distance to Restaurants and Quick Access to Newport and Huntington Beach.
Condition Rating
Good
This duplex, built in 1975, presents a mixed but overall positive condition. The upper unit has been 'completely remodeled' with modern white shaker cabinets, quartz countertops, stainless steel appliances, updated bathrooms with contemporary finishes and fixtures, new flooring, and recessed lighting, placing it in excellent condition. The lower unit, while not as extensively renovated, features newer laminate flooring and mini-split AC/heating. Its kitchen, with white tile countertops and older white appliances, is dated but appears clean and functional. The exterior has also seen updates with replaced siding and stairs. Considering the significant, recent renovation of the upper unit and the well-maintained, move-in ready state of the lower unit, the property as a whole is in 'Good' condition. It requires no immediate major renovations, though the lower unit's kitchen could benefit from a cosmetic update to match the modern aesthetic of the upper unit.
Pros & Cons
Pros
Prime Coastal Location: Situated just one block from the beach in highly desirable Newport Beach, offering walking distance to restaurants and quick access to both Newport and Huntington Beach.
Strong Income Potential: As a well-maintained duplex, the property offers significant income generation opportunities through long-term rentals, with potential for higher returns as a vacation/short-term rental with proper city permits.
Extensive Updates & Remodels: The upper unit is completely remodeled with an open floor plan, vaulted ceilings, and A/C, while the lower unit features newer laminate flooring and mini-splits. Recent exterior updates include replaced siding and stairs.
Desirable Views: The upper unit boasts two large balconies with captivating wetland, mountain, and ocean views, enhancing the property's appeal and value.
Ample Parking: A rare and valuable asset in a coastal area, the property provides abundant parking with a 4-car garage plus an additional carport space.
Cons
High Price Point: The list price of $4.3 million represents a significant investment, which may narrow the pool of potential buyers.
Small Lot Size: With a lot size of 2,614 sqft, the property offers limited outdoor space, which might be a consideration for buyers seeking larger yards or expansion potential.
Permitting for Short-Term Rentals: While short-term rental income is highlighted, the need for a 'Proper City Permit' indicates an additional administrative step and potential cost for buyers looking to maximize this revenue stream.