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2316 La Linda, Newport Beach, California 92660, Newport Beach, 92660 - bed, bath

2316 La Linda, Newport Beach, California 92660 home-pic-0
ACTIVE UNDER CONTRACT$3,200,000
2316 La Linda, Newport Beach, California 92660
0Bed
0Bath
2,314Sqft
8,100Lot
Year Built
1965
Close
-
List price
$3.2M
Original List price
$3.42M
Price/Sqft
$1,383
HOA
-
Days on market
-
Sold On
-
MLS number
LG25251367
Home ConditionExcellent
Features
View-

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 4 Cons,6 Pros. Rank: price - $3.20M(33th), sqft - 2314(34th), beds - undefined(1th), baths - undefined(1th).

Turn-key, newly renovated 2,214 sq ft single-family home on a huge 8,100 sq ft flat, rectangular cul-de-sac lot in prime Newport Beach—cash-flow on day one with multiple value-add exits. Major capital items are DONE: new plumbing, new roof, new central A/C, dual-pane windows & doors, new kitchen, two heavily renovated baths + one renovated, new LVP floors, extensive recessed lighting, fresh interior & exterior paint, and a drywalled/finished garage with epoxy flooring. Bright, airy layout with 3 bedrooms downstairs plus a large upstairs bonus room currently used as a legal second primary suite. A giant backyard anchors the quiet cul-de-sac location—ideal for outdoor living and future expansion. Income & Upside: Long-term lease potential in the $12,000–$15,000/month range; mid-term furnished (3–6 months) targets $25,000/month for executive/relocation stays. ADU potential adds another cash-flow lever, with a backyard ADU concept at $200,000 generating $4,000/month in additional rent. Two proven value-add plays: (1) Add Square Footage (RTI): City-approved, shovel-ready plans to add ~1,000–1,200 sq ft; modeled ROI 45% and $1.0–$2.0M target profit (current underwriting upside $1.9M). (2) Scrape & Build New: Pursue a 6,000 sq ft custom (guidelines allow up to 8,500 sq ft). Area new construction has supported $1,900+/sf, with modeled ROI 70%+ (mid-case 72%) and $4.4–$5.6M profit potential. Location: Short walk to Upper Newport Bay (Back Bay) trails; the beach is a bike ride away; minutes to Fashion Island and John Wayne Airport with fast 73/55/405 access. Within family friendly Newport-Mesa School district. Offered at $3,200,000.

Nearby schools

8/10
Heinz Kaiser Elementary School
Public,•3-6•0.5mi
/10
Woodland Elementary School
Public,•PK-2•0.7mi
9/10
Eastbluff Elementary School
Public,•K-6•1.1mi
8/10
Mariners Elementary School
Public,•PK-6•1.4mi
7/10
Horace Ensign Intermediate School
Public,•7-8•2.4mi
9/10
Corona Del Mar High School
Public,•7-12•1.5mi
7/10
Newport Harbor High School
Public,•9-12•2.0mi

Price History

Date
Event
Price
11/11/25
Price Change
$3,200,000-3.8%
11/03/25
Price Change
$3,325,000-2.9%
10/31/25
Listing
$3,425,000
02/28/25
Sold
$2,550,000
Condition Rating
Excellent
Despite being built in 1965, this property has undergone a comprehensive and recent 'turn-key' renovation, as explicitly stated in the listing and visually confirmed by the images. Major capital items like plumbing, roof, central A/C, dual-pane windows, and doors are new. The kitchen features modern white shaker cabinets, new stainless steel appliances, and contemporary black hardware, all appearing brand new. The bathrooms are heavily renovated with high-end finishes, including a freestanding tub, a spacious walk-in shower with modern tiling and fixtures, and illuminated mirrors. New LVP flooring and extensive recessed lighting throughout contribute to a virtually new interior, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Extensive Turn-Key Renovations: The property is newly renovated with major capital items completed, including new plumbing, roof, central A/C, dual-pane windows, kitchen, and updated baths, offering a move-in ready experience.
Significant Development Upside: Offers city-approved plans for adding 1,000-1,200 sq ft and potential for a 6,000 sq ft custom new build, presenting substantial ROI for investors or developers.
Prime Location & Large Cul-de-Sac Lot: Situated in a desirable Newport Beach cul-de-sac on a large 8,100 sq ft flat lot, with convenient access to Upper Newport Bay, beaches, Fashion Island, and major transportation routes.
Strong Income-Generating Potential: High cash-flow potential through long-term ($12k-$15k/month) and mid-term furnished leases ($25k/month), plus additional ADU income potential ($4k/month).
Top-Rated School District: Located within the highly-regarded Newport-Mesa School District, appealing to families seeking quality education.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-02-28. The sold price is $2,550,000.00.
Original Construction Age: Despite recent renovations, the home was originally built in 1965, which may present inherent limitations or future considerations related to an older foundation or original structural elements.
Recent Price Reductions: The property has seen two price reductions from its initial listing, potentially indicating an overestimation of market value or challenges in attracting buyers at previous price points.
Capital Intensive Value-Add: While offering significant future value, realizing the full investment potential (e.g., adding square footage or rebuilding) requires substantial additional capital and project management beyond the purchase price.

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