2504 University, Newport Beach, California 92660, Newport Beach, 92660 - 2 bed, 2 bath
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2504 University
Newport Beach, California 92660
ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
2Beds
2Baths
1,678Sq Ft
1,678Lot Size
Property Price
LIST PRICE$1,295,000
EST. MARKET VALUE
$1,315,133
SUMMARY
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $1,295,000—positioned well below the $1,315,134 Fair Market Value by 1.5%. This valuation gap offers $20,134 in Instant Equity. Featuring a Mint Condition Rating with recent capital improvements, this home offers a Main-Floor Primary Suite and a Private Patio overlooking a Park/Greenbelt. Located near Top-Rated Schools like Eastbluff Elementary, this property is an ideal acquisition for Owner-Occupants or discerning professionals seeking a refined coastal lifestyle.
Estimated Market Value
$1,315,133
Based on Realkey algorithm analyzing recent comparable sales in Newport Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2504 University Subject | $1,295,000* List Price | 2 | 2 | 1,678 | $784 | - |
A 20308 Estuary Sold | $1,425,000 | 3 | 4 | 1,835 | $777 | 0.4 mi |
B 2528 University Drive Active | $1,245,000 List Price | 2 | 2 | 1,503 | $828 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1963, the property has undergone a comprehensive renovation within the last 5 years. Key updates include a 5-year-old roof, newer HVAC system, updated electrical panel, and newer water heater. The interior features modern wide-plank flooring, remodeled bathrooms, newer windows/doors, and recessed lighting, placing it in mint condition with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
- Prime Coastal Location
Situated moments from the Upper Newport Bay Nature Preserve, this home offers immediate access to scenic trails and world-class outdoor recreation in a highly sought-after Newport Beach community.
- Extensive Modern Upgrades
The property features significant recent capital improvements, including a newer roof, HVAC system, updated electrical panel, and remodeled bathrooms, ensuring reduced immediate maintenance costs for the buyer.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1678, other record lot size in square feet = 1612. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1678, other record living area = 1287.
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1678, living area = 1678.
- High Association Fees
The monthly HOA fee of $712 is relatively high, which increases the total monthly carrying cost and may impact the purchasing power of budget-conscious buyers.
About 2504 University
Welcome to 2504 University Drive, a beautifully updated single family home perfectly positioned in one of Newport Beach's most desirable communities, just moments from the scenic Upper Newport Bay Nature Preserve. Set along a peaceful greenbelt, this light-filled residence offers approximately 1,678 square feet of thoughtfully designed living space, blending timeless upgrades with the effortless coastal lifestyle Newport Beach is known for. The flexible floor plan features two spacious bedrooms plus a generous loft that can easily serve as a third bedroom, home office, or private retreat. A highly desirable first-floor primary suite offers comfort and convenience with a beautifully remodeled en-suite bathroom, while an additional full bathroom downstairs and a powder room upstairs provide an ideal layout for family and guests. Natural light pours through newer windows and doors, creating a warm and inviting atmosphere throughout the home. A custom Dutch entry door welcomes refreshing coastal breezes, while upgraded flooring, crown molding, remodeled bathrooms, and a charming wood-burning fireplace add character and style. Additional improvements, including a newer HVAC system, newer water heater, updated electrical panel, recently replaced roof only 5 years old, and dedicated indoor laundry room, provide the modern comfort and peace of mind today's buyers appreciate. Outside, the private patio with new vinyl fencing creates the perfect space to relax, entertain, or simply enjoy Southern California's year-round weather. Residents enjoy access to two community pools, but what truly sets this home apart is its exceptional location. Just moments away, the Upper Newport Bay Nature Preserve known locally as the Back Bay. With miles of scenic walking and biking trails, kayaking, birdwatching, and one of Southern California's most celebrated coastal estuaries. World class beaches, award winning schools, premier shopping, and renowned dining are all just minutes away, making this an exceptional opportunity to experience the very best of Newport Beach living.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1963
- Lot Size
- 1,678 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $712.0 / Month
Neighborhood Insights
Newport Beach Unified Schools
Eastbluff Elementary School
Grades K-6 • 1.0 mi
9/10
Heinz Kaiser Elementary School
Grades 3-6 • 1.2 mi
8/10
Woodland Elementary School
Grades PK-2 • 1.4 mi
0/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 2.0 | 3.8 |
| Square foot | 1,678 | 2,729.518 |
| Lot Size | 1,678 | 6,677.813 |
| Price | $1.29M | $4.20M |
| Price per sq ft | $772 | $1.6K |
| Built year | 1963 | 1972 |
| HOA | $712.0 | $414 |
| Days on market | 43 | 63 |
Pricing History
Listed for Sale
Jul 28, 2026
$1,295,000
Initial Listing
Sold
Nov 9, 2020
$750,000
Public Record
Sold
Jun 28, 2000
$240,000
Public Record
Sold
Mar 20, 1998
$172,000
Public Record
Sold
May 6, 1994
$165,000
Public Record