
Newport Beach, California 92663
This Residential Income Duplex represents a Strong Value Opportunity, listed at a $4,800,000 List Price, which aligns with its $4,800,000 Fair Market Value. Featuring a Mint Condition Rating following a comprehensive renovation, this property offers immediate rental readiness. With a Rare Short-Term Rental Permit, a 4-bedroom upper unit, and a 2-bedroom lower unit, it provides exceptional versatility. Located near Newport Elementary (9/10), this asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield coastal retreat with significant income-generating potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4704 Seashore Drive Subject | $4,800,000* List Price | 6 | 3 | 2,890 | $1,661 | - |
A 4704 Seashore Drive Active | $4,800,000 List Price | 6 | 3 | 2,890 | $1,661 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the structure dates to 1963, the interior has undergone a comprehensive modern renovation within the last 5 years. The kitchen features contemporary white shaker cabinetry, quartz countertops with a waterfall edge, and stainless steel appliances. Updated recessed lighting, modern flooring, and clean finishes throughout indicate a mint-condition, move-in ready property requiring no immediate maintenance.
Elementary School: Newport Elementary School (9/10).
The inclusion of a rare short-term rental permit provides a significant competitive advantage, allowing for high-yield income generation in a highly sought-after coastal market.
Located just steps from the sand in West Newport Beach, the property offers immediate beach access and peek-a-boo ocean views, ensuring strong long-term value and desirability.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3049, other record lot size in square feet = 3257.
Built in 1963, the property utilizes a separate coin-operated laundry room and may require significant modern upgrades to justify the premium $4.8 million price point.
The ocean views are characterized as 'peek-a-boo' rather than panoramic, which may be a drawback for luxury buyers expecting unobstructed coastline vistas at this valuation.
>>>>>Prime Investment Opportunity Just Steps from the Sand in Newport Beach.>>>>>Welcome to your perfect beachside getaway or investment gem! Ideally located, to the beach and sand with shopping close by, with being just a few steps from the sand, it offers a peek-a-boo view of the ocean. With a rare short-term rental permit, this property presents a unique opportunity for flexible living or income generation. The lower unit features 2 spacious bedrooms, 1 full bathroom, and could possible have another bathroom added downstairs a fully equipped kitchen, and a private patio—ideal for relaxed coastal living. The upper unit boasts 4 bedrooms, 2 bathrooms, and has two separate entrances to the upstairs a full kitchen, formal dining area, and two expansive patios for enjoying ocean breezes and sunset views. Additional features include: 2-car garage plus 1 covered parking space Coin-operated laundry room (separate from the units)Ideal for multi-generational living, vacation rental income, or a primary residence with guest accommodations. Whether you're looking for a personal beach retreat, a lucrative investment, or a mix of both, this versatile property delivers on all fronts.
No exterior & parking available.
Grades K-6 • 1.5 mi
Grades PK-6 • 1.6 mi
Grades 7-8 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 5.5 |
| Baths | 3.0 | 3.8 |
| Square foot | 2,890 | 2,512.545 |
| Lot Size | 3,049 | 2,760.364 |
| Price | $4.80M | $3.24M |
| Price per sq ft | $1.7K | $1.8K |
| Built year | 1963 | 1958 |
| HOA | $0 | $0 |
| Days on market | 28 | 72 |
Aug 12, 2026
$4,800,000
Initial Listing
May 15, 1998
$530,000
Public Record