
Newport Beach, California 92663
This Strong Value Opportunity is a versatile Residential Income duplex listed at $4,495,000—positioned well below the $4,714,200 Fair Market Value by 4%. This valuation gap offers $219,200 in Instant Equity. Featuring a Condition Rating of 3, the property includes a Rare Short-Term Rental Permit, updated kitchens, and Coastline/Water views. Located near Newport Elementary (9/10), this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield coastal retreat with multi-generational living potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4704 Seashore Drive Subject 6 bd · 3 ba · 2,890 sqft · $1,631 | $4,495,000* List Price | 6 | 3 | 2,890 | $1,631 | - |
A 126 45th Street Active 5 bd · 4 ba · 2,320 sqft · $1,808 · 0.1 mi | $4,195,000 List Price | 5 | 4 | 2,320 | $1,808 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates back to 1963, the interior shows clear evidence of a comprehensive renovation likely performed within the last 10-15 years. The kitchens are updated with modern dark cabinetry, stainless steel appliances, and stone countertops. The living areas feature updated laminate flooring and recessed lighting, presenting the property in well-maintained, move-in ready condition suitable for its current use as a short-term rental.
Elementary School: Newport Elementary School (9/10).
The inclusion of a rare short-term rental permit provides a significant competitive advantage, offering high income potential in a coastal market where such permits are strictly limited.
Situated just steps from the sand in West Newport Beach, the property offers immediate beach access and peek-a-boo ocean views, ensuring long-term desirability and value retention.
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 may require substantial capital investment for modernizing systems and aesthetic updates to compete with newer luxury developments in the area.
A recent price reduction of $305,000 and 52 days on the market suggest that the property has faced initial resistance regarding its condition relative to the asking price.
>>>>>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 possibly 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 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 | 5.1 |
| Baths | 3.0 | 3.7 |
| Square foot | 2,890 | 2,313.222 |
| Lot Size | 3,049 | 2,703.444 |
| Price | $4.50M | $3.37M |
| Price per sq ft | $1.6K | $1.8K |
| Built year | 1963 | 1954 |
| HOA | $0 | $0 |
| Days on market | 74 | 63 |
Oct 3, 2026
$4,495,000
$4,800,000
-6% Price Drop
Initial Listing
Aug 12, 2026
$4,800,000
Initial Listing
May 15, 1998
$530,000
Public Record