131 46th Street, Newport Beach, California 92663, Newport Beach, - bed, bath

home-pic
ACTIVE$3,795,000
131 46th Street, Newport Beach, California 92663
0Bed
0Bath
2,440Sqft
2,614Lot
Year Built
1988
Close
-
List price
$3.79M
Original List price
$4M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25083533
Home ConditionGood
Features
Good View:
Deck
Patio
View-

About this home

Live the beach lifestyle in this beautifully remodeled duplex, ideally located on the Peninsula of Newport Beach, offers 2440 sq ft of bright, open-concept living just steps from the sand. A rare opportunity to own a move-in-ready coastal income property with unbeatable convenience and lifestyle appeal. The upper unit showcases 1064 sq ft of intelligent modern design with seamless indoor-outdoor flow-perfect for soaking in ocean breezes and vibrant sunsets from the front deck. The lower level offer 1376 sq ft of living area that opens to the outside patio for relaxing enjoyment. Each level offers 3 bedrooms, 2 bathrooms, and private spaces tailored for residents or guest alike. This home has been meticulously upgraded with premium finishes, sleek fixtures and energy efficient systems that blend style with comfort. The attached 3-car garage provide convenience that's rare for the area. Whether you're looking for a primary residence, a vacation getaway, or an investment opportunity with a 3% cap rate rental potential, this duplex delivers. The property is ideal for 1031 exchange buyers and those eager to capitalize on Newport Beach's thriving rental market. Live the dream in one of SoCal's hottest beaches and earn while you do it!! Live in one unit and rent out the other. Available for Lease.

Nearby schools

8/10
Newport Heights Elementary School
Public,K-61.4mi
9/10
Newport Elementary School
Public,PK-61.6mi
7/10
Horace Ensign Intermediate School
Public,7-81.4mi
7/10
Newport Harbor High School
Public,9-121.5mi
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (23 Listings)
Beds06.5
Baths04
Square foot2,4402,454
50%
Lot Size2,6142,614
50%
Price$3.79M$3.2M
63%
Price per square foot$1,555$1,431.5
71%
Built year19889815983
96%
HOA
Days on market201181
71%
Condition Rating
Good

The property, built in 1988, appears to have been significantly remodeled. The kitchens and bathrooms feature modern designs and updated fixtures. While not brand new, the overall condition suggests a well-maintained property with recent updates, placing it in the 'good' category.
Pros & Cons

Pros

Prime Location: Located on the Peninsula of Newport Beach, just steps from the sand, offering unparalleled access to the beach lifestyle.
Income Potential: Duplex configuration provides excellent income potential, ideal for 1031 exchange buyers or those seeking rental income, with a stated 3% cap rate.
Remodeled Units: Both units have been meticulously upgraded with premium finishes, sleek fixtures, and energy-efficient systems, offering modern comfort and style.
Garage Parking: Rare attached 3-car garage provides significant convenience in a high-demand area where parking is often limited.
Flexible Living Options: Suitable as a primary residence, vacation getaway, or investment property, offering flexibility for various buyer needs.

Cons

Price Point: The list price of $3,795,000 may be a barrier for some buyers, requiring a substantial investment.
Cap Rate: A 3% cap rate may be considered low by some investors, potentially impacting the attractiveness of the investment.
Year Built: Built in 1988, the property may require ongoing maintenance and potential upgrades compared to newer constructions.

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