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

home-pic
ACTIVE$3,795,000
131 46th Street, Newport Beach, California 92663
6Beds
4Baths
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
OC25088257
Home ConditionGood
Features
Good View: Neighborhood
Deck
ViewNeighborhood

About this home

Enjoy coastal living with this FULLY REMODELED DUPLEX, located in the highly sought-after Peninsula of Newport Beach. This unique property offers a total of 2,440 square feet and brings together modern luxury and functionality within its intelligently designed open floorplan, promoting an effortless flow of space and light. The lower unit is 1376 sq ft and the top unit is 1064 sq ft. Each level of this exceptional duplex features 3 bedrooms and 2 well-appointed bathrooms, ensuring ample space, comfort, and privacy for residents or guests. The home is meticulously renovated with modern, high-end amenities throughout, blending style and sophistication to enhance everyday living. Every detail has been carefully considered, from sleek fixtures and premium finishes to smart energy-efficient systems. Positioned just steps away from the beach, this property ensures that the beautiful coastline is always within reach. This prime location effortlessly offers the vibrant lifestyle of Newport Beach. The property further distinguishes itself with a spacious 3-car attached garage and additional carport, in an area where parking is a valued commodity—making this an invaluable feature for prospective buyers or tenants. The duplex also presents a lucrative investment opportunity with excellent rental income potential. Its prime location and high-demand neighborhood make it an ideal asset for those looking to capitalize on the vibrant rental market in Southern California. Whether you're looking to make this your home or to expand your investment portfolio, this property promises unmatched convenience and lifestyle advantages. Perfect for a 1031 exchange. Property is also available for lease OC25097787

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 (24 Listings)
Beds66
50%
Baths44
50%
Square foot2,4402,461
48%
Lot Size2,6142,614
50%
Price$3.79M$3.2M
64%
Price per square foot$1,555$1,404
72%
Built year19881965
88%
HOA
Days on market197181
72%
Condition Rating
Good

The property was built in 1988 but is described as "FULLY REMODELED" with "modern, high-end amenities throughout". The images show updated kitchens and bathrooms with modern fixtures and finishes. The overall condition appears to be move-in ready with no immediate renovation required. While not brand new, the extensive renovation brings it to a good condition.
Pros & Cons

Pros

Prime Location: Located in the highly desirable Peninsula of Newport Beach, just steps from the beach, offering a vibrant coastal lifestyle.
Fully Remodeled: The duplex has been meticulously renovated with modern, high-end amenities throughout, blending style and sophistication.
Excellent Rental Potential: Presents a lucrative investment opportunity with excellent rental income potential due to its prime location and high-demand neighborhood.
Spacious Garage and Carport: Features a spacious 3-car attached garage and additional carport, a valuable commodity in this area.
Duplex Configuration: Offers two separate units, each with 3 bedrooms and 2 bathrooms, providing flexibility for owner-occupancy with rental income or full rental potential.

Cons

Price Point: The list price of $3,795,000 may be a barrier to entry for some buyers, requiring a significant financial investment.
Lot Size: The lot size of 2,614 sqft is relatively small, which may limit outdoor space and potential for expansion.
HOA Fees: Information about HOA fees is not provided, which could be a significant ongoing expense for the buyer.

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