465 Santa Ana Avenue, Newport Beach, California 92663, Newport Beach, - bed, bath

home-pic
ACTIVE UNDER CONTRACT$3,195,000
465 Santa Ana Avenue, Newport Beach, California 92663
0Bed
0Bath
2,000Sqft
5,876Lot
Year Built
1924
Close
-
List price
$3.19M
Original List price
$3.19M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25237417
Home ConditionFair
Features
Good View:
Patio
View-

About this home

Perfectly positioned on a coveted corner lot in one of Newport Heights most desirable locations, 465 Santa Ana Avenue presents a rare 3-unit multifamily opportunity. Zoned R-1, this property offers exceptional versatility and endless potential. The charming front bungalow features 2 bedrooms, 1 bathroom, a cozy fireplace, and a spacious private backyard, exuding classic Newport charm. The detached rear building includes two additional units—a 3-bedroom, 2-bathroom upper residence and studio in the lower unit. Additional amenities include two single-car garages and a shared laundry room for tenant convenience. Whether you’re an investor seeking a premium Newport Beach income property or a homeowner envisioning your dream build, 465 Santa Ana delivers the best of both worlds. Enjoy strong rental income while you plan future development. Located just moments from world-class beaches, top-rated schools, and the shops and restaurants of 17th Street, this is an opportunity not to be missed.

Nearby schools

8/10
Newport Heights Elementary School
Public,K-61.3mi
7/10
Horace Ensign Intermediate School
Public,7-80.7mi
7/10
Newport Harbor High School
Public,9-120.6mi

Price History

Date
Event
Price
10/15/25
Listing
$3,195,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (24 Listings)
Beds06
Baths04
Square foot2,0002,461
28%
Lot Size5,8762,614
92%
Price$3.19M$3.19M
50%
Price per square foot$1,598$1,404
72%
Built year19241963
4%
HOA
Days on market21168
4%
Condition Rating
Fair

Built in 1924, this multi-unit property is aged but appears to be maintained for rental purposes. The kitchens and bathrooms across the units are functional and clean, but feature dated styles and components, such as white appliances and butcher block countertops in the bungalow, and basic tile flooring, fluorescent lighting, and older fixture styles in the other units. While livable, the property requires significant cosmetic updates and likely major system modernizations, as indicated by its age and the listing's suggestion for 'future development' rather than recent extensive renovation.
Pros & Cons

Pros

Prime Location & Lifestyle: Coveted corner lot in Newport Heights, moments from world-class beaches, top-rated schools, and the vibrant shops and restaurants of 17th Street.
Multifamily Income Potential: Rare 3-unit triplex offering strong rental income, appealing to investors seeking a premium Newport Beach income property.
Development & Versatility: Zoned R-1, the property offers exceptional versatility and endless potential for future development, allowing for a dream build while generating income.
Tenant Amenities: Includes two single-car garages and a shared laundry room, enhancing convenience for tenants and adding value to the property.
Access to Top-Rated Schools: Located within close proximity to highly-rated elementary, middle, and high schools, a significant draw for families.

Cons

Age of Property & Potential Maintenance: Built in 1924, the property likely features older systems and may require significant capital expenditure for modernization and ongoing maintenance.
R-1 Zoning Implications: While currently a 3-unit property, the R-1 zoning (single-family residential) could present challenges for future multi-unit expansion or require costly conversion if a buyer intends to maintain or expand multi-family use long-term.
Undisclosed Unit Condition: The description lacks specific details on the current condition or recent upgrades of all three units, suggesting they may require substantial renovation to meet modern tenant expectations or maximize rental value.

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