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
5Beds
3Baths
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
NP25238314
Home Condition-
Features-
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)
Beds56
40%
Baths34
20%
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%
Pros & Cons

Pros

Prime Newport Beach Location: Positioned on a 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: A rare 3-unit multifamily opportunity (Triplex) offering strong rental income, ideal for investors seeking a premium income property.
Development & Versatility Potential: Zoned R-1, the property offers exceptional versatility and endless potential for future development or a homeowner's dream build, allowing for strategic long-term investment.
Desirable Neighborhood: Located in the highly sought-after Newport Heights subdivision, known for its charm and community appeal.
Excellent School Access: Proximity to top-rated public schools including Horace Ensign Intermediate, Newport Harbor High, and Newport Heights Elementary, enhancing family appeal.

Cons

Advanced Age of Property: Built in 1924, the property likely requires significant deferred maintenance, system updates, and substantial renovation costs to meet modern standards.
Zoning Ambiguity (R-1 for Triplex): The R-1 zoning typically implies single-family residential, which could present complexities or limitations for the existing triplex use or future multi-unit development, requiring thorough due diligence.
Lack of Premium Views: Despite its prime coastal location, the property explicitly states 'view: None,' which can be a significant drawback for a high-value property in Newport Beach.

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