5119 River Avenue, Newport Beach, California 92663, Newport Beach, - bed, bath

home-pic
ACTIVE$4,995,000
5119 River Avenue, Newport Beach, California 92663
5Beds
4Baths
2,934Sqft
2,762Lot
Year Built
1963
Close
-
List price
$5M
Original List price
$5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
219134836DA
Home ConditionExcellent
Features
Good View:
Deck
Patio
View-

About this home

Perfect for Beach Lovers, this Highly Coveted Location-- only 3 Houses from the Beach, Offers the Ultimate Coastal Lifestyle with Easy Access to the Ocean, Newport and Huntington. Experience the Perfect Blend of Comfort and Opportunity with this Versatile Duplex. Live in One Unit and Enjoy the Convenience of Home Ownership while Generating Rental Income from the Other or Rent Both for More Generous Income. The Lower Unit has 2 Bedrooms and 2 Baths, Open Kitchen to Family Room, and Slider Door to Enclosed Lower Patio and Laundry. The Upstairs Features Same FloorPlan as Lower except it has Additional 3rd Bedroom which is much Larger and has it's own Entrance and Spacious Balcony. With Proper City Permitting this could be a Separate Studio Apartment. Ample Parking with 2 Car Garage and 2 Car Driveway. Lower and Upper Units both Completely Remodeled and can be Rented Month to Month or with City Permit Short Term/Vacation Stay! Seize the Chance to Make this Stunning Beach Property your Own--Paradise Awaits.

Nearby schools

8/10
Newport Heights Elementary School
Public,K-61.7mi
9/10
Newport Elementary School
Public,PK-61.8mi
7/10
Horace Ensign Intermediate School
Public,7-81.6mi
7/10
Newport Harbor High School
Public,9-121.7mi

Price History

Date
Event
Price
09/04/25
Listing
$4,995,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (80 Listings)
Beds54
73%
Baths44
50%
Square foot2,9342,643
56%
Lot Size2,7623,600
35%
Price$5M$4.9M
52%
Price per square foot$1,702$1,838
43%
Built year19631962
52%
HOA
Days on market62188
7%
Condition Rating
Excellent

Despite being built in 1963, the MLS description explicitly states that both the lower and upper units have been 'Completely Remodeled.' The images strongly support this, showcasing modern, high-quality finishes throughout. The kitchens feature white shaker cabinets, light granite/quartz countertops, and stainless steel appliances (including a double oven and microwave) that appear new or virtually new. Bathrooms are equally updated with white vanities, matching countertops, and tiled showers with glass enclosures and modern fixtures. The flooring is consistent light wood-look laminate/LVP, and lighting is primarily recessed, indicating a comprehensive and recent renovation. All visible components meet current quality standards and show no signs of wear or deferred maintenance, aligning perfectly with the 'Excellent' condition criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Prime Coastal Location: Unbeatable location just three houses from the beach in highly coveted Newport Beach, offering direct access to the ocean and vibrant coastal lifestyle.
Income-Generating Duplex: Versatile duplex configuration allows for owner-occupancy with rental income from the second unit, or maximizing returns by renting both units.
Recently Remodeled Units: Both the upper and lower units have been completely remodeled, providing modern finishes and reducing immediate renovation needs for a new owner.
Flexible Rental Options: Property offers flexible rental opportunities, including month-to-month leases and potential for lucrative short-term/vacation rentals with proper city permitting.
Ample Off-Street Parking: Features a two-car garage and two-car driveway, providing rare and valuable ample off-street parking in a dense beach community.

Cons

Inconsistent Property Type Listing: The property is described as a duplex but listed as a 'Single Family Residence,' which could lead to confusion regarding zoning, financing, or legal use.
Limited Lot Size: The relatively small lot size of 2,762 sqft for a duplex of this square footage may limit outdoor living space and appeal to buyers seeking larger yards.
High Barrier to Entry (Price): The significant list price of nearly $5 million, while reflective of the location, narrows the potential buyer pool to a very exclusive segment of the market.

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