4802 Neptune Ave
Newport Beach, CA 92663
Listing broker / agent: MEEHAN ESTATES, INC. · Brendan Horgan · 949-510-6162 · CRMLS
MLS # LG26212290 · Last checked Oct 19, 2026 12:16 UTC
About this property
**Investment Property Opportunity with Value-Added Potential** This property is currently appraised at $4,050,000 (MAI Appraisal). As a short-term rental, the estimated value increases to $4,555,000. Additionally, the large lot has the potential for constructing an Accessory Dwelling Unit (ADU) in the back, which could push the total value of the property to well over $6,000,000. You won’t find other properties on the Peninsula that offer this type of opportunity. This rare investment is just steps from the beach, located in one of Newport Beach’s most desirable coastal communities. It features a two-car garage and offers peak ocean views from the balcony. The property is conveniently situated just a quick drive from all that Orange County has to offer, including: - Pelican Hill Golf and Resort (10 minutes) - John Wayne Airport (10 minutes) - Angel Stadium & Honda Center (15 minutes) - Disneyland (20 minutes) - Knotts Berry Farm (20 minutes) - Laguna Beach (15 minutes) - Huntington Beach Pier (5 minutes) - Newport Harbor Fun Zone (3 minutes) - Fashion Island (5 minutes) - Segerstrom Hall & South Coast Plaza (15 minutes) Furthermore, this property presents an excellent opportunity for use as a primary residence. The upstairs can serve as a living space while the lower unit can be rented out as an income-producing property. Both units are currently rented on a month-to-month basis. Please contact the agent for showings.
Property details
- MLS number
- LG26212290
- Status
- Active
- Type
- Residential Income
- Subtype
- Duplex
- Lot size
- 0.0771 acres
- County
- Orange
- Year built
- 1962
- Stories
- 2
More property detailsCollapse
Listing
- Days on market
- 1
Building
- Year built
- 1962
- Year built source
- Appraiser
- Architectural style
- Contemporary
- Stories
- 2
- Building stories
- 2
- Levels
- Two
- Entry level
- 1
- Condition
- Turnkey
Rooms & interior
- Rooms
- Family Room, Foyer
- Appliances
- Built In Range, Dishwasher, Disposal
- Interior features
- Balcony, Block Walls, Ceiling Fans, Granite Counters, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Entrance Foyer
- Heating
- Central
- Cooling
- Central Air
- Fireplace
- None
- Laundry
- Inside
Exterior & parking
- Total parking spaces
- 2
- Garage spaces
- 2
- Parking
- Door Single, Driveway, Garage Faces Front, Garage
- Pool
- None
- Spa
- None
- Lot features
- Two To Five Units Acre
- Lot size source
- Assessor
- Fencing
- Block, Wood
- Property outlook
- Ocean, Peek A Boo
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Community features
- Street Lights, Suburban, Water Sports
Fees & lease terms
- Association
- No
- Association fee
- $0.00
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Newport Heights Elementary (school website, opens in a new tab) Newport-Mesa Unified · Newport Beach | K–6 | 1.3 mi |
| Whittier Elementary (school website, opens in a new tab) Newport-Mesa Unified · Costa Mesa | Not reported | 1.3 mi |
| Horace Ensign Intermediate (school website, opens in a new tab) Newport-Mesa Unified · Newport Beach | 7–8 | 1.4 mi |
| Newport Harbor High (school website, opens in a new tab) Newport-Mesa Unified · Newport Beach | 9–12 | 1.6 mi |
| Newport Elementary (school website, opens in a new tab) Newport-Mesa Unified · Newport Beach | Not reported | 1.7 mi |
| International School for Science and Culture (school website, opens in a new tab) Orange County Department of Education · Costa Mesa | K–8 | 2.0 mi |
| Pomona Elementary (school website, opens in a new tab) Newport-Mesa Unified · Costa Mesa | Not reported | 2.0 mi |
| Victoria Elementary (school website, opens in a new tab) Newport-Mesa Unified · Costa Mesa | Not reported | 2.1 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $4,050,000
- MLS-reported original asking price
- $4,050,000
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 06:03 | $4,050,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Newport Beach
Active residential homes for sale in Newport Beach, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
24 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-19 12:43 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗