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Rachel Hanson

rachelhansonrealty@gmail.com +1(951) 215-7772

$5,500,000

Est. payment - /mo

6 Beds

4 Baths

3,202 SqFt

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,202 sqft

Price per Sqft $1,717

Subdivision West Newport Beach (Wsnb)

MLS Listing ID OC26229647

Bedrooms 6

Full Baths 4

Construction Status Fixer

HOA Y/N No

Year Built 1955

Lot Size 4,443 Sqft

Property Sub-Type Duplex

Property Description

RARE NEWPORT BEACH WATERFRONT OPPORTUNITY WITH DUAL WATER FRONTAGE AND PRIVATE BOAT DOCK! Acquire a distinctive waterfront property combining boating access, income potential, and redevelopment possibilities in desirable Newport Beach. Situated on an approximately 4,500-square-foot lot along the Newport Canal, 4204 River Avenue is a compelling opportunity for investors, builders, boating enthusiasts, and buyers looking to create their dream waterfront residence.
The property is legally a duplex and configured as three living areas, with approximately 3,202 square feet of existing improvements, six bedrooms, and four bathrooms. While the property requires renovation, its versatile configuration creates several potential investment strategies. Renovate and explore its rental income potential, enjoy waterfront living while generating supplemental income, or pursue plans for a custom luxury waterfront residence. For developers, the existing set up may offer the advantage of generating rental income to help offset carrying costs while architectural plans, permits, and redevelopment approvals are pursued.

What truly sets this property apart is its waterfront setting. Dual water frontage, a private dock, and beautiful canal surroundings create a unique opportunity to embrace the Newport Beach boating lifestyle. Imagine stepping outside to enjoy your boat, kayak, or paddleboard, spending afternoons exploring the harbor, and returning home to the tranquility of life along the water. Just a short distance from the sandy beaches of the Balboa Peninsula, neighborhood parks, coastal restaurants, and shopping, the location offers an exceptional combination of recreation, convenience, and coastal charm.
For those with vision, the possibilities extend well beyond the existing structure. Whether your goal is to establish a waterfront income property, secure a personal coastal retreat with supplemental rental income, or design and build an extraordinary custom residence, here is a chance to invest in the location today and unlock its potential for tomorrow.
Opportunities combining waterfront land, a private boat dock, income potential, and redevelopment possibilities are increasingly difficult to find in Newport Beach. The true value is in the land, the waterfront setting, and the opportunity to create something exceptional. All uses, rental configurations, dock rights, and redevelopment possibilities are subject to independent verification and applicable approvals.

Location

State CA

County Orange

Area N8 - West Newport - Lido

Rooms

Main Level Bedrooms 3

Interior

Interior Features In-Law Floorplan, Unfurnished, All Bedrooms Up, All Bedrooms Down, Multiple Primary Suites

Cooling None

Flooring Carpet

Fireplaces Type None

Fireplace No

Appliance Gas Oven

Laundry Inside

Exterior

Exterior Feature Boat Slip, Dock

Parking Features Direct Access, Door-Single, Garage, Off Street, Workshop in Garage

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Biking, Dog Park, Park, Water Sports

Utilities Available Electricity Available, Natural Gas Connected, Sewer Connected, Water Connected

Waterfront Description Beach Access,Bayfront,Canal Front,Dock Access,Navigable Water,Ocean Access,Seawall

View Y/N Yes

View Canal, City Lights, Marina, Ocean, Water

Accessibility Adaptable For Elevator, Other

Porch Deck, Open, Patio

Total Parking Spaces 3

Private Pool No

Building

Lot Description Level, Street Level

Dwelling Type Duplex

Story 2

Entry Level One,Two

Sewer Public Sewer

Water Public

Architectural Style Bungalow

Level or Stories One, Two

New Construction No

Construction Status Fixer

Schools

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 42329304

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Trust

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Listed by Paula Aragone First Team Real Estate 714-366-6117, DRE #01364746

NEARBY SCHOOL & BUSINESS

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4204 River AVE Newport Beach, CA 92663