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$5,500,000
Est. payment /mo
6 Beds
3,753 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (
MLS Listing ID OC25246738
Bedrooms 6
Lot Size 3,753 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
First time on the market in over 30 years, 2004 and 2006 Court Avenue present an exceptionally rare investment opportunity in one of Newport Beachs most sought-after coastal enclaves. Spanning TWO contiguous parcels with approximately 50 feet of frontage combined, this 100-year-old concrete-built quadruplex sits just steps from the pier, beaches, and the dining and shops of the Balboa Peninsula, an area known for some of the citys strongest appreciation, vibrant redevelopment activity, and truly unforgettable sunsets. The property is currently configured as TWO 1-bed/1-bath units, ONE 2-bed/1-bath unit, and ONE 2-bed/2-bath unit that has been thoughtfully divided into a 1-bed/1-bath plus an owners studio with a full bath, covered patio, and private entrance. Each unit offers its own laundry and parking, showcasing charming details that include real hardwood floors, Mexican terracotta tile, ceramic tile bathrooms, and freestanding tubs. With EIGHT on-site parking spaces, TWO storage sheds, and individual washer/dryer hookups for EVERY unit, this property provides a rare combination of character, functionality, and flexibility. Whether held as a stable income property or reimagined for the future, the mixed-use zoning potential (subject to city approval) allows for creative possibilities such as residential over retail. Just one street from the sand, and away from the major boulevard, 20042006 Court Ave is a true land-banking opportunity in the heart of Newport Beach, offering income today and limitless potential for the next century to come.
Location
State CA
County Orange
Zoning See Remark
Direction Newport Beach peninsula adjacent to the pier
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 04715208
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://player.vimeo.com/video/1133583323?badge=0
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Listed by Jason C Bradshaw Coldwell Banker Realty
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