4703 River Avenue
Newport Beach, CA 92663
MLS #NP17016659

Income
  • 2units
  • 2,001sq ft
Pending Sale $1,800,000
Est. P&I payment: $6874.78/mo
4703 River Avenue, Newport Beach, CA 92663
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Description for 4703 River Avenue, Newport Beach, CA 92663
Offered at “Lot Value”, this is a seldom seen Balboa Peninsula opportunity to acquire an Oversized R2 Lot (where a single level duplex currently sets), and Rebuild to its full potential...so many possibilities! Located at the take-off of the Peninsula makes for easy on/easy off 365 days a year. Entering River Ave., you are greeted with a wide and Beautifully Landscaped Street, where the property owners Undergrounded Utilities (power poles and cables) through a special assessment process. The back side of property opens to a short and extra wide Dead End Alley; a deterrent to non-resident traffic. From the Rooftop Deck of a new 2 or 3-story structure, one could have Sweeping Ocean, City Lights and Sunset Park views. Imagine Year Round Ocean Breezes and the peaceful sound of Waves crashing toward shore in quiet moments. Enjoy some of the best Surf and amazing Sunsets just steps from the property. There are a few beautiful Parks within walking distance; Channel Place Park has a Beach where one may Launch Paddleboards and Kayaks into the Rivo Alto Channel. Fine Dining, the recently renewed Lido Village with Upscale Boutiques, Cannery Village, Art Galleries, the magnificent Marina Park and more, are all just a walk or bicycle ride away from this location. Whether you are looking to build your Dream Home, or envision building 2 Condos as an Investment, this is truly a great chance to create the perfect Newport Beach Lifestyle Experience!
MLS #NP17016659
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My Notes for MLS #NP17016659

General Features

  • Number Of Buildings: 1
  • Number Of Units Total: 2
  • Year Built: 1956
  • Year Built Source: Assessor
  • Zoning: R2
  • Elevation Units: Feet
  • Subdivision Name: Other (OTHR)

Exterior Features

  • Stories Total: 1
  • Uncovered Spaces: 3
  • Lot Features: Tear Down,​Value In Land
  • Lot Size SqFt: 4,792
  • Lot Size Units: Square Feet
  • Garage Spaces: 2
  • Parking Total: 5
  • Pool Features: None
  • Common Walls: 1 Common Wall
  • Property Attached YN: 1

Interior Features

  • Levels: One
  • Average 1Bed Area Units: Square Feet
  • Average 2Bed Area Units: Square Feet
  • Average 3Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet

Utility Features

  • Water Source: Public
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Financial Features

  • Gross Scheduled Income: 70,200
  • Price Per SqFt: 899.55
  • Tax Lot: 11A
  • Total Actual Rent: 5,850

Community Features

  • Community Features: Sidewalks,​Storm Drains,​Street Lighting

Miscellaneous Features

  • Building Area Total: 2,001
  • Building Area Units: Square Feet
  • Days On Market: 101
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 101
  • Tax Tract Number: 411

Location

 
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Directions to 4703 River Avenue, Newport Beach, CA 92663
From Coast Hwy. turn onto Balboa Blvd., turn first right onto River Ave. 2nd property on left between 47th & 48th Sts.
Listing information for 4703 River Avenue, Newport Beach, CA 92663 was graciously provided by our friends at the listing brokerage, Arbor Real Estate and by listing agent Little Marie DRE# 01506191

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P&I Payment $6874.78
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 01/21/2018 at 6:08am
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