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$4,050,000

  • For Sale
  • Active
  • Duplex
  • 6 Beds
  • 4 Full Baths
  • 2,304 Sq. Ft.
  • 2 Car Garage
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**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.

Full Property Details for 4802 Neptune Ave

General

  • Price: $4,050,000
  • Status: Active
  • Type: Duplex
  • Source: MRMLS
  • MLS ID: LG26176637
  • Updated: 8/31/2026
  • Days on Market: 46 days
  • Added to Site: 46 day(s) ago

Interior

  • Rooms/Areas: Foyer, Family Room
  • Interior Features: Balcony, Block Walls, Ceiling Fan(s), Living Room Deck Attached, Recessed Lighting, Open Floorplan, Granite Counters
  • Fireplace(s): None
  • Appliances: Disposal, Built-In Range, Dishwasher

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: Inside

Additional Information

  • Pool Description: None
  • Spa Description: None

Exterior

  • Deck/Patio: Brick, Concrete

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking: Garage, Garage (Single Door), Garage Faces Front, Driveway

Location

  • County: Orange
  • Subdivision: Balboa Peninsula (Residential) (BALP)
  • Driving Directions: From PCH go West on W. Balboa, right on River Ave, Left on 48th st, right on Neptune, second house on right.

School Information

  • School District: Newport Mesa Unified

Community

  • Community Features: Watersports, Street Lights, Suburban

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Contemporary
  • Structure Type: Duplex
  • Common Walls: 1 Common Wall
  • Windows: Bay Window(s), Blinds
  • Doors: French Doors
  • Entry Location: ground
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 2,304
  • Sq. Ft. Source: Appraiser
  • Year Built: 1962
  • Year Built Source: Appraiser
  • Property Condition: Turnkey

Lot Features

  • Property View: Ocean, White Water, Peek-a-Boo
  • Lot Size (Acres): 0.0771
  • Lot Size (Sq. Ft.): 3,358
  • Lot Size Source: Assessor
  • Lot Description: 2-5 Units/Acre
  • Fencing (Description): Block, Wood

Financial Considerations

  • Price Per Sq. Ft.: $1,757.81

Disclosures and Reports

  • Special Conditions: Standard

Listed by Meehan Estates, Inc., Brendan Horgan

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Listing agent

— 4802 Neptune Ave —

  • Brendan Horgan

    Meehan Estates, Inc.

949-510-6162

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 4802 Neptune Ave

School District:Newport-Mesa Unified School District
NameGradesDistance
Newport Elementary School
1327 West Balboa Boulevard, Newport Beach, CA 92661
K-61.7 mi
Horace Ensign Intermediate School
2000 Cliff Drive, Newport Beach, CA 92663
7-81.5 mi
Newport Harbor High School
600 Irvine Avenue, Newport Beach, CA 92663
9-121.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4802 Neptune Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/12/2026
Listed
$4,050,000
657.01%
MLS
7/05/1990
Sold
$535,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4802 Neptune Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,509
—
$773,324
2%
2025
$8,509
2%
$758,161
2%
2024
$8,368
2%
$743,296
2%
2023
$8,168
2%
$728,722
2%
2022
$8,027
2%
$714,434
2%
2021
$7,876
1%
$700,426
1%
2020
$7,800
2%
$693,244
2%
2019
$7,646
-7%
$679,651
2%
2018
$8,178
—
$666,325
2%
2017
$8,190
2%
$653,260
2%
2016
$8,035
1%
$640,451
2%
2015
$7,968
2%
$630,831
2%
2014
$7,793
1%
$618,474
—
2013
$7,736
—
$615,679
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 4802 Neptune Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Meehan Estates, Inc., Brendan Horgan

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4802 Neptune Ave, Newport Beach, CA 92663 (MLS# LG26176637) is a Duplex property with 6 bedrooms and 4 full bathrooms. 4802 Neptune Ave is currently listed for $4,050,000 and was received on August 12, 2026. Want to learn more about 4802 Neptune Ave? Do you have questions about finding other Duplex real estate for sale in Newport Beach? You can browse all Newport Beach real estate or contact a Coldwell Banker agent to request more information.

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