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$4,050,000 Just Listed

  • For Sale
  • Active
  • Duplex
  • 6 Beds
  • 4 Full Baths
  • 2,304 Sq. Ft.
  • 2 Car Garage
  • Updated 2 hours ago
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This is a rare investment opportunity just steps from the beach and surf in one of Newport Beach's most desirable coastal communities. An appraisal conducted on June 19, 2026, valued the property at $4,050,000. The appraisal was performed by a Certified Member of the Appraisal Institute (MAI) and utilized all three approaches to value. This property is one of the few oversized lots in the area, offering significant potential for value enhancement. The backyard has ample space to add an additional accessory dwelling unit (ADU). Another option is to redevelop the site to build several new units, both of which could effectively maximize the potential of this large lot. Furthermore, the property presents an excellent opportunity for use as a primary residence. The upstairs can be used as a primary living space while renting out the lower unit as an income-producing property. Each of these options offers considerable value addition, whichever route you choose to pursue. These property features will allow for an effective and stable exit strategy in the future. Additionally, the home features a two-car attached garage and offers a peak ocean view from the patio. Conveniently located one street back from the beach, it is just a leisurely walk to Marina Village, fine dining, shops, and the harbor. This is an amazing opportunity for both short- and long-term income investors.

Full Property Details for 4802 Neptune Ave

General

  • Price: $4,050,000
  • Status: Active
  • Type: Duplex
  • Source: MRMLS
  • MLS ID: LG26176637
  • Updated: Today (8/12/2026)
  • Added to Site: Today

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

Get Pre-Approved

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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