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    204 David Dr Newport Beach, CA 92663

    View on Map
    Sponsored
    For Sale
    $2,800,000

    MULTI_FAMILY - Newport Beach, CA

    Property size:
    2,025 SF
    Lot size:
    0.06 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 20 at 6:06 pm

    Property Features for 204 David Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 2
    Bedrooms
    5
    Bathrooms
    4
    APN
    04501022
    Parking
    5
    Parking features
    Open
    Patio and Porch features
    Deck
    Interior features
    Vaulted Ceiling(s), Beamed Ceilings, Track Lighting
    Fireplace
    1
    Appliances
    Dishwasher, Dryer, Gas Cooktop, Microwave Oven, Refrigerator, Stackable W/D Hookup, Washer, Water Line to Refrigerator
    Size
    2,025 SF
    Lot size
    0.06 Acres

    Utilities

    Utilities
    Electricity Available
    Heating system
    Central

    Building Details

    Year built
    1975
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Laminate
    Building materials
    Siding

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    Listing Contact
    Martha T Brown
    Martha T Brown

    Windermere Real Estate

    Listing agent Martha T Brown

    Listing date Mar 17, 2026

    MLS# 219144943 Listing URL

    Copyright © 2026 California Desert Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Updated Duplex Near Newport Beach

    This updated duplex is located one block from the beach. The upper unit has been completely remodeled and features an open floor plan, vaulted ceilings, a living/dining space with a fireplace, three bedrooms, and two full baths with Jacuzzi tubs. It also includes stack laundry, air conditioning, and two large balconies with wetland, mountain, and ocean views. The lower unit has newer laminate flooring and mini-split systems in all living areas and bedrooms, along with a spacious enclosed patio off the great room and full-sized laundry in the garage. There is an abundance of parking with a four-car garage plus one carport space. The siding and stairs have been replaced. The property is suitable as a long-term rental or a vacation/short-term rental with the proper city permit. It is within walking distance of restaurants and offers quick access to Newport and Huntington Beach. The property size is 2025 square feet and the lot size is 0.06 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport Beach
    County
    Orange
    State
    California
    Longitude
    -117.954071
    Latitude
    33.62963

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    FAQs

    What type of property is this?
    Duplex - Updated duplex, one block from the beach, investment opportunity.
    Where is this duplex located?
    The property is located at 204 David Dr Newport Beach, CA.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: - One block from the beach, offering immediate coastal access.; - Updated duplex with income potential as a long-term or short-term rental (with permit).; - **Upper unit is completely remodeled with vaulted ceilings, fireplace, and two large balconies with ocean views.**
    (760) 219-0915
    Request Owner's contact information
    204 David Dr Newport Beach, CA 92663
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    Newport Beach, CA 92663
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    204 David Dr Newport Beach, CA 92663
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    We can help!
    Listing Contact
    Martha T Brown
    Martha T Brown
    Real Estate License ID: 01223204
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