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Two-Bedroom Residential Income Property
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313 Alvarado, Newport Beach, CA 92661

Newport Beach, CA

Property Size584 SF
Lot Size0.05 Acres
Price / SF$8.48
Days on Market49

Property Features for 313 Alvarado

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 2
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 1, Bedroom 2, Bathroom 1, Laundry Room
Pets allowed Cats OK, Dogs OK, Breed Restrictions
Subdivision Balboa Peninsula (Residential) (BALP)
Lot features 0-1 Unit/ Acre
Elementary school district Newport Mesa Unified
Middle school district Newport Mesa Unified
High school district Newport Mesa Unified
Directions main cross streets are balboa blvd and coronado st
Standard status Active
APN 04810112
Size 584 SF
Lot size 0.05 Acres

Utilities

Sewer type Public Sewer
Water source Public

Amenities

built-in bay window bench
custom wood cabinetry
marble-style quartz countertops
mosaic tile backsplash
stainless steel appliances
gas range
breakfast bar
washer/dryer
walk-in shower
rain showerhead
garage

Building Details

Year built 1980
Floors in Building 2
Number of units 2
Listing Agency: Balboa Island Estates
Listed By: Lucas Kinney · License #01946207
Added: Aug 14 Changed: Sep 28 Last Checked: Oct 1 at 2:06AM
MLS# PW26178530

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 584-square-foot residential property has two bedrooms, one bathroom, and an open arrangement connecting the living, dining, and kitchen areas. The kitchen includes custom wood cabinetry, quartz countertops, a breakfast bar, stainless steel appliances, and a gas range. A laundry alcove contains a stacked washer and dryer, and the garage provides storage space. The property was built in 1980 and sits on a 0.05-acre lot.

Located at 313 Alvarado in Newport Beach, the property is a few homes from the water. Public water service and public sewer serve the property.

Key Highlights

  • 584 Square Feet
  • 0.05 acres
  • Two bedrooms, one bathroom, and a laundry room

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Daycare Center HVAC Service (Bike/Boat/Book/etc) Store Auto Parts Store Auto Repair Shop Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

664
Businesses Nearby

Demographics for 92661, CA

3,457
Population
2,727
Households
1.3
Avg Household Size
48
Median Age
58%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
4,939
Density / Sq Mi
$209,620
Median Household Income
$135,407
Median Earnings
$2,836
Median Rent
$2,000,001
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential income property - An open living, dining, and kitchen arrangement is complemented by a laundry alcove and a garage used for storage.
Where is this residential income property located?
The property is located at 313 Alvarado Newport Beach, CA.
What are key features of this property?
This property features: 584 Square Feet; 0.05 acres; Two bedrooms, one bathroom, and a laundry room
More about this property
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