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    5119 River Ave Newport Beach, CA 92663

    For Sale
    $4,995,000

    MULTI_FAMILY - Newport Beach, CA

    Property size:
    2,934 SF
    Lot size:
    0.06 Acres
    Days on Market:
    83
    Last Refresh:
    Dec 7 at 2:06 pm

    Property Features for 5119 River Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 5, Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 4, Bathroom 2
    Bedrooms
    5
    Bathrooms
    4
    APN
    42450402
    Parking
    4
    Parking features
    Assigned, Driveway, Open
    Patio and Porch features
    Deck
    Interior features
    Granite Counters, Open Floorplan
    Exterior features
    Balcony
    Appliances
    Dishwasher, Dryer, Electric Cooktop, Refrigerator, Washer, Water Line to Refrigerator
    Size
    2,934 SF
    Lot size
    0.06 Acres

    Utilities

    Water front features
    Ocean Access
    Water front
    1

    Building Details

    Year built
    1963
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Laminate

    Windermere Real Estate (760) 848-8444 [email protected]

    Listing agent Martha T Brown (760) 219-0915

    Listing date Sep 16, 2025

    MLS# 219135420 Listing URL

    Copyright © 2025 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.

    Overview

    Newport Beach Duplex Near Ocean

    Located just three houses from the beach, this duplex offers coastal living with access to the ocean, Newport, and Huntington. The property includes two units, presenting an opportunity for homeowners to live in one unit while generating rental income from the other, or to rent both units. The lower unit features 2 bedrooms, 2 bathrooms, an open kitchen to family room, a slider door to an enclosed lower patio, and laundry facilities. The upstairs unit mirrors the lower unit's floor plan but includes a larger, additional third bedroom with its own entrance and a spacious balcony. With city permitting, this third bedroom could potentially be converted into a separate studio apartment. Ample parking is available with a 2-car garage and a 2-car driveway. Both the lower and upper units have been completely remodeled and can be rented on a month-to-month basis or, with a city permit, as short-term/vacation rentals. The property size is 2934 square feet and the lot size is 0.0634 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Daycare Center Building Supply Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport Beach
    County
    Orange
    State
    California
    Longitude
    -117.942809
    Latitude
    33.623336

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    FAQs

    What type of property is this?
    Duplex - Duplex near the beach with income potential.
    Where is this duplex located?
    The property is located at 5119 River Ave Newport Beach, CA.
    What is the asking price?
    The asking price for this property is $4,995,000.
    What are key features of this property?
    This property features: - Highly coveted location only 3 houses from the beach with ocean access.; - Versatile duplex offering opportunity to live in one unit and rent the other for income.; - Both lower and upper units are completely remodeled.
    (760) 219-0915
    Request Owner's contact information
    5119 River Ave Newport Beach, CA 92663
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    Newport Beach, CA 92663
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    Realmo Value Estimation

    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.

    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.

    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
    5119 River Ave Newport Beach, CA 92663
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