Beach Proximity Duplex
For Sale
$4,500,000
5119 River Avenue, Newport Beach, CA 92663
Duplex near the beach with income potential and remodeled units.
Property SizeContact for details
Days on Market230
Property Features for 5119 River Avenue
General Information
Standard status
Active
Property subtype
Multi-family
Building Details
Year Built
1963
Listing Agency:
Windermere Real Estate
Listed By:
Martha Brown · License #01223204
(760) 219-0915
Source:
Sevengables
Added: Jan 29
Changed: Sep 15
Last Checked: Sep 15 at 8:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Windermere Real Estate
Investment Insights
Based on property information with market context.
This duplex, situated only three houses from the beach, offers coastal living with access to the ocean, Newport, and Huntington. The property features two units, providing the option to live in one while renting out the other for income, or renting both. The lower unit includes 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. Subject to city permitting, this third bedroom could potentially be converted into a separate studio apartment. Parking includes 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 has a bike score of 61, indicating it is bikeable, a walk score of 86, indicating it is very walkable, and a transit score of 40, indicating some transit options are available.
Key Highlights
- Only 3 houses from the beach, offering easy access to the ocean.
- Duplex property provides opportunity for rental income (live in one unit, rent the other, or rent both).
- Both lower and upper units are completely remodeled.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
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Business Placement
Demographics for 92663, CA
20,812
Population
12,348
Households
1.7
Avg Household Size
42
Median Age
64%
College-Educated
97%
High-School Grad
3.3 sq mi
ZIP Area
6,307
Density / Sq Mi
$138,271
Median Household Income
$77,157
Median Earnings
$2,717
Median Rent
$2,000,001
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex near the beach with income potential and remodeled units.
Where is this duplex located?
The property is located at 5119 River Avenue Newport Beach, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Only 3 houses from the beach, offering easy access to the ocean.; Duplex property provides opportunity for rental income (live in one unit, rent the other, or rent both).; Both lower and upper units are completely remodeled.
