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Beach Proximity Duplex Opportunity

5119 River Ave, Newport Beach, CA 92663

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For Sale

$4,500,000

Duplex near the beach with income potential and remodeled units.

Type:Investment

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.
Upper unit has potential to be converted into a separate studio apartment with city permitting.
Ample parking with a 2‑car garage and 2‑car driveway.
Desirable location with high walkability score (86).

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Listing Contact

Martha Brown

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For Sale

$4,500,000

Duplex near the beach with income potential and remodeled units.

Type:Investment

Added:: Apr 24, 2026
Days on Market:: 55
Last Refresh:: Apr 24 at 4:35 pm

Property Features for 5119 River Ave

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1963

We can help!

Listing Contact

Martha Brown

Listing agent Martha Brown License #01223204

Listing office Windermere Real Estate

Listing date Apr 24, 2026

Source Elliman

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

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.
Upper unit has potential to be converted into a separate studio apartment with city permitting.
Ample parking with a 2‑car garage and 2‑car driveway.
Desirable location with high walkability score (86).

Overview

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.

Location Intelligence

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Duplexes

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Local Demand

City: Newport Beach
County: Orange
State: California
Longitude: -117.942761
Latitude: 33.6234279

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For sale
Duplexes
CA
Newport Beach
92663
5119 River Ave

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 Ave 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.