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Beach-Area Duplex with Balcony
For Sale
Under Contract
$3,200,000

5119 River Avenue, Newport Beach, CA 92663

Residential Income, Newport Beach, CA

Property Size2,934 SF
Lot Size0.06 Acres
Price / SF$1,090
Days on Market242

Property Features for 5119 River Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 5
Bathrooms 4
Full bathrooms 2
Rooms Bedroom 5, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 2
Parking 4
Parking features Assigned, Open, Driveway
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
Subdivision Lido Peninsula
Lot features Level, Level
Standard status Active Under Contract
APN 42450402
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
Buildings 1
Listing Agency: Windermere Real Estate
Listed By: Martha T Brown · License #01223204
Added: Mar 3 Changed: Oct 30 Last Checked: Oct 31 at 12:06AM
MLS# 219144386

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

Rey
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Investment Insights

Based on property information with market context.

This 1963 duplex contains 2,934 square feet on a 0.0634-acre lot. The lower residence has two bedrooms and two bathrooms, an open kitchen and family room, laundry, and an enclosed patio. The upper residence follows a similar layout, with a third, larger bedroom, its own entrance, and a balcony. Both units have been remodeled. A two-car garage and a two-car driveway provide parking. The additional upper-level bedroom could function as a separate studio only with proper city permitting.

The property is three houses from the beach, with ocean access. Month-to-month rental is described as an option; short-term or vacation stays require a city permit.

Key Highlights

  • Duplex totals 2,934 square feet on a 0.0634‑acre lot
  • Lower residence has 2 bedrooms and 2 bathrooms; upper residence adds a larger third bedroom
  • Upper unit has a separate entrance and balcony; lower unit includes an enclosed patio

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,099
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two renovated residences offer separate entrances, outdoor space, and a two-car garage.
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 $3,200,000.
What are key features of this property?
This property features: Duplex totals 2,934 square feet on a 0.0634‑acre lot; Lower residence has 2 bedrooms and 2 bathrooms; upper residence adds a larger third bedroom; Upper unit has a separate entrance and balcony; lower unit includes an enclosed patio
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