Search
Remodeled Beachside Duplex
For Sale
$4,500,000

5119 River Avenue, Newport Beach, CA 92663

Residential Income, Newport Beach, CA

Property Size2,934 SF
Lot Size0.06 Acres
Price / SF$1,533
Days on Market197

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 2, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 4
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
Subdivision Lido Peninsula
Lot features Level, Level
Standard status Active
APN 42450402
Size 2,934 SF
Lot size 0.06 Acres

Utilities

Water front features Ocean Access
Water front 1

Amenities

enclosed lower patio
spacious balcony
laundry

Building Details

Year built 1963
Floors in Building 2
Number of units 2
Flooring type Laminate
Listing Agency: Windermere Real Estate
Listed By: Martha T Brown · License #01223204
Added: Mar 3 Changed: Sep 12 Last Checked: Sep 16 at 7:06PM
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.

Investment Insights

Based on property information with market context.

This Newport Beach duplex contains 2,934 square feet across two remodeled units. The lower residence includes 2 bedrooms, 2 bathrooms, an open kitchen and family room, an enclosed lower patio, and laundry. The upper residence follows a similar layout with an additional third bedroom, private entrance, and spacious balcony. Interior features include granite counters, laminate flooring, and an open floor plan, while appliances include a dishwasher, washer, dryer, refrigerator, and electric cooktop.

The property is located at 5119 River Avenue, approximately three houses from the beach, with ocean access nearby. Parking includes a 2-car garage and a 2-car driveway. The units may be rented month to month or used for short-term or vacation stays with city permitting, subject to applicable requirements.

Key Highlights

  • 2,934‑square‑foot duplex on a 0.0634‑acre lot
  • Approximately three houses from the beach in Newport Beach
  • Lower unit includes 2 bedrooms and 2 bathrooms

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Daycare Center Locksmith (Bike/Boat/Book/etc) Store Bakery Grocery & Convenience Store Veterinary Clinic

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

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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Two updated units offer flexible occupancy, rental use, and convenient parking near the ocean.
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: 2,934‑square‑foot duplex on a 0.0634‑acre lot; Approximately three houses from the beach in Newport Beach; Lower unit includes 2 bedrooms and 2 bathrooms
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message