$3,999,800
7Beds5Baths2,371SqFt
1320 W Balboa BoulevardNewport Beach, CA 92661Balboa Peninsula (Residential)
4802 Neptune Ave, Newport Beach, CA 92663
$4,050,000
46 Days On Site
Est. $26,273/mo with 20% down, 30-year fixed
- Beds
- 6
- Baths
- 4
- Sq Ft
- 2,304
- Per Sq Ft
- $1,758
- Built
- 1962
- Garage
- 2-car
Call Clark Smith (949) 494-8830
Subdivision Balboa Peninsula (Residential)
7 duplexes sold in the past 12 months · median $6,600,000
About 4802 Neptune Ave
**Investment Property Opportunity with Value-Added Potential**
This property is currently appraised at $4,050,000 (MAI Appraisal). As a short-term rental, the estimated value increases to $4,555,000. Additionally, the large lot has the potential for constructing an Accessory Dwelling Unit (ADU) in the back, which could push the total value of the property to well over $6,000,000. You won’t find other properties on the Peninsula that offer this type of opportunity.
This rare investment is just steps from the beach, located in one of Newport Beach’s most desirable coastal communities. It features a two-car garage and offers peak ocean views from the balcony. The property is conveniently situated just a quick drive from all that Orange County has to offer, including:
- Pelican Hill Golf and Resort (10 minutes)
- John Wayne Airport (10 minutes)
- Angel Stadium & Honda Center (15 minutes)
- Disneyland (20 minutes)
- Knotts Berry Farm (20 minutes)
- Laguna Beach (15 minutes)
- Huntington Beach Pier (5 minutes)
- Newport Harbor Fun Zone (3 minutes)
- Fashion Island (5 minutes)
- Segerstrom Hall & South Coast Plaza (15 minutes)
Furthermore, this property presents an excellent opportunity for use as a primary residence. The upstairs can serve as a living space while the lower unit can be rented out as an income-producing property.
Both units are currently rented on a month-to-month basis. Please contact the agent for showings.
Property details for 4802 Neptune Ave
This 6-bedroom, 4-bath duplex sits in the Balboa Peninsula (Residential) neighborhood of Newport Beach in Orange County. It offers 2,304 square feet of living space and is listed at $4,050,000, about $1,758 per square foot. The home was built in 1962. The MLS record lists the assessor parcel number as 424-463-11. Highlights include peek-a-boo ocean views, an attached two-car garage, central air, a turnkey home, and contemporary architecture. The detail sections on this page cover interior and exterior features, estimated taxes, HOA dues where they apply, and the map location.
Home Details
- Price
- $4,050,000
- Days On Site
- 46 Days
- Bedrooms
- 6
- Inside Area (SqFt)
- 2,304 sqft
- Total Baths
- 4
- Full Baths
- 4
- Partial Baths
- N/A
- Lot Size
- N/A
- Year Built
- 1962
- MLS® Number
- LG26176637
- Status
- Active
- Property Tax
- N/A
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- Appraiser
General Features
- Property Type
- Duplex
- MLS Number
- LG26176637
- Year Built
- 1962
- Living Area (sq ft)
- 2,304
- Living Area Source
- Appraiser
- Lot Size (sq ft)
- 3,358
- Lot Size (acres)
- 0.0771
- Levels
- Two
- Bedrooms
- 6
- Full Baths
- 4
- Garage Spaces
- 2
- Parking Spaces
- 2
- View
- Ocean, Peek A Boo
- Parcel Number
- 42446311
- On Market Date
- 2026-08-12
- Listing Terms
- Standard
Interior Features
- Interior Features
- Balcony, Block Walls, Ceiling Fans, Granite Counters, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Entrance Foyer
- Appliances
- Built In Range, Dishwasher, Disposal
- Heating
- Central
- Cooling
- Central Air
- Fireplace
- None
- Laundry
- Inside
- Main Level Bedrooms
- 3
- Main Level Bathrooms
- 2
- Entry Level
- 1
- Common Walls
- One Common Wall
- Windows
- Blinds, Bay Windows
- Doors
- French Doors
- Rooms
- Foyer, Family Room
Exterior Features
- Architectural Style
- Contemporary
- Lot Features
- Two To Five Units Acre
- Patio and Porch
- Brick, Concrete
- Parking
- Door Single, Driveway, Garage Faces Front, Garage
- Fencing
- Block, Wood
- Pool Features
- None
- Spa
- None
- Sewer
- Public Sewer
- Water
- Public
- Condition
- Turnkey
- Units
- 2
Community Features
- Subdivision
- Balboa Peninsula (Residential) (BALP)
- Community Features
- Street Lights, Suburban, Water Sports
Property History for 4802 Neptune Ave
| Date | Event | Price | Note |
|---|---|---|---|
| Aug 12, 2026 | Listed for sale | $4,050,000 |
No prior MLS sales on record for this home since 2012.
About Newport Beach
Set along the Pacific in Orange County, Newport Beach surrounds Newport Harbor, where Balboa Island, Lido Isle, and the Balboa Peninsula frame one of California's largest recreational harbors. The city stretches from the Balboa and Newport piers to Corona del Mar and Fashion Island, within the Newport-Mesa Unified School District.
Balboa Peninsula (Residential) home sales, past 12 months
7Homes sold
$6,600,000Median price
12Median days on market
$2,486Median per sq ft
At $1,758 per square foot, this home's asking price is 29% below the Balboa Peninsula (Residential) median of $2,486 for duplexes that closed in the past 12 months.
Recorded MLS closings of duplexes, Sep 20, 2025 to Sep 20, 2026. Days on market run from listing to going under contract.
Recent Balboa Peninsula (Residential) sales
| Address | Closed | Price | Sq ft | Per sq ft | Days on market |
|---|---|---|---|---|---|
| 5901 Seashore Drive | Jul 31, 2026 | $9,500,000 | 3,185 | $2,983 | 40 |
| 213 33rd Street | May 28, 2026 | $2,616,000 | 1,451 | $1,803 | 7 |
| 1204 E Balboa Boulevard | Feb 5, 2026 | $6,600,000 | 2,516 | $2,623 | 183 |
| 4103 Seashore | Jan 8, 2026 | $9,200,000 | 2,724 | $3,377 | 31 |
| 4208 River | Dec 16, 2025 | $4,350,000 | 1,750 | $2,486 | 6 |
School District for 4802 Neptune Ave
As listed in the MLS record. Confirm attendance boundaries with the school district.
The MLS record lists the Newport Mesa Unified.
Living in Newport Beach covers its schools, parks and beaches.
Estimated monthly payment
6.95% · 30-yr fixed$
$30,473/mo
10% down · 30-year fixed · $405,000 down
Principal & interest$24,128
Mortgage insurance (est., over 80% LTV)$1,519
Property tax (est. 1.08%)$3,645
Home insurance (rough est., varies widely)$1,181
HOANot reported, not included
$26,273/mo
20% down · 30-year fixed · $810,000 down
Principal & interest$21,447
Property tax (est. 1.08%)$3,645
Home insurance (rough est., varies widely)$1,181
HOANot reported, not included
$23,592/mo
30% down · 30-year fixed · $1,215,000 down
Principal & interest$18,766
Property tax (est. 1.08%)$3,645
Home insurance (rough est., varies widely)$1,181
HOANot reported, not included
Estimated carrying cost
$4,826/mo
All cash · taxes and insurance only
Principal & interestNone (cash purchase)
Property tax (est. 1.08%)$3,645
Home insurance (rough est., varies widely)$1,181
HOANot reported, not included
Estimate only, not a loan offer or quote. Principal and interest use the Freddie Mac 30-year fixed average of 6.95% (week of Sep 17, 2026); your rate will differ. A loan this size is typically a jumbo loan, which prices differently. Tax and insurance are modelled, not billed amounts; tax uses a typical Newport Beach rate, excluding Mello-Roos. Verify all figures. Full assumptions and disclosures.
Buying 4802 Neptune Ave
Want to see 4802 Neptune Ave in person? We have guided buyers through Balboa Peninsula (Residential) and the wider Newport Beach market since 1983. Call to arrange a private tour, or send a note and we'll follow up.
Selling near 4802 Neptune Ave
Thinking of selling nearby? We bring current Balboa Peninsula (Residential) sales data and a clear pricing strategy to every listing, backed by more than 700 closed sales and over $1B in Orange County volume. Start with a free home valuation, or reach out to talk through your options.
Location
Photos of 4802 Neptune Ave, Newport Beach
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Listed by Brendan Horgan of MEEHAN ESTATES, INC.
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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