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$6,500,000

Est. payment - /mo

3,754 Sqft Lot

Active

2006 Court AVE Newport Beach, CA 92663

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Jerry And Rachel Team Hsieh

jerryandrachelteam@gmail.com +1(424) 242-8856

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID OC25246738

HOA Y/N No

Year Built 1925

Lot Size 3,754 Sqft

Property Sub-Type Quadruplex

Property Description

First time on the market in over 30 years, 2004 and 2006 Court Avenue present an exceptionally rare investment opportunity in one of Newport Beach's most sought-after coastal enclaves. Spanning TWO contiguous parcels with approximately 50 feet of frontage combined, this 100-year-old concrete-built quadruplex sits just steps from the pier, beaches, and the dining and shops of the Balboa Peninsula, an area known for some of the city's strongest appreciation, vibrant redevelopment activity, and truly unforgettable sunsets.

The property is currently configured as TWO 1-bed/1-bath units, ONE 2-bed/1-bath unit, and ONE 2-bed/2-bath unit that has been thoughtfully divided into a 1-bed/1-bath plus an “owner's studio” with a full bath, covered patio, and private entrance. Each unit offers its own laundry and parking, showcasing charming details that include real hardwood floors, Mexican terracotta tile, ceramic tile bathrooms, and freestanding tubs.

With EIGHT on-site parking spaces, TWO storage sheds, and individual washer/dryer hookups for EVERY unit, this property provides a rare combination of character, functionality, and flexibility. Whether held as a stable income property or reimagined for the future, the mixed-use zoning potential (subject to city approval) allows for creative possibilities such as residential over retail.

Just one street from the sand, and away from the major boulevard, 2004–2006 Court Ave is a true land-banking opportunity in the heart of Newport Beach, offering income today and limitless potential for the next century to come.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Interior

Interior Features Built-in Features, Ceiling Fan(s), Open Floorplan

Flooring Laminate, Tile

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Freezer, Gas Range, Refrigerator

Laundry Inside, Laundry Closet

Exterior

Exterior Feature Awning(s)

Pool None

Community Features Curbs, Street Lights, Sidewalks

View Y/N Yes

View Neighborhood

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 04715208

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Virtual Tour https://player.vimeo.com/video/1133583323?badge=0

Listed by Jason C Bradshaw Coldwell Banker Realty 949-433-3001

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Jerry And Rachel Team Hsieh

Owner/Director of Sales | License ID: 01701809

+1(424) 242-8856

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2006 Court AVE Newport Beach, CA 92663

Jerry And Rachel Team Hsieh

Key Details

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2006 Court AVE