2006 Court ST new Save Request In-Person Tour Request Virtual Tour
Newport Beach,CA 92663
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID OC25246738
Year Built 1925
Lot Size 3,754 Sqft
Property Sub-Type Quadruplex
Property Description
First time on the market in 30 years, 2006 Court Street offers an exceptionally rare investment opportunity in one of Newport Beach's most sought-after coastal neighborhoods. Set on two contiguous parcels spanning approximately 50 feet in width, this 100-year-old quadruplex sits just steps from the pier, beaches, and the shopping and dining of the Balboa Peninsula, a location that continues to see some of the highest appreciation and redevelopment activity, along with the most gorgeous sunsets you'll find in the city.
Currently configured as two 1-bed/1-bath units, one 2-bed/1-bath unit, and one converted 1-bed/1-bath studio, the property provides a range of income opportunities with significant long-term upside. Its mixed-use potential allows for future transformation into residential units above and retail below (subject to city approval), making it ideal for investors seeking both flexibility and future growth.
With eight on-site parking spaces, two storage sheds, and an irreplaceable position in the heart of Newport Beach, this property represents an exceptional land-banking opportunity with income potential and unlimited possibilities for the next century.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Interior
Flooring Laminate,Tile
Fireplaces Type None
Laundry Inside,Laundry Closet
Exterior
Exterior Feature Awning(s)
Pool None
Community Features Curbs,Street Lights,Sidewalks
View Y/N Yes
View Neighborhood
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
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