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$ 3,200,000
Est. payment /mo
Active Under Contract
2316 La Linda Newport Beach, CA 92660
4 Beds
8,100 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Harbor Highlands I (Hh01)
MLS Listing ID LG25251367
Bedrooms 4
Lot Size 8,100 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Turn-key, newly renovated 2,214 sq ft single-family home on a huge 8,100 sq ft flat, rectangular cul-de-sac lot in prime Newport Beachcash-flow on day one with multiple value-add exits. Major capital items are DONE: new plumbing, new roof, new central A/C, dual-pane windows & doors, new kitchen, two heavily renovated baths + one renovated, new LVP floors, extensive recessed lighting, fresh interior & exterior paint, and a drywalled/finished garage with epoxy flooring. Bright, airy layout with 3 bedrooms downstairs plus a large upstairs bonus room currently used as a legal second primary suite. A giant backyard anchors the quiet cul-de-sac locationideal for outdoor living and future expansion. Income & Upside: Long-term lease potential in the $12,000$15,000/month range; mid-term furnished (36 months) targets $25,000/month for executive/relocation stays. ADU potential adds another cash-flow lever, with a backyard ADU concept at $200,000 generating $4,000/month in additional rent. Two proven value-add plays: (1) Add Square Footage (RTI): City-approved, shovel-ready plans to add ~1,0001,200 sq ft; modeled ROI 45% and $1.0$2.0M target profit (current underwriting upside $1.9M). (2) Scrape & Build New: Pursue a 6,000 sq ft custom (guidelines allow up to 8,500 sq ft). Area new construction has supported $1,900+/sf, with modeled ROI 70%+ (mid-case 72%) and $4.4$5.6M profit potential. Location: Short walk to Upper Newport Bay (Back Bay) trails; the beach is a bike ride away; minutes to Fashion Island and John Wayne Airport with fast 73/55/405 access. Within family friendly Newport-M
Location
State CA
County Orange
Zoning Assessor
Direction 23 rd off Santa ana
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 11933237
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://my.matterport.com/show/?m=NrAvj6C2de3
Listed by John Mussen John Mussen, Broker
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