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Listed by Jason C Bradshaw • Coldwell Banker Realty
$ 5,500,000
Est. payment /mo
New
2006 Court ST Newport Beach, CA 92663
3,753 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25246738
Year Built 1925
Lot Size 3,753 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
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
Rooms
Kitchen Dishwasher, Freezer, Oven Range - Gas, Refrigerator
Interior
Flooring Laminate
Laundry In Closet, Other
Exterior
Pool 31, None
View Local/Neighborhood
Building
Water District - Public
Others
Tax ID 04715208
Special Listing Condition Not Applicable
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