35
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$5,500,000
Est. payment /mo
6 Beds
3,753 Sqft Lot
New
2006 Court Street Newport Beach, CA 92663
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (
MLS Listing ID OC25246738
Bedrooms 6
Lot Size 3,753 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
First time on the market in 30 years, 2006 Court Street offers an exceptionally rare investment opportunity in one of Newport Beachs 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 youll 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
Zoning See Remark
Direction Newport Beach peninsula adjacent to the pier
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 04715208
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://player.vimeo.com/video/1133583323?badge=0
Listed by Jason C Bradshaw Coldwell Banker Realty
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