$ 3,200,000
-
$3,200,000
Price -
4
Bed -
3
Bath -
2,314
SqFt
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About the Listing LGJMB - lgmussjoh
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 Beach—cash-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 location—ideal for outdoor living and future expansion. Income & Upside: Long-term lease potential in the $12,000–$15,000/month range; mid-term furnished (3–6 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 ~1,000–1,200 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-Mesa School district. Offered at $3,200,000.
Listing Highlights
Interior Details
- Bedrooms: 4
- Bathrooms: 3 Full
- Appliances: Convection Oven, Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Free-Standing Range, Freezer, Disposal, Gas Oven, Gas Range, High Efficiency Water Heater, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Tankless Water Heater, Water To Refrigerator, Water Heater
- Air Cond: Central Air,ENERGY STAR Qualified Equipment
- Heating: Central,ENERGY STAR Qualified Equipment
- Fireplaces: Family Room,Gas,Gas Starter,Wood Burning
- Floor: Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Ceiling Fan(s),In-Law Floorplan,Quartz Counters,Recessed Lighting,Wood Product Walls,All Bedrooms Down,Bedroom on Main Level,Main Level Primary,Multiple Primary Suites,Primary Suite
- Water: Public
Exterior Details
- Lot Description: Back Yard,Cul-De-Sac,Drip Irrigation/Bubblers,Front Yard,Sprinklers In Front,Lawn,Landscaped,Level,Rectangular Lot,Sprinklers Timer,Value In Land,Walkstreet,No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 2
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Direct Access,Driveway,Garage,Garage Door Opener
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 11933237
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
2316 La Linda Newport Beach, CA 92660
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