2316 La Linda new Save Request In-Person Tour Request Virtual Tour
Newport Beach,CA 92660
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRLG25251367
Year Built 1965
Lot Size 8,100 Sqft
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 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 ne
Location
State CA
County Orange
Area N7 - West Bay - Santa Ana Heights
Rooms
Kitchen Ice Maker,Dishwasher,Freezer,Garbage Disposal,Microwave,Other,Oven - Self Cleaning,Oven Range - Gas,Oven Range,Refrigerator,Oven - Gas
Interior
Heating Other,Central Forced Air
Cooling Central AC,Other
Laundry In Garage
Exterior
Parking Features Garage,Gate / Door Opener,Other
Garage Spaces 2.0
Pool None
Building
Lot Description Corners Marked,Grade - Level
Water Other,District - Public
Others
Special Listing Condition Not Applicable