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Listed by John Mussen • John Mussen, Broker
$ 3,325,000
Est. payment /mo
Price Dropped by $100K
2316 La Linda Newport Beach, CA 92660
8,100 Sqft Lot
UPDATED:
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
Source California Regional MLS
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
Tax ID 11933237
Special Listing Condition Not Applicable
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