4015 Marcus Avenue
Newport Beach, CA, 92663 $ 5,350,000
Bedrooms10 Baths3.0 Sq 2,608 Monthly Estimate*
$ 35,558
Listed by DOUGLAS ELLIMAN OF CALIFORNIA, INC.
for $5,350,000 with 10 bedrooms and 3 full baths. This 2,608 square foot home was built in 1950 on a lot size of 0.0692.
Welcome to 4015 Marcus Drive, a captivating property nestled in the heart of Newport Island in Newport Beach. This extraordinary residence boasts a private dock, granting you the privilege of harboring your very own Duffy or larger boat at your waterfront home. Picture the sheer joy of gliding along the pristine waters, watching sunsets, or immersing yourself in the picturesque allure of Newport Harbor at your leisure. More than a haven for a fantastic waterfront lifestyle, this property presents a lucrative investment opportunity. Comprising two separate remodeled and upgraded units totaling 5 bedrooms, it offers flexible options to generate income. Rent out one or both units monthly, establishing a steady stream of revenue. Alternatively, reside in one unit while leasing the other, relishing the comfort of home alongside an additional income source. For paddle boarding enthusiasts, the tranquil harbor presents an ideal canvas for indulging in this popular coastal activity, offering serene and inviting waters for your enjoyment. Newport Beach, renowned for its stunning coastline and vibrant social scene, sets the stage for a life of leisure and enjoyment. Immerse yourself in the thriving Newport Island community, where luxury yachts, waterfront residences, and a vibrant boating culture converge to create an unrivaled coastal experience. As you explore the area, discover the relaxed yet glamorous atmosphere prevalent in Newport Island, nearby Peninsula beaches, Lido Marina Village's upscale shopping, delectable dining options at Fashion Island, and many more along the coast. Contact Broker regarding rental potential and rental history.
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FeaturesGeneralInterior Features Balcony OpenFloorplan
Sewer PublicSewer
Cooling CentralAir
Utilities ElectricityConnected SewerConnected WaterConnected
Roof Composition
Appliances GasCooktop GasOven
Exterior Features Dock
HOA 0.0
Garage Spaces 2.0
Pool Features None
Construction Materials Stucco
Year Built 1950
View Water
Stories 2
Levels Two
Property SubType Duplex
Gross Income 0.0
Waterfront Features CanalFront
Community Features StreetLights Sidewalks Marina
Accessibility None
County Orange
Net Operating Income 0.0
Operating Expense 0.0
Insurance Expense 0.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions W Balboa Blvd to 38th to Marcus Ave
City Newport Beach
Entry Location 1
View Y/N Y
Senior Community Y/N N
Total Units 2
MLS Area 699 - Not Defined
Lot Size Square Feet 3014.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 0
Street Name Marcus
Listing Terms Cash Conventional Submit
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Fuel Expense 0.0
Property Condition UpdatedRemodeled
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 28
Building Area Units SquareFeet
Standard Status Active
Year Built Source PublicRecords
Tax Lot 7
Property Sub Type Additional Duplex
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InteriorFlooring Laminate Tile
Fireplace Features None
Total Stories 2
Common Walls Item1CommonWall
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N N
Window Features BayWindows
Fireplace Y/N N
Street Suffix Avenue
Laundry Features Inside
Entry Level 1
Electric On Property Y/N N
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ExteriorFencing Partial
Parking Features DirectAccess Garage
Lot Features StreetLevel
Water Source Public
Total Parking 2.0
Lot Size Area 3014.0
Foundation Details Slab
Number of Buildings 1
Spa N
Building Area Total 2608.0
Lot Size Acres 0.0692
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByDouglas Elliman Of California, Inc.Broker
Affordability Calculator
- Monthly Principal & Interest
- $35,558
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Newport Beach, CA
Average List Price $4,943,938
Percent of Sale Price 8%
About Newport Beach, CA 87,617 Population
11% Since 2002
$ 123,504 Median Income
45.15 Median Age
20% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
12/16/2023 | $5,350,000 | | Listed Price |