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David Dodson

[email protected] +1(909) 553-1538

$ 2,895,000

Est. payment -/mo

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Price Dropped by $255K

421 Harding ST Newport Beach, CA 92661

4 Beds

4 Baths

2,400 SqFt

UPDATED:

11/04/2024 01:08 AM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $1,206

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID IG24195916

Bedrooms 4

Full Baths 3

Half Baths 1

HOA Y/N No

Year Built 1908

Lot Size 2,178 Sqft

Property Description

Calling all investors, developers, contractors, and flippers—this is the rare chance you’ve been waiting for! Nestled in a prime location, this property offers an unmatched opportunity to unlock its full potential with a high return on investment. Whether you’re looking for your next project to flip or searching for a long-term investment with significant appreciation potential, this fixer-upper is a hidden gem, priced well below market value for a quick sale. The property comes with architectural plans already available for a comprehensive remodel, saving you time and effort in the planning stages. Once completed, the estimated after-remodel value is an impressive $5,800,000, providing ample opportunity to capitalize on this venture. Whether you plan to resell or hold the property as a lucrative rental, this project promises a remarkable return on your investment.

The existing structure is primed for a transformation, offering a blank canvas for a new vision. Imagine designing a luxurious and modern home that meets the demands of today’s discerning buyers. The spacious layout, generous lot size, and desirable location make this property ripe for a significant upgrade. Roof deck included in the initial plans. Verbal approval on the plans from the city.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Rooms

Main Level Bedrooms 4

Ensuite Laundry Inside

Interior

Interior Features Breakfast Area, Separate/Formal Dining Room

Laundry Location Inside

Cooling None

Fireplaces Type Living Room

Fireplace Yes

Laundry Inside

Exterior

Pool None

Community Features Sidewalks

View Y/N Yes

View Bay, Ocean

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type House

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 04811406

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, Cal Vet Loan, 1031 Exchange, FHA, Fannie Mae, USDA Loan, VA Loan

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, Cal Vet Loan, 1031 Exchange, FHA, Fannie Mae, USDA Loan, VA Loan

Special Listing Condition Standard

Listed by Mo Azadzoi • Elite REO Brokers • 949-812-0484

David Dodson

Agent | License ID: 02083913

+1(909) 553-1538

David Dodson

421 Harding ST Newport Beach, CA 92661

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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421 Harding ST