CA > Newport Beach
Newport Beach, CA 92660,2316 La Linda
Newport Beach, CA 92660,2316 La Linda,Video Tour
Newport Beach, CA 92660,2316 La Linda
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Altie Schmitt

Altie Schmitt

+1(925) 528-8000
Listed by John Mussen • John Mussen, Broker
$3,200,000
Est. payment /mo
2,314 SqFt
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Thu Nov 13, 8:00am - 5:00pm

Fri Nov 14, 8:00am - 5:00pm

Sat Nov 15, 8:00am - 5:00pm

Sun Nov 16, 8:00am - 5:00pm

Wed Nov 12, 8:00am - 5:00pm

UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type OTHER

Listing Status Active

Purchase Type For Sale

Square Footage 2,314 sqft

Price per Sqft $1,382

MLS Listing ID CRLG25251367

HOA Y/N No

Year Built 1965

Lot Size 8,100 Sqft

Property Sub-Type OTHER

Source Datashare California Regional

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

Location

State CA

County Orange

Interior

Heating Central

Cooling Central Air, Other, ENERGY STAR Qualified Equipment

Flooring Vinyl

Fireplace No

Window Features ENERGY STAR Qualified Windows

Appliance Tankless Water Heater, ENERGY STAR Qualified Appliances

Laundry In Garage

Exterior

Handicap Access Other

Building

Lot Description Cul-De-Sac, Level, Other, Back Yard, Front Yard, Landscaped

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Bay East Association of Realtors
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Altie Schmitt

Altie Schmitt

+1(925) 528-8000

Partner at Village Associates | License ID: 00924672

Partner at Village Associates License ID: 00924672

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