2316 La Linda Newport Beach, CA 92660
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Subdivision Harbor Highlands I (Hh01)
MLS Listing ID LG25251367
HOA Y/N No
Year Built 1965
Lot Size 8,102 Sqft
Property Sub-Type Single Family Residence
Property Description
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 new construction has supported $1,900+/sf, with modeled ROI 70%+ (mid-case 72%) and $4.4–$5.6M profit potential.
Location: Short walk to Upper Newport Bay (Back Bay) trails; the beach is a bike ride away; minutes to Fashion Island and John Wayne Airport with fast 73/55/405 access. Within family friendly Newport-Mesa School district.
Offered at $3,425,000.
Location
State CA
County Orange
Area N7 - West Bay - Santa Ana Heights
Interior
Interior Features Ceiling Fan(s), In-Law Floorplan, Quartz Counters, Recessed Lighting, Wood Product Walls, All Bedrooms Down, Bedroom on Main Level, Main Level Primary, Multiple Primary Suites, Primary Suite
Heating Central, ENERGY STAR Qualified Equipment
Cooling Central Air, ENERGY STAR Qualified Equipment
Flooring Vinyl
Fireplaces Type Family Room, Gas, Gas Starter, Wood Burning
Fireplace Yes
Appliance Convection Oven, Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Free-Standing Range, Freezer, Disposal, Gas Oven, Gas Range, High Efficiency Water Heater, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Tankless Water Heater, Water To Refrigerator, Water Heater
Laundry In Garage
Exterior
Parking Features Direct Access, Driveway, Garage, Garage Door Opener
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Biking, Curbs, Dog Park, Gutter(s), Hiking, Park, Suburban, Sidewalks
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Accessibility Safe Emergency Egress from Home, No Stairs, Accessible Doors, Accessible Entrance, Accessible Hallway(s)
Total Parking Spaces 2
Private Pool No
Building
Lot Description Back Yard, Cul-De-Sac, Drip Irrigation/Bubblers, Front Yard, Sprinklers In Front, Lawn, Landscaped, Level, Rectangular Lot, Sprinklers Timer, Value In Land, Walkstreet
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 11933237
Acceptable Financing Cash, Cash to New Loan, Submit
Listing Terms Cash, Cash to New Loan, Submit
Special Listing Condition Standard
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