2316 La Linda Open House Save Request In-Person Tour Request Virtual Tour
Newport Beach,CA 92660
OPEN HOUSE
Sun Nov 09, 10:00am - 5:00pm
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
Year Built 1965
Lot Size 8,102 Sqft
Property Sub-Type Single Family Residence
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 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
Heating Central,ENERGY STAR Qualified Equipment
Cooling Central Air,ENERGY STAR Qualified Equipment
Flooring Vinyl
Fireplaces Type Family Room,Gas,Gas Starter,Wood Burning
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
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
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,Submit
Listing Terms Cash,Cash to New Loan,Submit
Special Listing Condition Standard
Virtual Tour https://my.matterport.com/show/?m=NrAvj6C2de3&mls=1