421 Harding Street, Newport Beach, CA 92661

$2,895,000 Asking Price

4 beds
4 baths
2,400  sqft
Built in 1908

Calling all investors, developers, contractors, and flippersthis is the rare chance youve 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 youre 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 todays 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.

Features & Amenities

Interior

Laundry:
Inside
A/C:
N/K
Fireplace:
FP in Living Room

Exterior

Pool:
None
Parking:
Parking spaces: 0

Construction

General:
2 Story

Location

HOA Amenities:
0.0
Originating MLS:
California Regional MLS
County:
Orange

Lot

Zoning:
04811406
View:
Bay,Ocean

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
California Regional MLS

This listing courtesy of:
Elite REO Brokers, Mo Azadzoi

About Newport Beach, CA

Housing

Number of Units
32,933
Median Home Value
$1,108,062
Median Rent
$2,050

52.55% of housing units are renter occupied.

15.14% are vacant.

Commute

Car
52.33%
Public Transportation
0.19%
Walk to Work
1.03%
Work from Home
45.11%
Other
0.65%

The median travel time to work is 15 minutes.

People

Population
61,724
Median Age
46.20
Median Household Size
2.43

Education

High School
7.46%
Associate’s Degree
6.48%
Bachelor’s Degree
40.94%
Graduate Degree
26.28%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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