$2,895,000
For Sale

421 Harding Street

Newport Beach, CA 92661
2400 sqft | 4 beds | 3.5 baths | 0.05 acres | #IG24195916
Listing OfficeElite REO Brokers
Browse 22 photos
Type:Purchase
Structure:House
Zone:Residential

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.

  • Interior Details
      • InteriorBreakfastArea, SeparateFormalDiningRoom
    • Beds & Baths
      • Bathrooms3.5
      • Bedrooms4
      • Full Baths3
      • Half Baths1
  • Property Details
      • Lot DescriptionZeroToOneUnitAcre
      • ViewBay, Ocean
      • Stories2
    • Measurements
      • Acres0.05
      • Square Feet2400
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1908
  • Utilities / Energy Details
      • Sewer InformationPublicSewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • SubdivisionBalboa Peninsula (Residential) (BALP)
    • Location
      • School DistrictNewport Mesa Unified
      • CountyOrange
  • Financial Details
      • Original List Price$3,350,000
  • Other
      • MLS #IG24195916

Location

Jerry Avila#TheRealEstateGuy
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years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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Loan Amount
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