136 Topaz Ave, Newport Beach, CA 92662 - View 1
136 Topaz Ave, Newport Beach, CA 92662 - View 2
136 Topaz Ave, Newport Beach, CA 92662 - View 3

136 Topaz Ave, Newport Beach, CA 92662

Sale Price: $3,150,000
Jun 21, 20242,326 sqft6 beds4 baths
Listed by: Duke Nguyen
License #: 02102801
Phone #: 949-822-9620
Equity Partners Real Estate and Lending Inc
Source:
CRMLS Logo
MLS #: OC24120988

Property Description

Discover a prime investment opportunity with this duplex and casita located in a rare and highly desired neighborhood. This property presents endless potential for both moderate and high-end renovations, catering to various investor strategies. With multiple rental options available, each of the three units offers its own separate entrance for enhanced privacy and rental flexibility. The main house features 3 bedrooms and 2.5 baths spanning 1642 sqft, while the back unit offers 2 bedrooms and 1 bath across 684 sqft. Additionally, a versatile casita with 1 bedroom and 1 bath (potentially an efficiency studio) occupies 239 sqft (non-conforming, not included in total square footage). Situated in Balboa Island of Newport Beach, this home is perfect for savvy investors seeking to capitalize on a promising location and multiple winning property configurations.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$41,295

TurboHome Estimated Value

$3,019,000

$1,298 sqft

High Valuation
$3,169,950
$1363/sqft
Normal Valuation
$3,019,000
$1298/sqft
Low Valuation
$2,868,050
$1233/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1298/sqft$3,019,000

Neighborhood: Balboa Island - Main Island (BALM)

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Comparative Value

$3.15M

$3.20M

$3.29M

$3.37M

$3.80M

136 Topaz Ave, Newport Beach, CA 92662

Sale Price: $3,150,000

Selected Comparable

324 Onyx Ave, Newport Beach, CA 92662

Sale Price: $3,200,000

Selected Comparable

121 Topaz Ave, Newport Beach, CA 92662

Sale Price: $3,200,000

Selected Comparable

136 Topaz Ave, Newport Beach, CA 92662

List Price: $3,285,000

Subject Property

605 Carnation Ave, Corona Del Mar, CA 92625

Sale Price: $3,370,000

Selected Comparable

402 Goldenrod Ave, Corona Del Mar, CA 92625

Sale Price: $3,800,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
136 Topaz Ave, Newport Beach, CA 92662

136 Topaz Ave, Newport Beach, CA 92662

List: $3,285,000

Listed: 6/21/2024

Area:2,326 sqft
Price/sqft:$1,412
Beds:6
Baths:4
Year Built:
Lot Size:2,550

Comparable Properties

COMPARABLE
Choose comps
324 Onyx Ave, Newport Beach, CA 92662

324 Onyx Ave, Newport Beach, CA 92662

Sale: $3,200,000

5/13/20250.37 mi

Area:2,242 sqft
Price/sqft:$1,427
Beds:6
Baths:4
Year Built:
Weight:25.6%
136 Topaz Ave, Newport Beach, CA 92662

136 Topaz Ave, Newport Beach, CA 92662

Sale: $3,150,000

8/15/20240.00 mi

Area:2,326 sqft
Price/sqft:$1,354
Beds:6
Baths:4
Year Built:
Weight:25.3%
121 Topaz Ave, Newport Beach, CA 92662

121 Topaz Ave, Newport Beach, CA 92662

Sale: $3,200,000

12/16/20240.05 mi

Area:2,296 sqft
Price/sqft:$1,394
Beds:7
Baths:4
Year Built:
Weight:21.1%
605 Carnation Ave, Corona Del Mar, CA 92625

605 Carnation Ave, Corona Del Mar, CA 92625

Sale: $3,370,000

9/23/20241.23 mi

Area:2,196 sqft
Price/sqft:$1,535
Beds:5
Baths:3
Year Built:
Weight:14.6%
402 Goldenrod Ave, Corona Del Mar, CA 92625

402 Goldenrod Ave, Corona Del Mar, CA 92625

Sale: $3,800,000

2/5/20251.33 mi

Area:2,680 sqft
Price/sqft:$1,418
Beds:5
Baths:5
Year Built:
Weight:13.5%

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