200 E Oceanfront Newport Beach, CA 92661
UPDATED:
12/20/2024 01:12 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID NP24122462
Construction Status Turnkey
HOA Y/N No
Year Built 1930
Lot Size 2,613 Sqft
Property Description
For the discerning investor and coastal enthusiast, presenting 200 E Oceanfront, Newport Beach—a rare opportunity to secure a piece of the California coastline with built-in revenue. This premier corner lot duplex offers unparalleled versatility.
Spanning 2,428 square feet on a 30 ft wide corner lot, this meticulously designed property features two distinct, beautifully appointed units. The expansive 4-bedroom, 3-bathroom front home boasts breathtaking, unobstructed ocean views, perfect for entertaining and serene relaxation. The charming 1-bedroom, 1-bathroom rear unit offers delightful Pacific Ocean vistas from its living and dining areas, ideal for short-term rentals or as a cozy retreat for guests.
This property seamlessly merges investment with lifestyle, boasting two highly coveted short-term lodging permits and a proven rental history. With future bookings already secured, you can enjoy a steady revenue stream from the moment you acquire. Additionally, the property provides the unique advantage of generating income while you develop and approve new building plans for the site should you decide to pursue future expansion.
Situated in the vibrant heart of the Balboa Peninsula, this location offers unrivaled access to world-class dining, upscale shopping, exciting entertainment, recreational activities, and, of course, the pristine California coastline—all just steps away.
200 E Oceanfront is more than a residence; it allows access to an exquisite lifestyle and a savvy investment opportunity. Wake up to the soothing sounds of the ocean, with the confidence that your investment is generating solid returns.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Interior
Interior Features Ceiling Fan(s), Quartz Counters, Recessed Lighting, Storage, Track Lighting
Heating Wall Furnace
Cooling None
Flooring Vinyl
Fireplaces Type Living Room
Fireplace Yes
Appliance Built-In Range, Electric Range, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Vented Exhaust Fan, Water Heater
Laundry Common Area, In Garage
Exterior
Exterior Feature Rain Gutters
Parking Features Garage Faces Rear
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Storm Drain(s), Street Lights, Suburban, Sidewalks
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Waterfront Description Beach Access,Beach Front,Ocean Front
View Y/N Yes
View Catalina, Neighborhood, Ocean, Panoramic, Water
Roof Type Composition
Accessibility None
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Corner Lot, Zero Lot Line
Faces South
Story 2
Entry Level Two
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 04808115
Security Features Smoke Detector(s)
Energy Description 600.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
