$8,000,000
Beds:
5
Baths:
4
Sqft:
2,428
Sqft lot:
2,614
Acre lot:
0.06
160 Days On Market -
Courtesy of Compass
Status:
Active
Property Type:
Townhome
Year Built:
1930
Days On Website:
160
Description
Own Your Slice of California Paradise: Exquisite Oceanfront Duplex with Established Rental Income For the discerning investor and coastal enthusiast, presenting 200 E Oceanfront, Newport Beacha 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 coastlineall just steps away. 200 E Oceanfront is more than a residence; it allows access to an exquisite lifestyle and a savvy invest
Features
Bathrooms
- 4 full bathrooms
- 4 total bathrooms
Bedrooms
- 5 bedrooms
- 5 total bedrooms
Building
- 2,428 estimated square feet
- Source: Appraisal
- Built in 1930
- 2 stories
- Brick
- 2 story
Exterior Features
- Wood
Fence
- Wood
Floors
- Linoleum/Vinyl
Water Features
- Public
Heating
- Fireplace
- Wall/Gravity
Laundry
- Garage
Listing
- Source: SDMLS
- For Sale
- 163 days on market
- Listed on 2024-06-12
Location
- County: Orange
Lot
- Approximately 2,614 square feet
- 1-3,999 SF
- Approximately 0 acres
Miscellaneous
- Storm Drains
- Suburban
Garage
- 2 garage parking spaces
- Garage
Parking
- 2 total parking spaces
Property
- Ocean
- Water
- Catalina
Roof
- Composition
Sewer
- Public Sewer
Property Map
Map View
$8,000,000 - 200 E Oceanfront, Newport Beach, CA 92661
Street View
Directions
200 E Oceanfront
Newport Beach, CA 92661
County: Orange