700 E Oceanfront, Newport Beach, CA

$5,300,000

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0.06

Acres

About 700 E Oceanfront

700 E Oceanfront presents a fantastic opportunity to own a duplex in the heart of the Balboa Peninsula. All about the location, this property is near all the desirable attractions the area has to offer. Steps away from the sand and ocean, 700 E Oceanfront is sited along the boardwalk and the Peninsula’s famous bike path. Walking distance to Balboa Fun Zone, with activities for all and ferry service to Balboa Island as well as Catalina. Featuring two units, this property offers incredible income potential. The lower unit features a bedroom and a bathroom, along with indoor laundry. A large, open living area flows seamlessly into an upgraded kitchen with granite countertops and a breakfast bar. An oversize deck is perfect for enjoying the beach lifestyle and large gatherings. The upstairs unit is smartly divided into two separate sections and encompasses a total of three bedrooms and two bathrooms. The front portion features two of the bedrooms as well as a full bath. Smartly upgraded kitchen and a living area offer ample entertaining space. The large front bedroom features a fireplace and breathtaking views of the ocean and Balboa Pier. The back section of the upstairs features bedroom, a bath and a kitchenette as well as living and dining areas. 700 E Oceanfront is a meticulously maintained property, with air conditioning, double-paned windows and cosmetic updates throughout. A rare oversize garage can accommodate up to four cars. Incredible income potential with short term rental permits in place.

Features of 700 E Oceanfront

MLS® # NP22145462
Price $5,300,000
Bathrooms 0.00
Acres 0.06
Year Built 1973
Type Residential Income
Sub-Type Duplex
Status Active

Community Information

Address 700 E Oceanfront
Area NP - Balboa Peninsula
Subdivision Balboa Peninsula (Residential) (BALP)
City Newport Beach
County Orange
State CA
Zip Code 92661

Amenities

Utilities Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Parking Spaces 5
Parking Garage, Garage Door Opener, Garage Faces Rear
# of Garages 4
Garages Garage, Garage Door Opener, Garage Faces Rear
View Ocean
Is Waterfront No
Waterfront Beach Access
Has Pool No
Pool None

Interior

Interior Carpet, Vinyl
Appliances Gas Range, Dryer, Washer
Heating Central
Cooling Central Air
Has Basement No
Fireplace Yes
Fireplaces Master Bedroom
# of Stories 2
Stories Two

Exterior

Lot Description Corner Lot
Windows Double Pane Windows

Additional Information

Date Listed June 29th, 2022
Days on Market 94
Zoning RSC-R
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentTimothy Carr
OfficeVilla Real Estate

Listing Map

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