Own Your Slice of California Paradise: Exquisite Oceanfront Duplex with Established Rental IncomeFor 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.
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DAYS ON MARKET
|
140
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LAST UPDATED
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9/25/2024
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|
TRACT
|
Balboa Peninsula (Residential) (BALP)
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YEAR BUILT
|
1930
|
|
COMMUNITY
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Balboa Peninsula
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GARAGE SPACES
|
2.0
|
|
COUNTY
|
Orange
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STATUS
|
Active
|
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PROPERTY TYPE(S)
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Residential Income
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|
| AIR |
None |
| APPLIANCES |
Built-In Range, Electric Range, Gas Oven, Gas Range, Microwave, Range Hood, Refrigerator, Vented Exhaust Fan, Water Heater |
| AREA |
Balboa Peninsula |
| EXTERIOR |
Rain Gutters |
| FIREPLACE |
Yes |
| GARAGE |
Garage Faces Rear, Yes |
| HEAT |
Wall Furnace |
| HOA DUES |
0 |
| INTERIOR |
Ceiling Fan(s), Quartz Counters, Recessed Lighting, Storage, Track Lighting |
| LOT |
2614 sq ft |
| LOT DESCRIPTION |
0-1 Unit/Acre, Corner Lot, Zero Lot Line |
| PARKING |
Garage Faces Rear |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| STYLE |
Bungalow |
| SUBDIVISION |
Balboa Peninsula (Residential) (BALP) |
| UTILITIES |
Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected, Electric: 220 Volts in Garage |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Catalina,Neighborhood,Ocean,Panoramic,Water |
| WATER |
Public |
| WATERFRONT |
Yes |
| WATERFRONT DESCRIPTION |
Beach Access,Beach Front,Ocean Front |
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Listed with Compass
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/14/24 2:03 PM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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