Fabulous remodeled oceanfront getaway, turnkey vacation rental business or BOTH? The choice is yours at 700 E Oceanfront The property presents a fantastic opportunity to own an updated duplex in the heart of the Balboa Peninsula. LOCATION LOCATION LOCATION, this property is near all of the attractions that you and/or your vacation rental guests desire. Steps away from the sand and ocean, the property is located on the boardwalk and walking distance to Balboa Fun Zone, with activities for all and ferry service to Balboa Island as well as Catalina. The corner location affords unparalleled sunlight and those cooling ocean breezes. The lower 1 bed/1 bath unit is newly remodeled and has its own indoor laundry. A large, open living area flows seamlessly into an upgraded kitchen with quartz composite countertops and a breakfast bar. An oversize deck is perfect for enjoying the beach lifestyle and large gatherings. The upstairs unit is well-designed and newly remodeled throughout, including kitchen (w/ island and wine fridge) and entertaining space, as well as 3 generous bedrooms (the Primary has its own kitchenette) and 2 bathrooms. The living/great room features breathtaking views of the ocean and Balboa Pier. The duplex has been professionally managed and meticulously maintained. Notable features include: Air conditioning (new in 2023), new roof, double-paned windows and functional and cosmetic updates throughout. A rare oversize garage can accommodate up to four cars. This oceanfront duplex offers a proven track record and excellent reviews from former guests. Incredible income potential with 2 short term rental permits in place. Act quickly! With only 1550 Short Term Rental Permits available in the entire city, having a property with TWO on Oceanfront is truly a rare opportunity.
|
DAYS ON MARKET
|
42
|
LAST UPDATED
|
5/24/2025
|
|
TRACT
|
Balboa Peninsula (Residential) (BALP)
|
YEAR BUILT
|
1973
|
|
COMMUNITY
|
NP - Balboa Peninsula
|
GARAGE SPACES
|
4.0
|
|
COUNTY
|
Orange
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Single Family
|
|
|
| Elementary School |
Newport |
| Jr. High School |
Ensign |
| High School |
Newport Harbor |
|
Prior to May 24, '25
|
$6,990,000
|
| May 24, '25 - Today |
$6,890,000 |
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher, Disposal, Electric Range, Electric Water Heater, Gas Range, Gas Water Heater, Microwave, Refrigerator |
| AREA |
NP - Balboa Peninsula |
| CONSTRUCTION |
Stucco |
| EXTERIOR |
Balcony, Barbecue |
| GARAGE |
Attached Garage, Yes |
| HEAT |
Central, Radiant |
| INTERIOR |
Open Floorplan, Wet Bar |
| LOT |
2614 sq ft |
| LOT DESCRIPTION |
Corner Lot, Near Public Transit |
| PARKING |
Attached, Garage, Paved, Garage Faces Rear, Tandem |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| SUBDIVISION |
Balboa Peninsula (Residential) (BALP) |
| UTILITIES |
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Ocean |
| WATER |
Public |
| WATERFRONT DESCRIPTION |
Beach Access, Ocean Access |
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Listed with Pacific Sotheby's Int'l Realty
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 6/12/25 8:31 PM PDT 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 2025.
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