714-914-4996

200 E Oceanfront ,
Newport Beach, CA 92661

$8,000,000

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 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.

Basic Information

MLS #:
NP24122497

Price:
$8,000,000

Price
(per sq ft):
$3,294.00

Address:
200 E Oceanfront ,
Newport Beach, CA 92661

MLS Area:
NP - Balboa Peninsula

Subdivision:
Balboa Peninsula (Residential) (BALP)

Property
Type:
Duplex

Days on Market:
119

Status:
Active

Bedrooms:
5

Bathrooms:
4

Full Baths:
4

Size (sq ft):
2,428 sq ft

Lot Size:
2,614 sq ft

Year Built:
1930

Sale Type:
Standard

Rooms in Home

Rooms:
Kitchen, Living Room, Main Floor Bedroom

Eating Area:
Breakfast Nook, Dining Room

Laundry:
In Garage

Entry Location:
Front

Interior Features

Fireplace:
Living Room, Gas, Wood Burning

Cooling:
None

Heating:
Fireplace(s), Wall Furnace

Floor:
Vinyl

Appliances:
Built-In Range, Dishwasher, Gas & Electric Range, Microwave, Range Hood, Refrigerator, Water Heater

Interior Features:
Ceiling Fan(s), Open Floorplan, Quartz Counters, Recessed Lighting

Security:
Carbon Monoxide Detector(s), Smoke Detector(s)

Accessibility:
None

Garage and Parking

Garage:
Attached

Garage:
2 Spaces

Carport:
0 Spaces

Parking:
Garage, Garage Faces Rear

Home Owners Association

HOA Dues 1:
$0.00 /

HOA Dues 2:
$

HOA Amenities: 

Utilities

Water:
Public

Utilities:
Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected

School Information

District:
Newport Mesa Unified

Elementary:
NEWPOR

Middle:
ENSIGN

High:
NEWHAR

Exterior Features

Pool:
None

Spa:
None

Patio:
Brick, Front Porch

View:
Catalina, Ocean, Water

Construction:
Wood Siding

Foundation:
Raised

Roof:
Composition

Windows:
Blinds, Double Pane Windows, Screens

Common Walls:
1 Common Wall

Levels:
Two

Lot Features:
0-1 Unit/Acre, Corner Lot, Zero Lot Line

Additional Information

County:
Orange

Senior Community:
No

Community Features:
Sidewalks, Storm Drains, Street Lights, Suburban

Other Structures:

Structure Condition:
Turnkey

Direction Faces:
Southwest

Listed by:
Compass , Tyler Brown , 02043514

Co-Listed:

Last
Updated:
10/22/2024 1:25 AM

200 E Oceanfront ,
Newport Beach, CA 92661