In-Person: 09/07 12:00 PM - 3:00 PM
700 E Oceanfront,Newport Beach, CA 92661
Newport Beach, CA 92661
Description
RARE - TWO Short Term Lodging Permits ON THE BOARDWALK! 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 Lodging permits in place. Act quickly! With only 1550 Short Term Lodging Permits available in the entire city, having a property with TWO on Oceanfront is truly a rare opportunity.
Details
| MLS # | OC26030071 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1973 |
| Days On Site | 208 |
| Listing Provided By | Pacific Sotheby's Int'l Realty | Dominic Tucci |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,310 |
| Garage | 4 |
| Story(s) | 2 |
| Units | 2 |
| Zoning | RSC-R |
| Acreage | 0.06 |
| Water Front | Yes |
| Property View | Yes |
Interior
| Cooling | Central Air, See Remarks |
|---|---|
| Heating | Central, Radiant |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Wet Bar, Balcony, Living Room Deck Attached, Open Floorplan, Quartz Counters, Primary Suite |
| Window Features | Double Pane Windows |
| Appliances | Dishwasher, Electric Range, Electric Water Heater, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Barbecue |
|---|---|
| Security Features | Smoke Detectors |
| Construction Materials | Stucco |
| Foundation Details | Slab |
| Lot Features | Corner Lot, Near Public Transit, Walkstreet |
| Fencing | None |
Parking
| Attached Garage Yes / No | Yes |
|---|---|
| Parking Features | Garage, Paved, Garage Faces Rear, Tandem |
| Garage Yes / No | Yes |
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Electric | Standard |
| Sewer | Public Sewer |
Location
| Community Features | Biking, Curbs, Fishing, Gutters, Hiking, Park, Storm Drains, Street Lights, Sidewalks, Water Sports |
|---|
Area Information
| State | CA |
|---|---|
| County | Orange |
| City | Newport Beach |
| Zip Code | 92661 |
| Area | NP Balboa Peninsula |
| Community Name | Balboa Peninsula (Residential) (BALP) |
| Listing VS Median (in Balboa Peninsula (Residential) (BALP)) | |
Price: $6,199,000 low | high Med: $549,800 sqft: 2,310 low | high Med: 2,088 $ / sqft: $2,684 low | high Med: $263 On site: 208 low | high Med: 351 | |
Market Activity 92661
Request a showing
Request a showing
Contact
Learn More About This Property
| Open House |
|---|
| In-Person 09/07 12:00 PM - 3:00 PM |
| State | CA |
|---|---|
| County | Orange |
| City | Newport Beach |
| Zip Code | 92661 |
| Area | NP Balboa Peninsula |
| Community Name | Balboa Peninsula (Residential) (BALP) |
| Listing VS Median (in Balboa Peninsula (Residential) (BALP)) | |
Price: $6,199,000 low | high Med: $549,800 sqft: 2,310 low | high Med: 2,088 $ / sqft: $2,684 low | high Med: $263 On site: 208 low | high Med: 351 | |
 | $6,199,000700 E OceanfrontNewport Beach, CA 92661 |