Sold

700 E Oceanfront

Newport Beach CA, 92661

$5,000,000


$2,164.50 per sqft

Sold

2,310 sqft

Multi-family

Built in 1973

Listed by Timothy Carr with Villa Real Estate 949-717-6000

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.

NP22145462

MLS ID

June 29, 2022

Listed

March 23, 2024

Updated

Map

700 E Oceanfront
Newport Beach CA, 92661

Interior Features

Total Stories

2


Appliances

Gas Range, Dryer, Washer


Laundry Description

Inside


Floor Description

Carpet, Vinyl


Fireplace

Yes


Fireplace Description

Primary Bedroom


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.06 Acres


Lot Features

Corner Lot


Sewer

Public Sewer

Other Property Details

Area Name

NP - Balboa Peninsula


Days on Market

98


Garage

Yes


Garage Spaces

4


Parking

Garage, Garage Door Opener, Garage Faces Rear


Parking Total

5


View

Yes


View Description

Ocean


County

Orange


Water Source

Public


Pool

No


Pool Features

None


Waterfront

Yes


Zoning

RSC-R


Buyer Agency Compensation

2.5%

Listing Contact: 949-717-6000 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:47 AM UTC

 

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