200 E Oceanfront Newport Beach, CA 92661
5 Beds
4 Baths
2,428 SqFt
UPDATED:
11/07/2024 03:01 AM
Key Details
Property Type Townhouse
Sub Type Townhome
Listing Status Active
Purchase Type For Sale
Square Footage 2,428 sqft
Price per Sqft $3,294
MLS Listing ID NP24122497
Style Townhome
Bedrooms 5
Full Baths 4
Construction Status Turnkey
HOA Y/N No
Year Built 1930
Lot Size 2,614 Sqft
Acres 0.06
Property Description
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 Beacha 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 coastlineall 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.
Location
State CA
County Orange
Area Oc - Newport Beach (92661)
Interior
Interior Features Recessed Lighting
Flooring Linoleum/Vinyl
Fireplaces Type FP in Living Room, Gas
Equipment Dishwasher, Microwave, Refrigerator, Gas & Electric Range
Appliance Dishwasher, Microwave, Refrigerator, Gas & Electric Range
Laundry Garage
Exterior
Exterior Feature Wood
Garage Garage
Garage Spaces 2.0
Fence Wood
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
View Ocean, Water, Catalina
Roof Type Composition
Total Parking Spaces 2
Building
Lot Description Corner Lot, Sidewalks
Story 2
Lot Size Range 1-3999 SF
Sewer Public Sewer
Water Public
Architectural Style Craftsman/Bungalow
Level or Stories 2 Story
Construction Status Turnkey
Others
Monthly Total Fees $44
Miscellaneous Storm Drains,Suburban
Acceptable Financing Cash, Exchange, Cash To New Loan
Listing Terms Cash, Exchange, Cash To New Loan
Special Listing Condition Standard
