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    700 E Oceanfront

    Newport Beach, CA 92661
    • $5,830,000
    • STATUS: Active
    • ON SITE: 86 days
    • ID#: TR21032798
    $5,830,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,310
      SQFT
    • $2,524
      $/SQFT
    Type:
    Multi-Family
    Built:
    1973
    County:

    School Ratings & Info

    Description

    OCEANFRONT DUPLEX on the Boardwalk by the Balboa Pier. Located in the heart of the Balboa Village. Enjoy this Iconic location, next to Balboa Pier, walk toFun Zone, and the ferry to Balboa Island, park, shops, restaurants, bus stop, ride bikes along the boardwalk, step out to the sand and ocean! True Newport Beach Lifestyle! The kitchens and bathrooms were remodeled in 2006 & 2020 with high-end material, The kitchens and bathroom have a Granite Countertop,finest quality cabinets, Custom tile, Wood and Carpet flooring, Recessed lighting and updated lighting fixtures, Dual Pane Window , Air conditioner, interior laundry area , All Mirror Closet Doors and 2 Sliding Doors.The upper unit with 2 separate sections, Front section feature 2 bedrooms 1 bath, large kitchen with granite countertop , Spacious open floor plan with fireplace, boasts a huge sun-soaked deck with panoramic views of the pacific ocean and Balboa Pier, Back section feature 1 bedroom 1 bath and living room, snack bar with sink, Lower unit is a large 1 bedroom 1 bath hassame beautiful upgraded and material and huge deck on the side of Boardwalk, remodeled kitchen & bathroom with granite countertop.Rare over-sized 4 car tandem garage with tons of storage, and total parking for 5 cars, R2 zoning,currently operated as a vacation rental, Air BNB or short term rental, property been well maintained and is in exceptional condition.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-16T00:32:03.42. 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 deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
    www.sandiegohomesdirect.com/homes/114334608
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    700 E Oceanfront Newport Beach, CA 92661

    • Price: $5,830,000
    • Status: Active
    • ID#: TR21032798
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    2,310
    SQFT
    $2,524
    $/SQFT
    1973
    Built
    Neighborhood:
    Balboa Peninsula (Residential) (Balp)
    County:
    Orange
    Area:
    NP - Balboa Peninsula
    Property Description
    OCEANFRONT DUPLEX on the Boardwalk by the Balboa Pier. Located in the heart of the Balboa Village. Enjoy this Iconic location, next to Balboa Pier, walk toFun Zone, and the ferry to Balboa Island, park, shops, restaurants, bus stop, ride bikes along the boardwalk, step out to the sand and ocean! True Newport Beach Lifestyle! The kitchens and bathrooms were remodeled in 2006 & 2020 with high-end material, The kitchens and bathroom have a Granite Countertop,finest quality cabinets, Custom tile, Wood and Carpet flooring, Recessed lighting and updated lighting fixtures, Dual Pane Window , Air conditioner, interior laundry area , All Mirror Closet Doors and 2 Sliding Doors.The upper unit with 2 separate sections, Front section feature 2 bedrooms 1 bath, large kitchen with granite countertop , Spacious open floor plan with fireplace, boasts a huge sun-soaked deck with panoramic views of the pacific ocean and Balboa Pier, Back section feature 1 bedroom 1 bath and living room, snack bar with sink, Lower unit is a large 1 bedroom 1 bath hassame beautiful upgraded and material and huge deck on the side of Boardwalk, remodeled kitchen & bathroom with granite countertop.Rare over-sized 4 car tandem garage with tons of storage, and total parking for 5 cars, R2 zoning,currently operated as a vacation rental, Air BNB or short term rental, property been well maintained and is in exceptional condition.
    Exterior Features

    Lot Features Corner LotPavedValue In Land Number Of Separate Electric Meters 2 Open Parking Spaces 1 Parking Total 5 Pool Features None Pool Private YN No Property Attached YN No Roof Tile View OceanPierWater View YN Yes

    Interior Features

    Common Walls No Common Walls Cooling Central Air Cooling YN Yes Door Features Mirrored Closet Door(S)Sliding Doors Fireplace Features See Remarks Fireplace YN Yes Heating Central Heating YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0 Common Interest None Community Features CurbsStreet Lights Electric Standard Electric Expense 150 Fuel Expense 0 Garage YN Yes Gross Income 145000 Gross Scheduled Income 145000 Insurance Expense 978 Land Lease YN No Laundry Features Washer HookupInsideStacked Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 80000 New Construction YN No New Taxes Expense 60900 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 65000 Property Condition Updated/Remodeled Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 650 Water Sewer Expense 750 Water Source Public Zoning Rsc-R

    Listing provided courtesy of Mary Chou of Remax 2000 Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-16T00:32:03.42. 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 deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.
     
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    617 Saxony Place #101
    Encinitas CA, 92024