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$7,875,000

Est. payment - /mo

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5 BD

4 BA

2,428 SqFt

New

200 E Oceanfront Newport Beach, CA 92661

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Xavier Williams

[email protected] +1(408) 774-4300

UPDATED:

01/16/2025 07:05 AM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,428 sqft

Price per Sqft $3,243

MLS Listing ID CRNP25007974

Style Bungalow

Bedrooms 5

Full Baths 4

Originating Board California Regional MLS

Year Built 1930

Lot Size 2,614 Sqft

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 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

Location

State CA

County Orange

Area Np - Balboa Peninsula

Rooms

Kitchen Hood Over Range, Microwave, Exhaust Fan, Oven Range - Gas, Oven Range - Built-In, Refrigerator, Oven - Gas

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type Living Room

Laundry In Garage, Laundry Area

Exterior

Parking Features Garage

Garage Spaces 2.0

Pool 31, None

Utilities Available Other

View Local/Neighborhood, Ocean, Other, Panoramic, Water

Roof Type Composition

Building

Lot Description Zero Lot Line

Foundation Raised

Water Hot Water, District - Public

Architectural Style Bungalow

Others

Tax ID 04808115

Special Listing Condition Not Applicable

Listed by Tyler Brown • Compass

MORTGAGE CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

"It's your money, and you're going to be making the payments on your new home (not me). Let's take the time to find the right fit, for you, at your pace! "

+1(408) 774-4300

[email protected]

5450 Thornwood Dr Ste F, San Jose, California, 95123, USA