Listing Agent: Dominic Tucci      Broker/Office: Pacific Sotheby's Int'l Realty
700 Oceanfront E Newport Beach CA 92661
$ 6,990,000
  4   |    3   |    2310 Sq Feet

Listing ID

#OC25098087

Status

Active

Property Type

Duplex

County

Orange

Neighborhood

Balboa Peninsula (Residential) (BALP)

Year Built

1973

Days on website

2

Description
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 rental permits in place. Act quickly! With only 1550 Short Term Rental Permits available in the entire city, having a property with TWO on Oceanfront is truly a rare opportunity.
Location
Financial Information
List Price:  $ 6990000
Property Features
Appliances:  Dishwasher, Disposal, Microwave, Refrigerator
Community Features:  Biking, Curbs, Fishing, Hiking, Park, Sidewalks
Construction Materials:  Stucco
Electric:  Standard
Elementary School:  Newport
Exterior Features:  Barbecue
Flooring:  Carpet, Tile
Foundation Details:  Slab
Heating:  Central, Radiant
High School:  Newport Harbor
High School District:  Newport Mesa Unified
Interior Features:  Balcony
Laundry Features:  Inside
Levels:  Two
Lot Features:  Walkstreet
Middle Or Junior School:  Ensign
Parking Features:  Garage, Paved, Tandem
Property Condition:  Turnkey
Road Surface Type:  Paved
Senior Community YN:  false
Structure Type:  Duplex
View:  Ocean
Water Source:  Public
Elementary School:  Newport
High School:  Newport Harbor
High School District:  Newport Mesa Unified
Middle Or Junior School:  Ensign
Senior Community YN:  false
MLS Area Major:  NP - Balboa Peninsula
City:  Newport Beach
Listed By:   Dominic Tucci   Pacific Sotheby's Int'l Realty 
CA Lic#