PRICE $8,000,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 2,428 sqft
LOT SIZE 2,614 sqft

Own Your Slice of California Paradise: Exquisite Oceanfront Duplex with Established Rental IncomeFor 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 Peninsula, this location offers unrivaled access to world-class dining, upscale shopping, exciting entertainment, recreational activities, and, of course, the pristine California coastline—all 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.

DAYS ON MARKET 140 LAST UPDATED 9/25/2024
TRACT Balboa Peninsula (Residential) (BALP) YEAR BUILT 1930
COMMUNITY Balboa Peninsula GARAGE SPACES 2.0
COUNTY Orange STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR None
APPLIANCES Built-In Range, Electric Range, Gas Oven, Gas Range, Microwave, Range Hood, Refrigerator, Vented Exhaust Fan, Water Heater
AREA Balboa Peninsula
EXTERIOR Rain Gutters
FIREPLACE Yes
GARAGE Garage Faces Rear, Yes
HEAT Wall Furnace
HOA DUES 0
INTERIOR Ceiling Fan(s), Quartz Counters, Recessed Lighting, Storage, Track Lighting
LOT 2614 sq ft
LOT DESCRIPTION 0-1 Unit/Acre, Corner Lot, Zero Lot Line
PARKING Garage Faces Rear
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
STYLE Bungalow
SUBDIVISION Balboa Peninsula (Residential) (BALP)
UTILITIES Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected, Electric: 220 Volts in Garage
VIEW Yes
VIEW DESCRIPTION Catalina,Neighborhood,Ocean,Panoramic,Water
WATER Public
WATERFRONT Yes
WATERFRONT DESCRIPTION Beach Access,Beach Front,Ocean Front
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Compass

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Based on information from California Regional Multiple Listing Service, Inc. as of 11/15/24 2:55 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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