Newport Beach, CA 92661,200 E Oceanfront

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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$8,000,000

Est. payment - /mo

5 Beds

4 Baths

2,428 SqFt

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OPEN HOUSE

Thu Nov 21, 12:00pm - 2:00pm

UPDATED:

11/20/2024 10:51 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,428 sqft

Price per Sqft $3,294

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID NP24122497

Bedrooms 5

Full Baths 4

Construction Status Turnkey

HOA Y/N No

Year Built 1930

Lot Size 2,613 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 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.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Rooms

Main Level Bedrooms 1

Interior

Interior Features Breakfast Area, Ceiling Fan(s), Separate/Formal Dining Room, Open Floorplan, Quartz Counters, Recessed Lighting, Bedroom on Main Level

Heating Fireplace(s), Wall Furnace

Cooling None

Flooring Vinyl

Fireplaces Type Gas, Living Room, Wood Burning

Fireplace Yes

Appliance Built-In Range, Dishwasher, Electric Range, Gas Range, Microwave, Refrigerator, Range Hood, Water Heater

Laundry In Garage

Exterior

Garage Garage, Garage Faces Rear

Garage Spaces 2.0

Garage Description 2.0

Fence Brick, Wood

Pool None

Community Features Storm Drain(s), Street Lights, Suburban, Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Waterfront Description Beach Access,Beach Front,Ocean Front

View Y/N Yes

View Catalina, Ocean, Water

Roof Type Composition

Accessibility None

Porch Brick, Front Porch

Attached Garage Yes

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Corner Lot, Zero Lot Line

Dwelling Type Duplex

Faces Southwest

Story 2

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Bungalow

Level or Stories Two

New Construction No

Construction Status Turnkey

Schools

Elementary Schools Newport

Middle Schools Ensign

High Schools Newport Harbor

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 04808115

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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Listed by Tyler Brown • Compass • 949-220-4409

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

200 E Oceanfront Newport Beach, CA 92661

Ernie Caponera

Ernie Caponera

OPEN HOUSE

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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200 E Oceanfront