200 East Oceanfront Active Save Request In-Person Tour Request Virtual Tour
Newport Beach,CA 92661
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,428 sqft
Price per Sqft $3,294
Subdivision Balboa Peninsula (Residential)
MLS Listing ID NP-24122462
Style Bungalow
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 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
Interior
Heating Wall Furnace
Cooling None
Flooring Vinyl
Fireplaces Type Living Room
Laundry Common Area,In Garage
Exterior
Exterior Feature Rain Gutters
Parking Features Garage Faces Rear
Garage Spaces 2.0
Pool None
Community Features Sidewalks,Storm Drains,Street Lights,Suburban
Utilities Available Sewer Connected,Water Connected,Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected
View Y/N Yes
View Panoramic,Ocean,Water,Catalina
Building
Lot Description Corner Lot,Zero Lot Line,0-1 Unit/Acre
Sewer Public Sewer