Active
200 E Oceanfront
Newport Beach CA, 92661
$8,000,000
$3,294.89 per sqft
Active
5 Beds
4 Baths
2,428 sqft
Multi-family
Built in 1930
Listed by Tyler Brown with Compass 949-220-4409
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.
NP24122497
MLSⓇ ID
June 14, 2024
Listed
November 22, 2024
Updated
Map
200 E Oceanfront
Newport Beach CA, 92661
Interior Features
Total Stories
2
Bedrooms
5
Total Bathrooms
4
Full Bathrooms
4
Interior Features
Breakfast Area, Ceiling Fan(s), Separate/Formal Dining Room, Open Floorplan, Quartz Counters, Recessed Lighting, Bedroom on Main Level
Appliances
Built-In Range, Dishwasher, Electric Range, Gas Range, Microwave, Refrigerator, Range Hood, Water Heater
Laundry Description
In Garage
Floor Description
Vinyl
Fireplace
Yes
Fireplace Description
Gas, Living Room, Wood Burning
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Fireplace(s), Wall Furnace
Exterior/Building Features
Lot Size
0.06 Acres
Lot Features
0-1 Unit/Acre, Corner Lot, Zero Lot Line
Architectual Style
Bungalow
Roof
Composition
Sewer
Public Sewer
School Information
School District
Newport Mesa Unified
High School
Newport Harbor
Elementary School
Newport
Other Property Details
Area Name
NP - Balboa Peninsula
Days on Market
150
Garage
Yes
Garage Spaces
2
Parking
Garage, Garage Faces Rear
Parking Total
2
View
Yes
View Description
Catalina, Ocean, Water
County
Orange
Water Source
Public
Pool
No
Pool Features
None
Waterfront
Yes
Listing Contact: 949-438-4340
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/22/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 11/22/2024 at 11:36 PM UTC