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

August 30, 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

Ceiling Fan(s), 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

50


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 8/30/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 8/30/2024 at 7:46 PM UTC

 

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