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200 Oceanfront, Newport Beach, CA 92661
Priced at Only: $8,000,000
For more Information Call
Mobile: 714.478.6676
Address: 200 Oceanfront, Newport Beach, CA 92661
Property Photos
Property Location and Similar Properties
- MLS#: NP24122462 ( Duplex )
- Street Address: 200 Oceanfront
- Viewed: 9
- Price: $8,000,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1930
- Bldg sqft: 0
- Days On Market: 196
- Additional Information
- County: ORANGE
- City: Newport Beach
- Zipcode: 92661
- Subdivision: Balboa Peninsula (residential)
- Provided by: Compass
- Contact: Tyler Tyler
- DMCA Notice
-
DescriptionOwn Your Slice of California Paradise: Exquisite Oceanfront Duplex with Established Rental Income For the discerning investor and coastal enthusiast, presenting 200 E Oceanfront, Newport Beacha 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 coastlineall 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.
Features
Accessibility Features
- None
Appliances
- Built-In Range
- Gas & Electric Range
- Gas Oven
- Microwave
- Range Hood
- Refrigerator
- Vented Exhaust Fan
- Water Heater
Architectural Style
- Bungalow
Assessments
- None
Association Fee
- 0.00
Building Area Total
- 2428.00
Cable Tv Expense
- 1200.00
Commoninterest
- None
Common Walls
- 1 Common Wall
Cooling
- None
Country
- US
Days On Market
- 162
Direction Faces
- South
Electric
- 220 Volts in Garage
Electric Expense
- 1800.00
Entry Location
- Front
Fireplace Features
- Living Room
Flooring
- Vinyl
Foundation Details
- Raised
Fuel Expense
- 600.00
Garage Spaces
- 2.00
Heating
- Wall Furnace
Insurance Expense
- 5000.00
Interior Features
- Ceiling Fan(s)
- Quartz Counters
- Recessed Lighting
- Storage
- Track Lighting
Laundry Equipment Own Lease
- Own
Laundry Features
- Common Area
- In Garage
Levels
- Two
Lockboxtype
- None
Lot Features
- 0-1 Unit/Acre
- Corner Lot
- Zero Lot Line
Netoperatingincome
- 218502.00
Parcel Number
- 04808115
Parking Features
- Garage Faces Rear
Pest Control Expense
- 1000.00
Pool Features
- None
Postalcodeplus4
- 1136
Property Type
- Duplex
Property Condition
- Turnkey
Road Frontage Type
- Alley
- City Street
Road Surface Type
- Paved
Roof
- Composition
Security Features
- Smoke Detector(s)
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 417046700:CRM
Spa Features
- None
Subdivision Name Other
- Balboa Peninsula (Residential) (BALP)
Totalexpenses
- 15850.00
Trash Expense
- 180.00
Utilities
- Cable Connected
- Electricity Connected
- Natural Gas Connected
- Phone Connected
- Sewer Connected
- Water Connected
View
- Catalina
- Neighborhood
- Ocean
- Panoramic
- Water
Waterfront Features
- Beach Access
- Beach Front
- Ocean Front
Water Sewer Expense
- 950.00
Water Source
- Public
Window Features
- Blinds
- Double Pane Windows
Year Built
- 1930
Year Built Source
- Assessor
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Mobile: 714.478.6676
- Fax: 714.975.9953
- salesbyxavier@gmail.com