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.
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.
Overview
Property Type
Multi-family
Location
200 E Oceanfront, Newport Beach, CA 92661
Year Built
1930
MLS ID
NP25007974
Listing Last Updated
Property Features & Amenities
Interior
Total Bedrooms
5
Full Bathrooms
4
Flooring
Vinyl
Laundry Room
Common Area, In Garage
Fireplace
Living Room
Appliances
Built-In Range, Electric Range, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Vented Exhaust Fan, Water Heater
Other Interior Features
Ceiling Fan(s), Quartz Counters, Recessed Lighting, Storage, Track Lighting
Exterior
Stories
2
Garage Spaces
2.0
Water Source
Public
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Pool
None
Roof
Composition
Lot Features
0-1 Unit/Acre, Corner Lot, Zero Lot Line
Parking
Garage Faces Rear
Heat Type
Wall Furnace
Air Conditioning
None
Sewer
Public Sewer
Substructure
Raised
Disability Features
None
Security Features
Smoke Detector(s)
Other Exterior Features
Rain Gutters
Details
Neighborhood
Orange County
Architecture Styles
Bungalow
Water Frontage
Beach Access, Beach Front, Ocean Front
View Description
Catalina, Neighborhood, Ocean, Panoramic, Water
Financial
Price
$7,200,000
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