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Own Your Slice of California Paradise: Exquisite Oceanfront Duplex with Established Rental IncomeFor 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.
Property Type(s):
Multi Family
| Last Updated | 9/25/2024 | Tract | Balboa Peninsula (Residential) (BALP) |
|---|---|---|---|
| Year Built | 1930 | Community | Balboa Peninsula |
| Garage Spaces | 2.0 | County | Orange |
SCHOOLS
| School District | Newport Mesa Unified |
|---|---|
| Elementary School | Newport |
| Jr. High School | Ensign |
| High School | Newport Harbor |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Built-In Range, Dishwasher, Electric Range, Gas Range, Microwave, Range Hood, Refrigerator, Water Heater |
| AREA | Balboa Peninsula |
| CONSTRUCTION | Wood Siding |
| FIREPLACE | Yes |
| GARAGE | Garage, Garage Faces Rear, Yes |
| HEAT | Fireplace(s), Wall Furnace |
| HOA DUES | 0 |
| INTERIOR | Bedroom on Main Level, Breakfast Area, Ceiling Fan(s), Open Floorplan, Quartz Counters, Recessed Lighting, Separate/Formal Dining Room |
| LOT | 2614 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre, Corner Lot, Zero Lot Line |
| PARKING | Garage,Garage Faces Rear |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Bungalow |
| SUBDIVISION | Balboa Peninsula (Residential) (BALP) |
| UTILITIES | Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected, Electric: 220 Volts in Garage |
| VIEW | Yes |
| VIEW DESCRIPTION | Catalina,Ocean,Water |
| WATER | Public |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Beach Access,Beach Front,Ocean Front |
Location
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Listed with Compass
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.
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