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Sandra Lucas

[email protected] +1(925) 464-8400

$ 8,000,000

Est. payment -/mo

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Open 11/21 12PM-2PM

200 E Oceanfront Newport Beach, CA 92661

5 Beds

4 Baths

2,428 SqFt

OPEN HOUSE

Thu Nov 21, 12:00pm - 2:00pm

UPDATED:

11/21/2024 08:50 PM

Key Details

Property Type Commercial

Sub Type Duet

Listing Status Active

Purchase Type For Sale

Square Footage 2,428 sqft

Price per Sqft $3,294

MLS Listing ID CRNP24122497

Bedrooms 5

Full Baths 4

HOA Y/N No

Year Built 1930

Lot Size 2,614 Sqft

Acres 0.06

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 Beachâ€”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,

Location

State CA

County Orange

Area Listing

Interior

Interior Features Breakfast Nook, Stone Counters

Heating Wall Furnace, Fireplace(s)

Cooling Ceiling Fan(s), None

Flooring Vinyl

Fireplaces Type Gas, Living Room, Wood Burning

Fireplace Yes

Window Features Double Pane Windows,Screens

Appliance Dishwasher, Electric Range, Microwave, Range, Refrigerator

Laundry In Garage

Exterior

Exterior Feature Other

Garage Spaces 2.0

Pool None

Utilities Available Sewer Connected, Cable Connected, Natural Gas Connected

View Y/N true

View Water, Other, Ocean

Handicap Access None

Total Parking Spaces 2

Private Pool false

Building

Lot Description Corner Lot, Other, Zero Lot Line, Street Light(s), Storm Drain

Story 2

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Bungalow

Level or Stories Two Story

New Construction No

Schools

School District Newport-Mesa Unified

Others

Tax ID 04808115

© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

Listed by Tyler Brown • Compass

Sandra Lucas

Broker Associate | License ID: 01496944

+1(925) 464-8400

Sandra Lucas

200 E Oceanfront Newport Beach, CA 92661

OPEN HOUSE

Key Details

Location

Interior

Exterior

Building

Schools

Others

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200 E Oceanfront