700 E Oceanfront Newport Beach, CA 92661
Updated duplex on Balboa Peninsula, steps from the beach.
Property size:
2,310 SFLot size:
0.06 AcresProperty Features for 700 E Oceanfront
General Information
- Size
- 2,310 SF
- Lot size
- 0.06 Acres
Building Details
- Year built
- 1973
Source:
Kw
Listing Agent: Dominic Tucci
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Remodeled Oceanfront Duplex Opportunity
This updated duplex is located in the heart of the Balboa Peninsula, steps away from the sand and ocean on the boardwalk. Its corner location provides ample sunlight and ocean breezes. The property is within walking distance of the Balboa Fun Zone, offering activities and ferry service to Balboa Island and Catalina. The lower unit, a remodeled one-bedroom, one-bathroom space, features indoor laundry, an open living area, an upgraded kitchen with quartz composite countertops and a breakfast bar, and an oversized deck. The upstairs unit is also newly remodeled and includes a kitchen with an island and wine fridge, three bedrooms (the primary bedroom has its own kitchenette), and two bathrooms. The living room offers views of the ocean and Balboa Pier. The property has been professionally managed and maintained, with features including new air conditioning installed in 2023, a new roof, and double-paned windows. An oversized garage can accommodate up to four cars. The property has two Short Term Lodging permits and a proven track record with excellent reviews from former guests, presenting an income potential.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Newport Beach
- County
- Orange
- State
- California
- Longitude
- -117.9004295
- Latitude
- 33.6016594
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Updated duplex on Balboa Peninsula, steps from the beach.
Where is this duplex located?
The property is located at 700 E Oceanfront Newport Beach, CA.
What is the asking price?
The asking price for this property is $6,690,000.
What are key features of this property?
This property features: - Oceanfront duplex with two Short Term Lodging permits, a rare and valuable asset.; - Turnkey vacation rental business opportunity with a proven track record and excellent reviews.; - Newly remodeled units with updated kitchens, including quartz countertops and wine fridge.
