Furnished Residential Income
For Sale
Contact for pricing
2214 W Oceanfront, Newport Beach, CA 92663
Newport Beach, CA
Property Size1,350 SF
Lot Size0.07 Acres
Price / SF$6.59
Days on Market10
Property Features for 2214 W Oceanfront
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Laundry Room, Bedroom 1
Parking
2
Parking features
Assigned
Pets allowed
Call
Fireplace
1
Subdivision
Balboa Peninsula (Commercial) (BPCD)
Lot features
0-1 Unit/ Acre
View
Ocean
Elementary school district
Newport Mesa Unified
Middle school district
Newport Mesa Unified
High school district
Newport Mesa Unified
Directions
main cross streets are 23rd and oceanfront
Standard status
Active
APN
04714326
Size
1,350 SF
Lot size
0.07 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1965
Floors in Building
1
Number of units
2
Listing Agency:
Balboa Island Estates
Listed By:
Lucas Kinney · License #01946207
(949) 205-6382
Added: Oct 15
Changed: Oct 21
Last Checked: Oct 24 at 6:06AM
MLS# PW26224865
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This furnished, lower-level residence offers three bedrooms and two bathrooms across 1,350 square feet. The open living area includes a fireplace and connects to a covered patio facing the ocean. The kitchen has stainless steel appliances, olive-green cabinetry, and a farmhouse sink. An in-unit washer and dryer, updated hallway bathroom, and one assigned carport space are also included. The property was built in 1965 and is identified with a 0.07-acre lot.
Positioned on the boardwalk opposite Newport Beach Pier, the residence has direct oceanfront exposure. The patio features a built-in counter and stainless steel barbecue.
Positioned on the boardwalk opposite Newport Beach Pier, the residence has direct oceanfront exposure. The patio features a built-in counter and stainless steel barbecue.
Key Highlights
- 3 bedrooms and 2 bathrooms in 1,350 square feet
- Furnished lower‑level residence with a fireplace
- Covered oceanfront patio with stainless steel BBQ and built‑in counter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,768
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,360
$515.4K
Cap Rate 7%
$368,114
$368.1K
Cap Rate 9%
$286,311
$286.3K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$48.6K $36.00/SF
− Vacancy
−$1.7K −$1.30/SF
EGI
$46.9K $34.70/SF
− OpEx
−$21.1K −$15.62/SF
NOI
$25.8K $19.09/SF
Area
Orange County, CA
Vacancy
3.60%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,360
Cap Rate 7%
$368,114
Cap Rate 9%
$286,311
Alternative Uses
Best Use
Apartment 5plus
$368.1K
$322.1K – $429.5K
NOI $25,768 @ 7.0% cap · market cap 289.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$453.4K
$396.8K – $529.0K
NOI $31,741 @ 7.0% cap · market cap 356.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,411
Businesses Nearby
Explore this area
Business Placement
Demographics for 92663, CA
20,812
Population
12,348
Households
1.7
Avg Household Size
42
Median Age
64%
College-Educated
97%
High-School Grad
3.3 sq mi
ZIP Area
6,307
Density / Sq Mi
$138,271
Median Household Income
$77,157
Median Earnings
$2,717
Median Rent
$2,000,001
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The residence sits along the boardwalk across from Newport Beach Pier and includes a covered oceanfront patio.
Where is this residential income property located?
The property is located at 2214 W Oceanfront Newport Beach, CA.
What are key features of this property?
This property features: 3 bedrooms and 2 bathrooms in 1,350 square feet; Furnished lower‑level residence with a fireplace; Covered oceanfront patio with stainless steel BBQ and built‑in counter
