Oceanfront Short-Term
2214 W Oceanfront, Newport Beach, CA 92663
For Sale
New
Contact for pricing
Newport Beach, CA
Property Size1,550 SF
Lot Size0.07 Acres
Price / SF$7.03
Days on Market6
Property Features for 2214 W Oceanfront
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking
Parking features
Pets allowed
Fireplace
Subdivision
Lot features
View
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Utilities
Sewer type
Cooling system
Water source
Amenities
oceanfront balcony
gourmet kitchen
in-unit washer and dryer
vaulted ceilings
exposed beams
ceiling fans
custom patterned accent walls
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Balboa Island Estates
(949) 438-7577
Listed By:
Lucas Kinney · License CA #01946207
(949) 205-6382
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 9 at 9:06PM
MLS# PW26237350
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.
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Investment Insights
Based on property information with market context.
Unit B is an upper-level short-term rental with 1,550 square feet, three bedrooms, and three bathrooms. Its living area has vaulted ceilings and exposed beams, with sliding doors opening onto a covered oceanfront balcony. The kitchen includes stainless steel appliances, a farmhouse sink, and an island with seating. An in-unit washer and dryer and a fireplace are also included.
The property is on the Newport Beach boardwalk, a short walk from the Newport Beach Pier. Built in 1965, it has public water and sewer service. Parking is assigned.
The property is on the Newport Beach boardwalk, a short walk from the Newport Beach Pier. Built in 1965, it has public water and sewer service. Parking is assigned.
Key Highlights
- 1,550‑square‑foot upper‑level rental with 3 bedrooms and 3 bathrooms
- Covered oceanfront balcony accessed from the living area
- Located on the Newport Beach boardwalk near the Newport Beach Pier
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,585
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,700
$591.7K
Cap Rate 7%
$422,643
$422.6K
Cap Rate 9%
$328,722
$328.7K
Market Conditions
NOI Build-Up for 1,550 SF
Gross rent
$55.8K $36.00/SF
− Vacancy
−$2.0K −$1.30/SF
EGI
$53.8K $34.70/SF
− OpEx
−$24.2K −$15.62/SF
NOI
$29.6K $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%
$591,700
Cap Rate 7%
$422,643
Cap Rate 9%
$328,722
Alternative Uses
Best Use
Apartment 5plus
$422.6K
$369.8K – $493.1K
NOI $29,585 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$520.6K
$455.5K – $607.4K
NOI $36,443 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,411
Businesses Nearby
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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
$2,000,001
Median Home Value
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Market
Average Price Trend$/SF for Short term rental properties in Newport Beach, CA
Properties on Market for Short term rental properties in Newport Beach
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Short term rental property - The upper-level unit features a covered balcony, in-unit laundry, and assigned parking.
Where is this short term rental property located?
The property is located at 2214 W Oceanfront Newport Beach, CA.
What are key features of this property?
This property features: 1,550‑square‑foot upper‑level rental with 3 bedrooms and 3 bathrooms; Covered oceanfront balcony accessed from the living area; Located on the Newport Beach boardwalk near the Newport Beach Pier
