404 E Oceanfront, Newport Beach, CA 92661

$5,999,000
List Price
$5,999,000
Status
ACTIVE
MLS#
OC21152561
Year Built
1972
Lot Size
3,268
Acres
0.08
Lot Location
Item01UnitAcre
Days on Market
15
Property Type
Single Family Residential
Style
CapeCod
Property Sub Type
Duplex
Stories
Two Levels
Neighborhood
Balboa Peninsula (Residential) (Balp)

Property Description

PRIME LOCATION! Duplex on the boardwalk in Newport Beach moments away from Balboa Pier and the Balboa Fun Zone- which has just been purchased to go under a major renovation. The Newport Pier is also close by with tons of shopping and dining all around. Newport Beach's boardwalk runs 2.9 miles from 36th Street in West Newport, past Newport Pier and Balboa Pier on the Balboa Peninsula for both pedestrians and bikers. This makes Newport the only beach city in Orange County to offer boardwalk living. The lower unit consists of 3 bedrooms/2 baths with an exceptionally large and open living and kitchen area. Sliding glass doors open up to a large patio with direct access to the boardwalk and the beach. The upper unit is a spacious 4 bedroom/2 bath, all with ceiling fans and with a kitchen and living room that look out to the ocean and Catalina Island. Both units have central air and have access to a rare large 3 car garage with laundry, underground utilities and a newer commercial grade roof which has a 20-year warranty. Recent upgrades include newer garage doors as well as motors, newer flooring in the upper unit as well as painted kitchen cabinets. The exterior of the property has also been recently painted. This duplex has proven to be a successful vacation rental as well as a part time owner vacation home.

Additional Information

Appliances
Barbecue, Dishwasher, Microwave, Refrigerator, Water Heater, Dryer, Washer
Pool Description
None
Fireplace Description
Family Room
Heat
Forced Air
Cooling
Yes
Cooling Description
Central Air
View
Catalina, Coastline, Ocean, Panoramic
Roof
See Remarks
Garage Spaces Total
3
Sewer
Public Sewer
Water
Public
Number Of Units Total
2
Gross Scheduled Income
$163,575
Operating Expense
49313

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Amy VanDerMeulen from VanDerMeulen Investment Proper

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.