700 E Oceanfront, Newport Beach, CA 92661

$5,938,000
2,310
SqFt
List Price
$5,938,000
Status
ACTIVE
MLS#
TR21032798
Year Built
1973
Living Sq. Ft
2,310
Lot Size
2,614
Acres
0.06
Lot Location
Corner Lot, Paved, Value In Land
Days on Market
12
Property Type
Single Family Residential
Property Sub Type
Duplex
Stories
Two Levels
Builders Tract Code
Balboa Peninsula (Residential) (BALP)
Neighborhood
Balboa Peninsula (Residential) (Balp)

Property Description

OCEANFRONT DUPLEX on the Boardwalk by the Balboa Pier. Located in the heart of the Balboa Village. Enjoy this Iconic location, next to Balboa Pier, walk to Fun Zone, and the ferry to Balboa Island, park, shops, restaurants, bus stop, ride bikes along the boardwalk, step out to the sand and ocean! True Newport Beach Lifestyle! The kitchens and bathrooms were remodeled in 2006 & 2020 with high-end material, The kitchens and bathroom have a Granite Countertop,finest quality cabinets, Custom tile, Wood and Carpet flooring, Recessed lighting and updated lighting fixtures, Dual Pane Window , Air conditioner, interior laundry area , All Mirror Closet Doors and 2 Sliding Doors. The upper unit with 2 separate sections, Front section feature 2 bedrooms 1 bath, large kitchen with granite countertop , Spacious open floor plan with fireplace, boasts a huge sun-soaked deck with panoramic views of the pacific ocean and Balboa Pier, Back section feature 1 bedroom 1 bath and living room, snack bar with sink, Lower unit is a large 1 bedroom 1 bath has same beautiful upgraded and material and huge deck on the side of Boardwalk, remodeled kitchen & bathroom with granite countertop. Rare over-sized 4 car tandem garage with tons of storage, and total parking for 5 cars, R2 zoning, currently operated as a vacation rental, Air BNB or short term rental, property been well maintained and is in exceptional condition.

Additional Information

Tract Number
104
Lot Description
Curbs, Street Lights
Pool Description
None
Fireplace Description
See Remarks
Heat
Central
Cooling
Yes
Cooling Description
Central Air
View
Ocean, Pier, Water
Roof
Tile
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
2
Gross Scheduled Income
$145,000
Operating Expense
65000

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 Mary Chou from ReMax 2000 Realty

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.