See all 47 photos

$6,990,000

Est. payment - /mo

Save Virtual Tour

4 Beds

3 Baths

2,310 SqFt

New

700 E Oceanfront Newport Beach, CA 92661

Save Virtual Tour

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Mon

May

Tue

May

Wed

May

Jesse Ibanez

jesse@greenmeansgrow.com +1(858) 337-2796

UPDATED:

Key Details

Property Type Townhouse

Sub Type Townhome

Listing Status Active

Purchase Type For Sale

Square Footage 2,310 sqft

Price per Sqft $3,025

MLS Listing ID OC25098087

Style Townhome

Bedrooms 4

Full Baths 3

Construction Status Turnkey

HOA Y/N No

Year Built 1973

Lot Size 2,614 Sqft

Acres 0.06

Property Sub-Type Townhome

Property Description

Fabulous remodeled oceanfront getaway, turnkey vacation rental business or BOTH? The choice is yours at 700 E Oceanfront The property presents a fantastic opportunity to own an updated duplex in the heart of the Balboa Peninsula. LOCATION LOCATION LOCATION, this property is near all of the attractions that you and/or your vacation rental guests desire. Steps away from the sand and ocean, the property is located on the boardwalk and walking distance to Balboa Fun Zone, with activities for all and ferry service to Balboa Island as well as Catalina. The corner location affords unparalleled sunlight and those cooling ocean breezes. The lower 1 bed/1 bath unit is newly remodeled and has its own indoor laundry. A large, open living area flows seamlessly into an upgraded kitchen with quartz composite countertops and a breakfast bar. An oversize deck is perfect for enjoying the beach lifestyle and large gatherings. The upstairs unit is well-designed and newly remodeled throughout, including kitchen (w/ island and wine fridge) and entertaining space, as well as 3 generous bedrooms (the Primary has its own kitchenette) and 2 bathrooms. The living/great room features breathtaking views of the ocean and Balboa Pier. The duplex has been professionally managed and meticulously maintained. Notable features include: Air conditioning (new in 2023), new roof, double-paned windows and functional and cosmetic updates throughout. A rare oversize garage can accommodate up to four cars. This oceanfront duplex offers a proven track record and excellent reviews from former guests. Incredible income
Fabulous remodeled oceanfront getaway, turnkey vacation rental business or BOTH? The choice is yours at 700 E Oceanfront The property presents a fantastic opportunity to own an updated duplex in the heart of the Balboa Peninsula. LOCATION LOCATION LOCATION, this property is near all of the attractions that you and/or your vacation rental guests desire. Steps away from the sand and ocean, the property is located on the boardwalk and walking distance to Balboa Fun Zone, with activities for all and ferry service to Balboa Island as well as Catalina. The corner location affords unparalleled sunlight and those cooling ocean breezes. The lower 1 bed/1 bath unit is newly remodeled and has its own indoor laundry. A large, open living area flows seamlessly into an upgraded kitchen with quartz composite countertops and a breakfast bar. An oversize deck is perfect for enjoying the beach lifestyle and large gatherings. The upstairs unit is well-designed and newly remodeled throughout, including kitchen (w/ island and wine fridge) and entertaining space, as well as 3 generous bedrooms (the Primary has its own kitchenette) and 2 bathrooms. The living/great room features breathtaking views of the ocean and Balboa Pier. The duplex has been professionally managed and meticulously maintained. Notable features include: Air conditioning (new in 2023), new roof, double-paned windows and functional and cosmetic updates throughout. A rare oversize garage can accommodate up to four cars. This oceanfront duplex offers a proven track record and excellent reviews from former guests. Incredible income potential with 2 short term rental permits in place. Act quickly! With only 1550 Short Term Rental Permits available in the entire city, having a property with TWO on Oceanfront is truly a rare opportunity.

Location

State CA

County Orange

Area Oc - Newport Beach (92661)

Zoning RSC-R

Interior

Interior Features Living Room Balcony, Living Room Deck Attached, Wet Bar

Cooling Central Forced Air, Other/Remarks

Flooring Carpet, Tile

Equipment Dishwasher, Disposal, Microwave, Refrigerator, Electric Range, Gas Range

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Electric Range, Gas Range

Laundry Other/Remarks, Inside

Exterior

Exterior Feature Stucco

Parking Features Tandem, Garage

Garage Spaces 4.0

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Ocean

Total Parking Spaces 4

Building

Lot Description Corner Lot, Curbs, Sidewalks

Story 2

Lot Size Range 1-3999 SF

Sewer Public Sewer

Water Public

Level or Stories 2 Story

Construction Status Turnkey

Others

Monthly Total Fees $2

Miscellaneous Gutters,Storm Drains

Acceptable Financing Exchange

Listing Terms Exchange

Special Listing Condition Standard

Virtual Tour https://700eoceanfront.relahq.com

Listed by Dominic Tucci • Pacific Sotheby's Int'l Realty

GET MORE INFORMATION

Jesse Ibanez

Agent | License ID: 01405643

+1(858) 337-2796

700 E Oceanfront Newport Beach, CA 92661

Jesse Ibanez

Key Details

Location

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

700 E Oceanfront