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$6,690,000

Est. payment - /mo

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4 Beds

3 Baths

2,310 SqFt

Price Dropped by $200K

700 E Oceanfront Newport Beach, CA 92661

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Richard Combs

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Key Details

Property Type Townhouse

Sub Type Townhome

Listing Status Active

Purchase Type For Sale

Square Footage 2,310 sqft

Price per Sqft $2,896

Subdivision Balboa Peninsula (Residential) (

MLS Listing ID OC25098087

Bedrooms 4

Full Baths 3

Year Built 1973

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

Location

State CA

County Orange

Zoning RSC-R

Direction Turn West on Palm from Balboa Blvd.On Oceanfront at Washington St

Interior

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

Heating Forced Air Unit, Radiant

Cooling Central Forced Air, Other/Remarks

Flooring Carpet, Tile

Fireplace No

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

Exterior

Parking Features Garage, Tandem

Garage Spaces 4.0

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

View Y/N Yes

Water Access Desc Public

View Ocean

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Tax ID 04813512

Special Listing Condition Standard

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

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

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Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

700 E Oceanfront Newport Beach, CA 92661

Richard Combs

Key Details

Location

Interior

Exterior

Building

Others

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700 E Oceanfront