700 E Oceanfront

Newport Beach, CA 92661

  • 4 Bed(s)
  • 3 Bath(s)
  • 2,310 Sqft
  • 2614
    Sqft(Lot)
$6,990,000

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 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.

  • Property Type

    Residential Income

  • County

    Orange

  • Style

    Residential Income

  • AD ID

    49602409

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Exterior Property Features : Barbecue
    • Interior Features: Wet Bar,Balcony,Living Room Deck Attached,Open Floorplan,Quartz Counters,Primary Suite
    • Windows: Double Pane Windows
    • Property Appliances: Dishwasher,Electric Range,Electric Water Heater,Disposal,Gas Range,Gas Water Heater,Microwave,Refrigerator
    • Fireplace: None
    • Flooring: Carpet,Tile

    Cooling Features

    • Central Air,See Remarks
    • Air Conditioning

    Heating Source

    • Central,Radiant
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1973
    • Building Area Total: 2,310
    • Construction: Stucco

    Exterior Features

    • Barbecue

    Foundation

    • Slab

    Security Features

    • Smoke Detector(s)

    Pool Features

    • None

    Laundry Features

    • Inside,See Remarks

    Fencing

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.06
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 2614

  • Listing Price Information

    • Original List Price: 6,990,000
    • Listing Contract Date: 2025-05-02

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 04813512

  • Garage and Parking

    • Garage Description: Garage,Paved,Garage Faces Rear,Tandem

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: None

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: NP - Balboa Peninsula
    • Directions: Turn West on Palm from Balboa Blvd.On Oceanfront at Washington St
    • Zoning: RSC-R
    • Source Property Type: Residential Income
    • Area: NP - Balboa Peninsula
    • Property SubType: Duplex

    Building and Construction

    • Property Age: 52
    • Common Walls: No Common Walls
    • Property Condition: Turnkey
    • Structure Type: Duplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 05/12/2025 @ 05:51

  • MLS: OC25097465
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 4 bedrooms which is for sale, it has 2,310 sqft, 2,614 sized lot, and 4 parking. are nearby neighborhoods.