700 E OceanfrontNewport Beach, CA 92661
Balboa Peninsula (Residential) (BALP) · Orange County
Description
SIGNIFICANT PRICE IMPROVEMENT! RARE - TWO Short Term Lodging Permits ON THE BOARDWALK! 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 Lodging permits in place. Act quickly! With only 1550 Short Term Lodging Permits available in the entire city, having a property with TWO on Oceanfront is truly a rare opportunity.
Property Information
- Property type
- Residential
- Sub-type
- Duplex
- Structure type
- Duplex
- Year built
- 1973
- Stories
- 2
- Living area
- 2,310 Sq Ft
- Lot size
- 0.06 acres
- Garage spaces
- 4
- Parking spaces
- 4
- Zoning
- RSC-R
- Days on market
- 235
- MLS® Listing#
- OC26030071
Property Features
- Interior
- Wet Bar · Open Floorplan
- Exterior
- Balcony · Barbecue
- Appliances
- Dishwasher · Electric Range · Electric Water Heater · Disposal · Gas Range · Gas Water Heater · Microwave · Refrigerator
- Cooling
- Central Air
- Heating
- Central · Radiant
- Flooring
- Carpet · Tile
- Fireplace
- None
- Pool
- None
- Parking
- Attached · Garage · Paved · Garage Faces Rear · Tandem
- Laundry
- Inside · See Remarks
- Fencing
- None
- Lot features
- Corner Lot · Near Public Transit
- Construction
- Stucco
- Foundation
- Slab
- Windows
- Double Pane Windows
- Security
- Smoke Detector(s)
- Community
- Curbs · Fishing · Park · Street Lights · Sidewalks
- Utilities
- Cable Connected · Electricity Connected · Natural Gas Connected · Sewer Connected · Water Connected
- Sewer
- Public Sewer
- Water source
- Public
Schools
- Elementary
- Newport
- Middle
- Ensign
- High
- Newport Harbor
Financial Details
- HOA
- None
- Parcel number
- 04813512
Directions
Turn West on Palm from Balboa Blvd.On Oceanfront at Washington St
Open Houses
- 12:00–3:00 PMAdd to calendar
Listing Courtesy: Pacific Sotheby's Int'l Realty - 949-632-2269
Presented by: Dominic Tucci
Licensed in the state of California.
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