200 E Oceanfront Newport Beach, CA 92661
Active
$8,000,000
2 Units
5 Beds
4 Baths
2,428 Area(sq.ft.)
2,614 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 4 | 3 | Yes | n/a | n/a | n/a |
| Unit 2 | 1 | 1 | 1 | Yes | n/a | n/a | n/a |
| 2 | 2 | 5 | 4 | $ 0 | $ 0 | $ 0 |
| MLS #: | NP24122462MR |
| Days On Market: | 162 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 3,295 |
| Price per unit: | $ 4,000,000 |
| Year Built: | 1930 |
Property Details
Own Your Slice of California Paradise: Exquisite Oceanfront Duplex with Established Rental Income For the discerning investor and coastal enthusiast, presenting 200 E Oceanfront, Newport Beach a rare opportunity to secure a piece of the California coastline with built-in revenue. This premier corner lot duplex offers unparalleled versatility. Spanning 2,428 square feet on a 30 ft wide corner lot, this meticulously designed property features two distinct, beautifully appointed units. The expansive 4-bedroom, 3-bathroom front home boasts breathtaking, unobstructed ocean views, perfect for entertaining and serene relaxation. The charming 1-bedroom, 1-bathroom rear unit offers delightful Pacific Ocean vistas from its living and dining areas, ideal for short-term rentals or as a cozy retreat for guests. This property seamlessly merges investment with lifestyle, boasting two highly coveted short-term lodging permits and a proven rental history. With future bookings already secured, you can enjoy a steady revenue stream from the moment you acquire. Additionally, the property provides the unique advantage of generating income while you develop and approve new building plans for the site should you decide to pursue future expansion. Situated in the vibrant heart of the Balboa Peninsula, this location offers unrivaled access to world-class dining, upscale shopping, exciting entertainment, recreational activities, and, of course, the pristine California coastline all just steps away. 200 E Oceanfront is more than a residence; it allows access to an exquisite lifestyle and a savvy investment opportunity. Wake up to the soothing sounds of the ocean, with the confidence that your investment is generating solid returns.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 317,582 |
| Total Annual Expense: | $ 15,850 |
| Net Operating Income: | $ 218,502 |
Structure
| Community Features: | Sidewalks, Storm Drains, Street Lights, Suburban |
| Security Features: | Smoke Detector |
| Style: | Bungalow |
| Sewer: | Public Sewer |
| View Description: | Catalina, Ocean, Panoramic, Water |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
Interior
| Cooking Appliances: | Gas/Electric Range, Microwave, Oven-Gas |
| AC/Cooling: | None |
| Equipment: | Garage, Laundry Area, Microwave, Refrigerator, Vented Exhaust Fan |
| Heating: | Wall |
| Fireplace Rooms: | Living Room |
| Laundry: | Garage, Laundry Area |
| Laundry Equipment: | Own |
Exterior
| Pool: | No |
| Roof: | Composition |
| Spa: | No |
Detailed Map
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