700 E Ocean Front, Newport Beach, CA 92661

$2,999,000
2,310
SqFt
List Price
$2,999,000
Status
ACTIVE UNDER CONTRACT
MLS#
NP20042458
Year Built
1973
Living Sq. Ft
2,310
Lot Size
2,614
Acres
0.06
Lot Location
Value In Land, Walkstreet
Days on Market
25
Property Type
Single Family Residential
Property Sub Type
Duplex
Stories
Two Level
Neighborhood
Balboa Peninsula (Residential) (Balp)

Property Description

Located in the heart of the Balboa Village, this Boardwalk Corner Duplex is the LOWEST Priced OCEANFRONT property in Newport. Walk down the boardwalk and you are on the pier or on the sand. Currently operated as a vacation rental, the property has amazing income potential. The kitchens and bathrooms were remodeled in 2006 with high end materials. The upper 3 bdrm. 2 bath unit boasts a huge sun-soaked deck with panoramic views of the Pacific Ocean, Catalina Island and Palos Verdes. The upper unit also has a spacious open floor plan, with fireplace, flat screen TV and tile flooring, perfect for beach living. The kitchen has granite counter tops with stainless steel appliances, along with a spacious walk in pantry. Bathrooms have granite counter tops, and custom tile. The lower unit 1 bdrm 1 bath has the same upgrades and materials as well as a huge raised deck to give an almost birds eye view of the boardwalk and passers by. Each unit has a new washer/dryer inside, double pane windows, Air Conditioning, and hard-lined BBQs. Giant 4 car sunken garage with tons of storage, and total parking for 5 Cars. Enjoy this iconic location, next to the Balboa Pier and Park, Fun Zone, and the Ferry to Balboa Island. Also close to the Wedge, Catalina Flyer and the Newport Harbor Yacht Club. This is Boardwalk living at its finest! This is a must see. Proforma available upon request. (R2 zoning.)

Additional Information

Tract Number
104
Lot Description
Curbs, Street Lights, Urban
Pool Description
None
Heat
Central
Cooling
Yes
Cooling Description
Central Air
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Total Number of Units
2

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Aaron Batley from Balboa Realty

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.