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Michelle & Bradley Kapture

michelleandbradleykapture@gmail.com +1(818) 943-9633

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

$ 6,990,000

Est. payment -/mo

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Active

700 East Oceanfront Newport Beach, CA 92661

2,310 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,310 sqft

Price per Sqft $3,025

Subdivision Balboa Peninsula (Residential)

MLS Listing ID OC-25097465

Year Built 1973

Lot Size 2,614 Sqft

Property Sub-Type Duplex

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 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.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Zoning RSC-R

Interior

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

Heating Radiant, Central

Cooling Central Air, See Remarks

Flooring Carpet, Tile

Fireplaces Type None

Inclusions All furniture, furnishings and electronics

Laundry See Remarks, Inside

Exterior

Exterior Feature Barbeque Private

Parking Features Garage, Garage Faces Rear, Paved, Tandem Garage

Garage Spaces 4.0

Pool None

Community Features Biking, Curbs, Fishing, Gutters, Hiking, Park, Sidewalks, Storm Drains, Street Lights, Watersports

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

View Y/N Yes

View Ocean

Building

Lot Description Corner Lot, Near Public Transit, Walkstreet

Sewer Public Sewer

Others

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Michelle & Bradley Kapture

Agent | License ID: 02160991

+1(818) 943-9633

Michelle & Bradley Kapture

700 East Oceanfront Newport Beach, CA 92661

Key Details

Location

Interior

Exterior

Building

Others

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700 East Oceanfront