$2,925,000
$2,999,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
700 E Ocean Front Newport Beach, CA 92661
2,613 Sqft Lot
Key Details
Sold Price $2,925,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID NP20042458
Sold Date 06/02/20
HOA Y/N No
Year Built 1973
Lot Size 2,613 Sqft
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.)
Location
State CA
County Orange
Area Np - Balboa Peninsula
Zoning RSC-R
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Washer Hookup, Inside, Stacked
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Street Lights, Urban
Total Parking Spaces 5
Private Pool No
Building
Lot Description Value In Land, Walkstreet
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 04813512
Acceptable Financing Cash, Cash to New Loan, Conventional, Submit
Listing Terms Cash, Cash to New Loan, Conventional, Submit
Financing Conventional
Special Listing Condition Standard
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Bought with Chris Wen • Walton Realty Inc.