Newport Beach, CA 92661,700 E Ocean Front
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Newport Beach, CA 92661,700 E Ocean Front
Newport Beach, CA 92661,700 E Ocean Front
Newport Beach, CA 92661,700 E Ocean Front
Newport Beach, CA 92661,700 E Ocean Front

$2,925,000

Est. payment /mo

$2,999,000

2.5%
Est.Price: ?

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700 E Ocean Front Newport Beach, CA 92661

2,613 Sqft Lot

SOLD DATE : 06/02/2020

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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California Regional MLS (CRMLS)
Listed by Aaron Batley • Balboa Realty
Bought with Chris Wen • Walton Realty Inc.

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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