Sq.Ft. Lot2,614
Year1973
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Status:
Active
Property Type:Duplex
MLS #:TR21032798
On Site:9 Days
Lot Size:2,614 Sq. Ft.
County:Orange
OCEANFRONT DUPLEX on the Boardwalk by the Balboa Pier. Located in the heart of the Balboa Village. Enjoy this Iconic location, next to Balboa Pier, walk to Fun Zone, and the ferry to Balboa Island, park, shops, restaurants, bus stop, ride bikes along the boardwalk, step out to the sand and ocean! True Newport Beach Lifestyle! The kitchens and bathrooms were remodeled in 2006 & 2020 with high-end material, The kitchens and bathroom have a Granite Countertop,finest quality cabinets, Custom tile, Wood and Carpet flooring, Recessed lighting and updated lighting fixtures, Dual Pane Window , Air conditioner, interior laundry area , All Mirror Closet Doors and 2 Sliding Doors.
The upper unit with 2 separate sections, Front section feature 2 bedrooms 1 bath, large kitchen with granite countertop , Spacious open floor plan with fireplace, boasts a huge sun-soaked deck with panoramic views of the pacific ocean and Balboa Pier, Back section feature 1 bedroom 1 bath and living room, snack bar with sink, Lower unit is a large 1 bedroom 1 bath has same beautiful upgraded and material and huge deck on the side of Boardwalk, remodeled kitchen & bathroom with granite countertop.
Rare over-sized 4 car tandem garage with tons of storage, and total parking for 5 cars, R2 zoning, currently operated as a vacation rental, Air BNB or short term rental, property been well maintained and is in exceptional condition.
The upper unit with 2 separate sections, Front section feature 2 bedrooms 1 bath, large kitchen with granite countertop , Spacious open floor plan with fireplace, boasts a huge sun-soaked deck with panoramic views of the pacific ocean and Balboa Pier, Back section feature 1 bedroom 1 bath and living room, snack bar with sink, Lower unit is a large 1 bedroom 1 bath has same beautiful upgraded and material and huge deck on the side of Boardwalk, remodeled kitchen & bathroom with granite countertop.
Rare over-sized 4 car tandem garage with tons of storage, and total parking for 5 cars, R2 zoning, currently operated as a vacation rental, Air BNB or short term rental, property been well maintained and is in exceptional condition.
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Community Information
Address:700 E Oceanfront Newport Beach, CA 92661
County:Orange
City:Newport Beach
Subdivision:Balboa Peninsula (Residential) (Balp)
Zip Code:92661
Architecture
Year Built:1973
Stories:Two
Total Units: 2
Stories Total: 2
Unit 1: 1 Unit•3 Beds•2 Baths•2 Garages•Furnished•$100,000 actual rent•$100,000 total rent•$100,000 pro forma
Unit 2: 1 Unit•1 Bed•1 Bath•2 Garages•Furnished•$45,000 actual rent•$45,000 total rent•$45,000 pro forma
Roofing: Tile
Garage Spaces: 4
Features / Amenities
Laundry: Inside, Stackable, Washer Hookup
Common Walls: No Common Walls
Parking Total: 5
Fireplace(s): See Remarks
Cooling Type: Central Air
Heating Type: Central
Property Features
Lot Size:
0.06 Acres / 2,614 Sq. Ft.
Lot Features: Corner Lot, Paved, Value In Land
View: Ocean, Pier, Water
Lot Number: 9
Sewer: Public Sewer
Water: Public
Electric: Standard
Zoning:RSC-R
Directions:East of Balboa Blvd, to Palm St. left at the 1st alleyway at NE Corner of Washington & Ocean Front
Tax and Financial Info
Land Lease: No
Electric Expense: 150.00
Insurance Expense: 978.00
Trash Expense: 650.00
Water / Sewer Expense: 750.00
Total Expenses: 65000.00
Gross Annual Income: 145000.00
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700 E Oceanfront Newport Beach, CA 92661
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Listing provided courtesy of Mary Chou, Remax 2000 Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of February 26, 2021. 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. IDX provided by Sierra Interactive.
