Address: |
view address Newport Beach, CA 92661 Map Location |
Features: | Garage, Multi-level |
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Bedrooms: | 4 | Bathrooms: | 2 (full: 2) |
Square Feet: | 2,400 sq.ft. | Lot Size: | 3049.0 |
Year Built: | 1945 | Views: | Ocean |
Property Type: | Duplex | Neighborhood: | Balboa Peninsula (Residential) (BALP) |
County: | Orange | List Date: | 2024-05-07 |
Listing Number: | NP24093413 | Listing Office: | 562-552-1127 |
Days on market: | 11 |
An Oceanfront Investment Gem: Your Canvas Awaits Elevate your investment portfolio with this truly rare opportunity on the sands of Newport Beach's Balboa Peninsula. This West Oceanfront Duplex is set on the deepest lot on the Peninsula, measuring 30� x 102.5�, providing immediate utilization with ample future development opportunity. Preliminary plans have been explored for expansion up to a generous 4,000 square feet of living space, allowing you to craft a spectacular oceanfront owner's unit with an INTERNAL ADU. Alternatively, the new owner can execute redevelopment into a 2-unit rental powerhouse, with a 4-bedroom and 3-bedroom stacked short-term rental, potentially generating over $500,000 in gross revenues per year. Perfect for investors seeking to capitalize on the allure of Newport Beach's vibrant rental market, this property boasts not one, but TWO highly coveted, transferable, active short-term-rental permits approved with the city. Buyer to verify all details for their intents and purposes. In the property�s immediate condition, it offers a charming retreat featuring one bedroom, one bathroom, and an inviting open-concept layout in the front. Additionally, there is a two-level 'original condition' residence at the rear of the lot, which includes a 2-bedroom suite and deck above, as well as a 1-car parking garage below. Beyond the boundaries of your property lies a world of recreation and relaxation, with beach volleyball courts, surf shops, markets, and marinas just steps away. On 15th Street, just a few minutes' walk up the boardwalk, one can find 15th Street Surf Shop, Fry�s Market for basic groceries, and Marina Park for strolling the greenery. Indulge in the coastal lifestyle at Newport Beach Pier�s boutiques and award-winning eateries, all beckoning for exploration. But the real magic lies in the potential of this property. With plenty of room to renovate and expand, the possibilities are as vast as the ocean itself. Seize the moment and make your mark on Newport Beach's prestigious and limited shoreline. With opportunities like this, the time to invest in your future is now.
Appliances: | Washer, Dryer, Cooktop |
Fireplace features: | None | Laundry Features: | Laundry Room |
Laundry: | Yes |
Cooling features: | None |
Pool Features: | None |
Parking features: | Garage Faces Rear, Attached, Concrete, Garage | Garage spaces: | 1 |
Attached Garage: | Yes |
Community Features: | Curbs, Park | Accessibility Features: | Safe Emergency Egress from Home |
Views: | Water, Ocean | Has View: | Yes |
Sewer: | Public Sewer |
Special Listing Conditions: | Standard |
Year Built: | 1945 | Levels: | Two |
Stories: | 2 |
Lot Dimensions: | 3049.0 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
|
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.