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Cyrus General

cyrus@cyrusgeneral.com +1(619) 990-7805

$ 6,199,000

Est. payment | -/mo

4 Beds

3 Baths

2,614 Sqft Lot

Save

$ 6,199,000

Est. payment | -/mo

Save

4 Beds

3 Baths

2,614 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Balboa Peninsula (Residential) (

MLS Listing ID OC26025417

Bedrooms 4

Lot Size 2,614 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

RARE - TWO Short Term Lodging Permits ON THE BOARDWALK! 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

Location

State CA

County Orange

Zoning Assessor

Direction Turn West on Palm from Balboa Blvd.On Oceanfront at Washington St

Interior

Heating Radiant

Cooling Central Forced Air, Other/Remarks

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 04813512

Acceptable Financing Conventional, Exchange

Listing Terms Conventional, Exchange

Listed by Dominic Tucci, DRE#01506188 Pacific Sotheby's Int'l Realty

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+1(619) 990-7805

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700 E Oceanfront Newport Beach, CA 92661