Property Details
About this Property
$500,000 Price Reduction! Bring All Reasonable Offers for this Once in a lifetime opportunity! This asset is a once in a lifetime opportunity! Options to utilize it for your primary residence, 50% as your primary residence (since it's a legal duplex), and/or keep it fully in the rental pool generating income while having it accessible to use personally when vacant. Included in the sale, TWO highly coveted, transferable, active Short-Term-Lodging permits approved with the city. Buyer to verify all details for their intents and purposes. Located in the heart of the Balboa Peninsula on the Newport Beach Sand! Occupants can enjoy the immediate social life of the Bike Path & Volleyball Courts or a short stroll to the Surf Shops, Restaurants, Markets, and The Pier. Short term permits allow for approximate 16 occupants (buyer to verify) between the 2 units (Unit A, approximately 1333 sq ft.), a Three Bedroom Two Bath unit, and Unit B (approximately 1676 sq. ft), is a 4 bedroom 2 1/2 Bath. Special Note: Across the bike path from this asset, your resident's and their guest can enjoy access to a giant city parking facility. This asset has it ALL. Parking, Duplex, High Occupancy Potential, Income, Sand Location, Bike Path and immediate ocean/sand access. This is an heirloom a
MLS Listing Information
MLS #
CRSB24045420
MLS Source
California Regional MLS
Interior Features
Appliances
Dryer, Washer
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 2 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 2 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
506 E Oceanfront is a Duplex in Newport Beach, CA 92661. This – square foot property sits on a 2,614 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,000,000 and was built in 1973. This address can also be written as 506 E Oceanfront, Newport Beach, CA 92661.
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This listing information is up-to-date as of November 16, 2024. For the most current information, please contact David Holstein, (310) 891-3339
