Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
Listing photo for 1514 W Oceanfront, Newport Beach, CA
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1514 W Oceanfront,

Newport Beach, CA $5,995,000

$5,995,000

0.07 Acre
3 Garages

Extraordinary opportunity to own a premier beachfront parcel in Balboa Peninsula with three transferable short term lodging permits. Capturing the symphonic pounding of surf, this pristine two-story beach-front compound is comprised of three spacious units and is constructed with features such as beamed ceilings, recessed lighting, brick fireplaces, and wood flooring. The front-facing units A and B offer views of the idyllic beaches of Newport from the balcony/deck, while the back unit offers privacy and serenity just moments from the sand. With an option to vacation or live in one unit and rent out the others, 1514 W Oceanfront is ideal as an exceptional compound for significant income opportunity or a seaside retreat for family and friends. Having achieved a net operating income of approximately $254,174 in 2020 amidst COVID-19 city restrictions, and adjusting for new property taxes for 2021, the triplex proves tremendous value and anticipates a net operating income of approximately $240,000 with a cap rate of approximately 4%.

Facts & Features
MLS® # NP21063345
Price $5,995,000
Bathrooms 0.00
Acres 0.07
Year Built 1957
Type Residential Income
Sub-Type Triplex
Status Active
Community Information
Address 1514 W Oceanfront
Area NP - Balboa Peninsula
Subdivision Balboa Peninsula (Residential) (BALP)
City Newport Beach
County Orange
State CA
Zip Code 92663
Amenities
Utilities Cable Available, Electricity Available, Natural Gas Available
Parking Spaces 3
# of Garages 3
View Ocean, Panoramic, Water
Is Waterfront No
Waterfront Beach Access, Beach Front, Ocean Access, Ocean Front, Ocean Side Of Freeway, Ocean Side Of Highway
Has Pool No
Pool None
Interior
Interior Laminate, Tile
Interior Features Beamed Ceilings, Balcony, Ceiling Fan(s), Ceramic Counters, Recessed Lighting, Tile Counters, Track Lighting
Appliances Built-In Range, Convection Oven, Gas Cooktop, Disposal, Gas Range, Gas Water Heater, Refrigerator
Heating Fireplace(s), Natural Gas, Wall Furnace
Cooling Wall/Window Unit(s)
Has Basement No
Fireplace Yes
Fireplaces Dining Room, Family Room, Gas, Living Room, Masonry, Master Bedroom
# of Stories 2
Stories Two
Exterior
Exterior Drywall, Stucco
Exterior Features Lighting
Lot Description No Landscaping, Street Level
Windows Screens
Roof Shingle
Construction Drywall, Stucco
Additional Information
Date Listed March 8th, 2021
Days on Market 9
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00
Listing Details
Agent Tim Smith
Office Coldwell Banker Realty
Photo of Jacqueline Thompson

Jacqueline Thompson

Office: (949) 326-3392
Cell: (949) 326-3392

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.