700 Oceanfront, Newport Beach

$6,990,000

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4

Beds

3

Baths

0.06

Acres

Listing Agent
Dominic Tucci - Pacific Sotheby's Int'l Realty

About 700 Oceanfront

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 excellent reviews from former guests. Incredible income potential with 2 short term rental permits in place. Act quickly! With only 1550 Short Term Rental Permits available in the entire city, having a property with TWO on Oceanfront is truly a rare opportunity.

Features of 700 Oceanfront

MLS® # OC25097465
Price $6,990,000
Bedrooms 4
Bathrooms 3.00
Acres 0.06
Year Built 1973
Type Residential Income
Sub-Type Duplex
Status Active

Community Information

Address 700 Oceanfront
Area NP - Balboa Peninsula
Subdivision Balboa Peninsula (Residential) (BALP)
City Newport Beach
County Orange
Zip Code 92661

Amenities

Utilities Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Parking Spaces 4
Parking Garage, Paved, Garage Faces Rear, Tandem
# of Garages 4
Garages Garage, Paved, Garage Faces Rear, Tandem
View Ocean
Is Waterfront No
Waterfront Beach Access, Ocean Access
Has Pool No
Pool None

Interior

Interior Carpet, Tile
Interior Features Wet Bar, Balcony, Living Room Deck Attached, Open Floorplan, Quartz Counters, Primary Suite
Appliances Dishwasher, Electric Range, Electric Water Heater, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator
Heating Central, Radiant
Cooling Central Air, See Remarks
Has Basement No
Fireplace No
Fireplaces None
# of Stories 2
Stories Two

Exterior

Exterior Stucco
Exterior Features Barbecue
Lot Description Corner Lot, Near Public Transit, Walkstreet
Windows Double Pane Windows
Construction Stucco
Foundation Slab

Additional Information

Date Listed May 2nd, 2025
Days on Market 16
Zoning RSC-R
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentDominic Tucci
OfficePacific Sotheby's Int'l Realty

Listing Map

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