$9,600,000
$9,988,000
3.9%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
5 Baths
3,032 SqFt
SOLD DATE : 10/04/2024
Key Details
Sold Price $9,600,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,032 sqft
Price per Sqft $3,166
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID OC24147562
Sold Date 10/04/24
Bedrooms 8
Full Baths 5
HOA Y/N No
Year Built 1963
Lot Size 2,413 Sqft
Property Description
2 ACTIVE SHORT TERM RENTAL PERMITS! Picture yourself embarking on a weekend getaway, feeling the soft grains of sand beneath your toes as you bask in the splendor of breathtaking sunsets, accompanied by fine wine and cherished friends. This extraordinary opportunity invites you and your loved ones to embrace ownership of an oceanfront property, while luxuriating in the rewards of a short-term rental. This amazing property also features APPROVED plans for a 2 bedroom roof deck addition, this oceanfront duplex in Newport Beach offers exceptional income opportunities on the coast of Southern California. Located directly on the beach with no boardwalk between the property and the sand, the two-story design welcomes stunning ocean, beach and shoreline views from both levels. The lower-level residence features three bedrooms and 2 baths, while the second-floor unit boasts five bedrooms and 3 baths. Guests will enjoy walking out to a large beachfront patio downstairs and a spacious ocean-view deck on the top floor. Both units are open and bright, and they showcase upgrades including wood-look wide-plank tile flooring, crown molding and granite bath surrounds. Fashionable kitchens display quartz countertops, peninsulas with waterfall-style edges, stainless steel appliances and white Shaker cabinetry. Property also comes with coastal approved plans for a third floor roof deck addition. The duplex’s outstanding location is destined to be a big attraction for short-term renters. Not only is it directly on the sand, it is close to Lido Marina Village, Fashion Island, golf, parks and world-famous surf spots.
Location
State CA
County Orange
Area N8 - West Newport - Lido
Rooms
Main Level Bedrooms 3
Interior
Cooling None
Fireplaces Type Living Room
Fireplace Yes
Laundry In Garage
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Water Sports
Waterfront Description Beach Access,Beach Front,Ocean Access,Ocean Front
View Y/N Yes
View Catalina, Coastline, Ocean, Panoramic
Attached Garage Yes
Total Parking Spaces 3
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
School District Newport Mesa Unified
Others
Senior Community No
Tax ID 42331303
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with XIAO ZHONG HUANG • Designest Realty Corp
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Broker Associate | Lic# 00870450