916 E Oceanfront, Newport Beach

$5,500,000

0 Beds
0 Baths
5,650 Sqft
5,663 Sqft
0 Garages

TWO DUPLEXES! 916 East Oceanfront (APN 048-143-18) *AND* 919 East Balboa Boulevard (APN 048-143-08) are included in this sale!

Can you imagine acquiring a Balboa peninsula duplex for 1.6 and a Balboa Peninsula oceanfront for 3.9? Because now you can! These two units need to be sold together due to the geography of the peninsula and their unique layout, but they provide a great mix of short and long term rental income.

- 916 East Oceanfront is a duplex with a 3 bedroom 2 bath upstairs and a 2 bedroom 2 bath downstairs. It is currently being used as a vacation rental income property.

- 919 East Balboa is a duplex with a 3 bedroom 2 bath upstairs and a 3 bedroom 2 bath downstairs. It is currently being used as a long term rental income property.

These are prime income units with ocean and bay views, on the boardwalk, steps to sand, and a block from dining, shopping and activities of the Balboa Village. What's more, there is tremendous potential for increasing revenue with some basic cosmetic upgrades. Inquire with agent for pro forma details.

TWO DUPLEXES! 916 East Oceanfront (APN 048-143-18) *AND* 919 East Balboa Boulevard (APN 048-143-08) are included in this sale!

Essential Information
MLS® #NP19257412
Price$5,500,000
Bathrooms0.00
Square Footage5,650
Lot Square Footage5,663
Year Built1972
TypeResidential Income
StyleCustom Built
StatusActive Under Contract
Community Information
Address916 E Oceanfront
AreaBalboa Peninsula (NP)
CityNewport Beach
CountyOrange
StateCA
Zip Code92661
Subdivision

Balboa Peninsula (Residential) (BALP)

Amenities
Parking Spaces4
Is WaterfrontYes
Waterfront

Lot has Beach Access, Beach Front, Lot has Ocean Access, Ocean Front

Interior
HeatingForced Air
CoolingNone
FireplaceYes
# of Stories2
StoriesTwo
Appliances

Gas Dryer Hookup, Barbecue, Dishwasher, Garbage Disposal, Gas Oven, Microwave, Range/Stove Hood, Refrigerator, Water Heater Unit

Exterior
Lot Description2-5 Units/Acre
WindowsWindow Blinds
RoofComposition
FoundationConcrete Slab
Additional Information
Date ListedNovember 5th, 2019
Days on Market151
ZoningR-2
Listing Details
AgentArt White(01905655)
OfficeWhite Sail Realty
Property History
Status Changed from Active to Active Under Contract
LISTING MAP

Based on information from California Regional Multiple Listing Service, Inc. as of April 5th, 2020 at 6:04pm PDT. 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.

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