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Home Sale Pending
1628 W Oceanfront
Newport Beach, California 92663
Orange CountyWaterfront:
YesCommunity: Balboa Peninsula (Commercial) (BPCD)
$12,995,000
13 br, 11.0 bath
5123 sq. ft.
0.080 acres
Unique opportunity to own a fully renovated 11 unit oceanfront vacation rental property that feels like a first class boutique hotel. Welcome to 1628 West Oceanfront, with nine highly sought-after short-term rental permits make it easy to experience investment returns with a projected 4.3% cap rate, create a personal residential compound, or live in one unit and rent the rest. Located on the Balboa Peninsula between the Newport and Balboa piers, the property occupies a large 35' corner lot, giving it more visibility and added privacy with only one direct neighbor. Panoramic views encompass golden sands, the Pacific Ocean, dramatic sunsets, Catalina Island and the Orange County coastline. A beach-front entrance leads to a variety of rooms that includes seven studios; two two-bedroom, one-bath designs; and two one-bedroom, one-bath designs. Depending on the room, guests will enjoy a kitchenette or dine-in kitchen, sitting rooms, ocean-view patios, and luxurious freestanding bathtubs. Every room showcases luxury vinyl plank flooring, soothing white and gray color themes, quartz countertops, Shaker cabinetry, recessed lighting, dual-pane windows, and custom tile work. Marina Park, which features a playground, picnic areas, a beach and basketball courts, is only one block away. Fashion Island shopping and dining, the Balboa Fun Zone, Balboa Island, golf, biking paths and more are all just minutes away.
Interior:
- Bedrooms: 13
- Baths: 11.0
- Sq Ft: 5123
- Year Built: 1931
- Utilities:
- Fireplaces:
- Stories: 2.0
- Heat/AC: Central Furnace
- Garage:
Exterior:
- Lot Size: 0.080 acre
- Lot Dimensions:
- Waterfront: Yes
- View Types:
- Yard:
- Siding:
- Roof: Unknown
- MLS #: OC24086150
Ad Number: 4893156
Viewed 19 times.
Updated: May 01, 2024
This property is a Home located at 1628 W Oceanfront, Newport Beach, California 92663, and is currently Sale Pending at $12,995,000. This Home has 13 bedrooms, 11.0 baths, 5123 sq ft.
Listing Agent: Tara McNabb, Compass, 949-500-3910, 949-438-4340
Listing Site, Listing Status: Pending
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