Gustavo Macias - Coldwell Banker Commercial Real Estate Solutions Logo
Open House LogoIn-Person: 08/30 12:00 PM - 3:00 PM
$6,199,000
 $33,278 est/mo Sourced by Back At You

700 E Oceanfront,Newport Beach, CA 92661

Newport Beach, CA 92661

Share:

PreviousNext

Description

RARE - TWO Short Term Lodging Permits ON THE BOARDWALK! 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 Lodging permits in place. Act quickly! With only 1550 Short Term Lodging Permits available in the entire city, having a property with TWO on Oceanfront is truly a rare opportunity.

Details

MLS #OC26025417
Listing TypeFor Sale
StyleDuplex
Sub-TypeResale
StatusActive
Year1973
Days On Site201
Listing Provided ByPacific Sotheby's Int'l Realty | Dominic Tucci

Features

SQ Feet2,310
Garage4
Story(s)2
Units2
Building(s)1
ZoningRSC-R
Acreage0.06
Water FrontYes
Property ViewYes

Interior

CoolingCentral Air, See Remarks
HeatingCentral, Radiant
Heating Yes / NoYes
Cooling Yes / NoYes
Interior FeaturesWet Bar, Balcony, Living Room Deck Attached, Open Floorplan, Quartz Counters, Primary Suite
Window FeaturesDouble Pane Windows
AppliancesDishwasher, Electric Range, Electric Water Heater, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator
Fireplace Yes / NoNo

Exterior

Exterior FeaturesBarbecue
Security FeaturesSmoke Detectors
Construction MaterialsStucco
Foundation DetailsSlab
Lot FeaturesCorner Lot, Near Public Transit, Walkstreet
FencingNone

Parking

Parking FeaturesGarage, Paved, Garage Faces Rear, Tandem
Garage Yes / NoYes

Utilities

UtilitiesCable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
ElectricStandard
SewerPublic Sewer

Location

Community FeaturesBiking, Curbs, Fishing, Gutters, Hiking, Park, Storm Drains, Street Lights, Sidewalks, Water Sports

Area Information

StateCA
CountyOrange
CityNewport Beach
Zip Code92661
AreaNP Balboa Peninsula
Community NameBalboa Peninsula (Residential) (BALP)
Listing VS Median (in Balboa Peninsula (Residential) (BALP))
Price:
$6,199,000
low | high
Med:
$3,774,000
89.119220842071% of Average
sqft:
2,310
low | high
Med:
2,668
34.502164502165% of Average
$ / sqft:
$2,684
low | high
Med:
$1,477
94.979286299949% of Average
On site:
201
low | high
Med:
361.5
55.601659751037% of Average
Sourced by Back At You

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Coldwell Banker Home Source at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

Contact

Learn More About This Property

Gustavo Macias

Gustavo Macias

Coldwell Banker Commercial

01758792 (626) 523-1730gustavo.macias@cbcinland.com
Open House
In-Person
08/30 12:00 PM - 3:00 PM
StateCA
CountyOrange
CityNewport Beach
Zip Code92661
AreaNP Balboa Peninsula
Community NameBalboa Peninsula (Residential) (BALP)
Listing VS Median (in Balboa Peninsula (Residential) (BALP))
Price:
$6,199,000
low | high
Med:
$3,774,000
89.119220842071% of Average
sqft:
2,310
low | high
Med:
2,668
34.502164502165% of Average
$ / sqft:
$2,684
low | high
Med:
$1,477
94.979286299949% of Average
On site:
201
low | high
Med:
361.5
55.601659751037% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $4.649M - $7.748M
sqft: 1,500 - 2,500
Nearby Listings Property ImageNearby Listings Details
126 E Balboa Property Photo 1
$3,448,000
126 E Balboa
Newport Beach, CA 92661
514 W Balboa Property Photo 1
$2,995,000
514 W Balboa
Newport Beach, CA 92661
Listing Updated: August 26, 2026 at 2:31:30 PM PDT

Gustavo Macias - Coldwell Banker Commercial Real Estate Solutions