Homes for sale - 1408 W Oceanfront, Newport Beach, CA 92661

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Engel & Völkers Palm Desert

palmspringsdesertrealestate@gmail.com +1(909) 327-2223

$ 7,250,000

Est. payment -/mo

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Price Dropped by $245K

1408 W Oceanfront Newport Beach, CA 92661

8 Beds

4 Baths

2,500 SqFt

UPDATED:

11/08/2024 01:00 AM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,500 sqft

Price per Sqft $2,900

Subdivision Balboa Peninsula Point (Blpp)

MLS Listing ID IV24154921

Bedrooms 8

Full Baths 4

HOA Y/N No

Year Built 1947

Lot Size 3,049 Sqft

Property Description

Oceanfront living is a dream that very few people can ever turn into a reality. Now is the time for your dream to come true. Rarely is there an oceanfront opportunity that comes available and allows you this incredible flexibility! There are only a few Tri-Plexes on the Boardwalk, you have numerous options. You can live in the front house and receive income from the other two units. You can apply for a short-term rental permit while you enjoy all the amenities of living on the Oceanfront in Newport Beach, Do you have a large extended family? Then this is the place you have been looking for, with three units, eight bedrooms & four bathrooms, everyone can have their privacy. Or do you have a vision for the future and a creative eye? Buy today, enjoy today, and plan for the future. This oversized lot provides a tremendous canvas to build your dream home. Or maybe over a few years, you will enjoy a combination of all of the options. Oceanfront property is a rare commodity, there is a limited supply and tremendous demand for the right property. This right opportunity is available for those ready to live their dreams. Come by, walk along the Boardwalk, and see where dreams come true.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Rooms

Main Level Bedrooms 3

Interior

Interior Features Balcony, Stair Climber, Bedroom on Main Level

Cooling None

Fireplaces Type None

Fireplace No

Laundry Laundry Room

Exterior

Parking Features Attached Carport, Public

Carport Spaces 3

Pool None

Community Features Biking, Curbs, Dog Park, Fishing, Golf, Street Lights, Sidewalks, Water Sports, Park

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected

Waterfront Description Beach Front,Ocean Front

View Y/N Yes

View Catalina, Coastline, Ocean, Panoramic, Water

Porch Concrete, Front Porch, Patio

Total Parking Spaces 3

Private Pool No

Building

Lot Description 2-5 Units/Acre, Level, Near Park, Near Public Transit, Street Level

Dwelling Type Triplex

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Architectural Style Patio Home

Level or Stories Three Or More

New Construction No

Schools

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 04721213

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Submit

Listing Terms Cash, Cash to New Loan, 1031 Exchange, Submit

Special Listing Condition Standard

Listed by JEFF STOFFEL • Century 21 Top Producers • 951-906-3768

Engel & Völkers Palm Desert

Broker | License ID: d24350

+1(909) 327-2223

Engel & Völkers Palm Desert

1408 W Oceanfront Newport Beach, CA 92661

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1408 W Oceanfront