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Waterfront
Address
906 E Oceanfront Newport Beach, CA
Price
$ 4,499,000
Property Attributes
  • MLS#PW19029273
  • TypeContingent
  • CountyORANGE
  • CityNewport Beach
  • AreaBalboa Peninsula
  • NeighborhoodBalboa Peninsula
  • Zip92661
  • Style
  • Price$ 4,499,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3255
  • Lot Size3,920 SqFt
Listing Provided Courtesy Of:
Christian Walsh with Coldwell Banker Res. Brokerage.
Property Description

This way to the beach...906 E. Oceanfront is one of the few legal triplexes on the Peninsula and is conveniently located on the boardwalk across from Balboa Peninsula Park and the nearby Balboa Pier. This clean, upgraded and remodeled building includes a great unit mix of two large 3 bedroom/2 bath units and one 2 bedroom/2 bath unit. Two units have direct ocean, beach, sunset, pier and boardwalk views. The lot is an oversized 3,920 sqft (per assessor) that can offer exciting future redevelopment opportunities, buyer to verify options with the city. For the first time in the building’s history, it was effectively run as a licensed short term rental and generated nearly $200,000 in income for the year. The conservative annual pro forma income is $225,000+. Over $50,000 is already booked for the summer 2019 season. Now that this asset is stabilized and income is growing, it’s perfect for the investor looking to simply cash checks and maybe occasionally visit and stay in a premier oceanfront location. The building also features a shared interior courtyard plus a front patio abutting the boardwalk. The alleyway provides access to a huge 3 car garage with laundry area and ample storage space. All units are separately metered for gas and electric. All furniture and household goods are included in the sale.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
2/8/2019 Listed $4,499,000

General Features

Attached Structure Attached
Community Features Sidewalks
Directions A street /Oceanfront
HOA Fee 0.00
Levels Two
Listing Agent Christian Walsh - BRE#01804983
Listing Agent State License 01804983
MLS Area NP - Balboa Peninsula
Price Per Square Foot 1382.18
Property Attached Y/N Yes
Property Condition Updated/Remodeled
Special Listing Conditions Standard
Subdivision Name Balboa Peninsula (Residential) (BALP)
Subdivision Name Balboa Peninsula (Residential) (BALP)
Total Units 3

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 2+ Common Walls
Laundry Features In Garage
Laundry Y/N Yes
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 3255.00
Garage Spaces 3.00
Lot Features No Landscaping
Lot Size Acres 0.0900
Lot Size Area 3920.0000
Lot Size Source Assessor
Lot Size Square Feet 3920.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 3
Number of Separate Gas Meters 3
Number of Separate Water Meters 1
Parking Features Garage
Parking Y/N Yes
Pool Features None
Sewer Public Sewer
Total Parking 3.00
View Catalina, Coastline, Ocean, Panoramic, Park/Greenbelt, Water
Water Source Public
Waterfront Features Beach Access, Beach Front, Ocean Front

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92661

Price
AVG $2.51M
$4.5M
Visits
AVG 82
118
Year Built
AVG 1940
1971
Walkscore
AVG 56
61
Data Provided by Walkscore ® not using MLS data

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