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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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700 E Oceanfront Newport Beach, CA 92661
$6,990,000 0 beds, 0 baths
0 sqft
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Agent Remarks

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 rental permits in place. Act quickly! With only 1550 Short Term Rental Permits available in the entire city, having a property with TWO on Oceanfront is truly a rare opportunity.

Listing Details

Property type: Duplex (Multi-Family)
Status: Active
MLS# OC25097465
List price is $6,990,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1973
2 stories
0.06 acres
Lot size: 0.0600
Subdivision: Balboa Peninsula (Residential) (BALP)
County: Orange
Zoning: RSC-R
Construction: Stucco
Interior features: Wet Bar,Balcony,Living Room Deck Attached,Open Floorplan,Quartz Counters,Primary Suite
Exterior features: Barbecue
Appliances: Dishwasher,Electric Range,Electric Water Heater,Disposal,Gas Range,Gas Water Heater,Microwave,Refrigerator
Parking description: Garage,Paved,Garage Faces Rear,Tandem
Lot description: Corner Lot,Near Public Transit,Walkstreet
Heating/cooling: Central Air,See Remarks
Heating description: Central,Radiant
MLS area: NP - Balboa Peninsula

Last Updated: 5/7/2025

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This listing belongs to the NP - Balboa Peninsula MLS area

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Lat/Long: 33.601705, -117.900409.
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Listing Agent: Dominic Tucci
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National:

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Lic#: 01276603

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18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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