$7,200,000
SOLD MAR 28, 2025
5 Beds
4 Baths
2,428 Sq Ft
2,614 Sq Ft Lot

Recently Sold

$2,965 Per Sq Ft

9% Below List Price

53 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Corner Lot
  • Newport Elementary School Rated A
  • Sun or Florida Room
  • Quartz Countertops

About This Home

As of March 2025

Own Your Slice of California Paradise: Exquisite Oceanfront Duplex with Established Rental Income

For the discerning investor and coastal enthusiast, presenting 200 E Oceanfront, Newport Beach—a rare opportunity to secure a piece of the California coastline with built-in revenue. This premier corner lot duplex offers unparalleled versatility.

Spanning 2,428 square feet on a 30 ft wide corner lot, this meticulously designed property features two distinct, beautifully appointed units. The expansive 4-bedroom, 3-bathroom front home boasts breathtaking, unobstructed ocean views, perfect for entertaining and serene relaxation. The charming 1-bedroom, 1-bathroom rear unit offers delightful Pacific Ocean vistas from its living and dining areas, ideal for short-term rentals or as a cozy retreat for guests.

This property seamlessly merges investment with lifestyle, boasting two highly coveted short-term lodging permits and a proven rental history. With future bookings already secured, you can enjoy a steady revenue stream from the moment you acquire. Additionally, the property provides the unique advantage of generating income while you develop and approve new building plans for the site should you decide to pursue future expansion.

Situated in the vibrant heart of the Balboa Peninsula, this location offers unrivaled access to world-class dining, upscale shopping, exciting entertainment, recreational activities, and, of course, the pristine California coastline—all just steps away.

200 E Oceanfront is more than a residence; it allows access to an exquisite lifestyle and a savvy investment opportunity. Wake up to the soothing sounds of the ocean, with the confidence that your investment is generating solid returns.

Last Agent to Sell the Property

Tyler Brown

Compass Brokerage Phone: 949-220-4409 License #02043514 Listed on: 01/14/2025

Compass

Last Buyer's Agent

Mahsa Townsend

The Boutique Real Estate Group License #01336533

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 2,614 Sq Ft Lot
  • Beach Front
  • Property fronts an alley
  • 1 Common Wall
  • South Facing Home
  • Corner Lot
  • Density is up to 1 Unit/Acre
  • Zero Lot Line

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Rear-Facing Garage

Property Views

  • Ocean
  • Catalina
  • Panoramic
  • Neighborhood

Home Design

  • Duplex
  • Bungalow
  • Entry on the 1st floor
  • Turnkey
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 2,428 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Track Lighting
  • Double Pane Windows
  • Blinds
  • Living Room with Fireplace
  • Sun or Florida Room
  • Storage
  • Vinyl Flooring
  • Fire and Smoke Detector

Kitchen

  • Gas Oven
  • Built-In Range
  • Range Hood
  • Microwave
  • Quartz Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Schools

  • Newport Elementary School
  • Ensign Middle School
  • Newport Harbor High School

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • 220 Volts in Garage
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 1 / 1
  • Tax Tract Number 510
  • Assessor Parcel Number 04808115
  • $528 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Balboa Peninsula Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

2,614 Sq Ft Lot

Parking

2

Listing Details

  • Structure Type: Duplex
  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Architectural Style: Bungalow
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 04808115
  • Year Built: 1930
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2428.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Quartz Counters, Recessed Lighting, Storage, Track Lighting
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl
  • Appliances: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 2965.40
  • Room Type: Living Room, Primary Bathroom, Primary Bedroom, Sun
  • Window Features: Blinds, Double Pane Windows

Exterior Features

  • Direction Faces: South
  • Foundation: Raised
  • Exterior Features: Rain Gutters
  • View: Catalina, Neighborhood, Ocean, Panoramic, Water
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Gas & Electric Range, Gas Oven, Microwave, Range Hood, Refrigerator, Vented Exhaust Fan, Water Heater
  • Electric: 220 Volts in Garage
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban

Schools

  • Elementary School: Newport
  • High School: Newport Harbor
  • Middle Or Junior School: Ensign
  • Elementary School #2: NEWPOR
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Zero Lot Line
  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2614.0000 Square Feet
  • Number Of Units Total: 2
  • Waterfront Features: Beach Access, Beach Front, Ocean Front

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 628.00
  • Tax Lot: 1
  • Tax Tract Number: 510
  • TaxOtherAnnualAssessmentAmount: 528.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/28/2025 03/28/25 Sold $7,200,000 -8.6% $2,965 / Sq Ft
03/09/2025 03/09/25 Pending -- -- --
01/14/2025 01/14/25 For Sale $7,875,000 +104.5% $3,243 / Sq Ft
12/14/2018 12/14/18 Sold $3,850,000 -3.6% $1,586 / Sq Ft View Prior Sale
11/08/2018 11/08/18 Pending -- -- --
06/20/2018 06/20/18 Price Changed $3,995,000 -2.6% $1,646 / Sq Ft
03/08/2018 03/08/18 For Sale $4,100,000 +6.5% $1,689 / Sq Ft
09/12/2016 09/12/16 Sold $3,850,000 -3.6% $1,586 / Sq Ft View Prior Sale
05/31/2016 05/31/16 Price Changed $3,995,000 -4.8% $1,646 / Sq Ft
02/24/2016 02/24/16 For Sale $4,195,000 -- $1,728 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $44,851 $4,294,745 $4,210,617 $84,128
2024 $44,851 $4,210,535 $4,128,056 $82,479
2023 $43,802 $4,127,976 $4,047,114 $80,862
2022 $43,078 $4,047,036 $3,967,759 $79,277
2021 $42,252 $3,967,683 $3,889,960 $77,723
2020 $41,846 $3,927,000 $3,850,073 $76,927
2019 $40,977 $3,850,000 $3,774,581 $75,419
2018 $41,762 $3,927,000 $3,850,122 $76,878
2017 $41,023 $3,850,000 $3,774,629 $75,371
2016 $2,068 $150,973 $105,614 $45,359
2015 $2,045 $148,706 $104,028 $44,678
2014 $1,999 $145,794 $101,991 $43,803
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25007974

California Regional Multiple Listing Service (CRMLS)

APN: 048-081-15

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