Seller's Agent in 2022
Tim Carr
Pacific Sotheby's Int'l Realty
(949) 230-8454
3 in this area
150 Total Sales
700 E Oceanfront Newport Beach, CA 92661
Balboa Peninsula Point Neighborhood
4
Beds
3
Baths
2,310
Sq Ft
2,614
Sq Ft Lot
Highlights
- White Water Ocean Views
- Beach Access
- Corner Lot
- Newport Elementary School Rated A
- Fireplace in Primary Bedroom
- 2-minute walk to Balboa Peninsula Park
About This Home
As of November 2022700 E Oceanfront presents a fantastic opportunity to own a duplex in the heart of the Balboa Peninsula. All about the location, this property is near all the desirable attractions the area has to offer. Steps away from the sand and ocean, 700 E Oceanfront is sited along the boardwalk and the Peninsula’s famous bike path. Walking distance to Balboa Fun Zone, with activities for all and ferry service to Balboa Island as well as Catalina. Featuring two units, this property offers incredible income potential. The lower unit features a bedroom and a bathroom, along with indoor laundry. A large, open living area flows seamlessly into an upgraded kitchen with granite countertops and a breakfast bar. An oversize deck is perfect for enjoying the beach lifestyle and large gatherings. The upstairs unit is smartly divided into two separate sections and encompasses a total of three bedrooms and two bathrooms. The front portion features two of the bedrooms as well as a full bath. Smartly upgraded kitchen and a living area offer ample entertaining space. The large front bedroom features a fireplace and breathtaking views of the ocean and Balboa Pier. The back section of the upstairs features bedroom, a bath and a kitchenette as well as living and dining areas. 700 E Oceanfront is a meticulously maintained property, with air conditioning, double-paned windows and cosmetic updates throughout. A rare oversize garage can accommodate up to four cars. Incredible income potential with short term rental permits in place.
Last Agent to Sell the Property
Pacific Sotheby's Int'l Realty License #01017277 Listed on: 07/05/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1973 | Remodeled
Lot Details
- 2,614 Sq Ft Lot
- No Common Walls
- Corner Lot
Parking
- 4 Car Garage
- 1 Open Parking Space
- Parking Available
- Rear-Facing Garage
- Garage Door Opener
Home Design
- Duplex
Interior Spaces
- 2,310 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- White Water Ocean Views
- Gas Range
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- Fireplace in Primary Bedroom
- 3 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Beach Access
- Exterior Lighting
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 9 / 10
- Tax Tract Number 104
- Assessor Parcel Number 04813512
- $507 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Units
- Balboa Peninsula Subdivision
Recreation
- Park
- Bike Trail
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,000
- Maintenance Expense $300
- Gross Income $248,134
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/17/2022 11/17/22 | Sold | $5,000,000 | -5.7% | $2,165 / Sq Ft | |
| 07/05/2022 07/05/22 | For Sale | $5,300,000 | +81.2% | $2,294 / Sq Ft | |
| 06/02/2020 06/02/20 | Sold | $2,925,000 | -2.5% | $1,266 / Sq Ft | View Prior Sale |
| 03/24/2020 03/24/20 | Pending | -- | -- | -- | |
| 02/28/2020 02/28/20 | For Sale | $2,999,000 | -- | $1,298 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Tim Carr
-
Dominic Tucci
Buyer's Agent in 2022
Dominic Tucci
Pacific Sothebys
(949) 632-2269
1 in this area
29 Total Sales
-
Aaron Batley
A
Seller's Agent in 2020
Aaron Batley
Balboa Realty
(949) 412-9055
3 Total Sales
-
Artie Dorr
Seller Co-Listing Agent in 2020
Artie Dorr
Balboa Realty
(949) 500-9832
2 in this area
31 Total Sales
-
Chris Wen
Buyer's Agent in 2020
Chris Wen
Walton Realty Inc.
(626) 854-2888
18 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP22145462
APN: 048-135-12
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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