Active
1628 W Oceanfront
Newport Beach CA, 92663
$13,500,000
$2,635.17 per sqft
Active
5,123 sqft
Condo
Built in 1931
Listed by Lisa Zhou with Legacy Capital Investment Group 949-682-3088
Don't Miss Out on This Rare Opportunity! Discover the unparalleled charm of this prestigious property nestled in the heart of the Balboa Peninsula. Situated between the iconic Balboa Pier and Newport Pier, this boutique hotel offers a unique blend of luxury and coastal living. Featuring (7) studios, (2) 1 bed / 1 bath units, and (2) 2 bed / 1 bath units, this property boasts versatility to accommodate various lifestyles. Four units offer breathtaking ocean views, providing a picturesque backdrop to everyday living. Recently renovated, each unit showcases distinctive designs with modern upgrades including quartz countertops, new cabinetry, vinyl flooring, custom tiled showers, recessed lighting, and dual-pane windows throughout. Abundant natural lighting floods the interiors, creating an inviting atmosphere, while the soothing sounds of beach waves offer a sense of tranquility. Situated on an oversized 35-foot-wide corner lot, this property comes with an impressive 9 STR permits, providing lucrative short-term rental opportunities. Whether you're seeking an investment property or a family compound, this is a once-in-a-lifetime opportunity in Newport Beach. Enjoy close proximity to Marina Park, McFadden Square, Balboa Fun Zone, Newport/Balboa Piers, fine dining establishments, and some of the best ocean views in the area. With nearby Newport Elementary School and convenient access to surfing and beach activities, this property offers the ideal coastal lifestyle. Don't let this rare gem slip away - seize the opportunity to own a piece of Newport Beach's iconic coastline.
OC24013329
MLSⓇ ID
January 18, 2024
Listed
May 9, 2024
Updated
Map
1628 W Oceanfront
Newport Beach CA, 92663
Interior Features
Total Stories
2
Interior Features
Balcony, Recessed Lighting
Laundry Description
Common Area
Floor Description
Vinyl
Fireplace
Yes
Fireplace Description
None
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.08 Acres
Lot Features
0-1 Unit/Acre, Corner Lot, Near Park
Roof
Flat
Sewer
Public Sewer
Other Property Details
Area Name
NP - Balboa Peninsula
Days on Market
52
Garage
No
Parking Total
0
View
Yes
View Description
Coastline, Ocean
County
Orange
Water Source
Public
Pool
No
Pool Features
None
Buyer Agency Compensation
2.5%
Listing Contact: 949-682-3088
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/9/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 5/9/2024 at 3:31 PM UTC