Waterfront
Address
2202 W Oceanfront Newport Beach, CA
Price
$ 4,495,000
Property Attributes
  • MLS#NP20182603
  • TypeIncome
  • CountyORANGE
  • CityNewport Beach
  • AreaBalboa Peninsula
  • NeighborhoodBalboa Peninsula
  • Zip92663
  • Style
  • Price$ 4,495,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3400
  • Lot Size3,049 SqFt
Listing Provided Courtesy Of:
Tim Smith with Coldwell Banker Realty.
Property Description

Situated directly in front of Blackies surf break with views of the Newport Pier, crashing waves, and Catalina Island, this oceanfront quadruplex with garage parking for 4-cars presents a rare investment opportunity for stable, long-term income as well as short-term lodging income. Thoughtfully designed, the beautiful upper units, (1) 2BR/2BA and (1) 1BR/1BA, can be combined for a 3BR/2BA unit to accommodate larger groups and earn premium rates. Fit with quality stainless steel appliances, a marble fireplace, cherry-wood cabinets, teak flooring and voluminous ceilings, the ocean-facing upper unit is an attractive residence for a homeowner or luxury vacationers alike. A spacious sundeck with built-in barbecue and bar-top offers the coveted indoor-outdoor lifestyle and a private retreat to watch passerby, sunsets, and surfers challenging the waves. Each upper unit comes with in-unit laundry and has been recently refurnished (2020), painted, and permitted for short-term lodging, while the (2) 1BR/1BA lower units share laundry in the garage and showcase new vinyl flooring. Additional highlights include one new garage door and track as well as a gated courtyard entry. Given its highly desirable location and luxe accommodations at the center of Newport’s cultural attractions, the income potential for this performing asset reveal a sound investment.

Price History
9/4/2020 Listed $4,495,000

General Features

Appliances Dishwasher, Freezer, Gas Range, Gas Cooktop, Microwave, Range Hood, Refrigerator
Attached Structure Detached
Community Features Curbs, Fishing, Sidewalks, Street Lights
Cooling Wall/Window Unit(s)
Directions Oceanfront & 22nd Street
Exterior Features Barbecue Private
Flooring Carpet, Tile, Vinyl, Wood
Garage Spaces 4.00
HOA Fee 0.00
Interior Features Balcony, High Ceilings
Levels Two
Listagentaor Newport
Listing Agent Tim Smith - BRE#01346878
Listing Agent State License 01346878
MLS Area NP - Balboa Peninsula
Number of Units Leased 4
Parking Features Garage
Pool Features None
Price Per Square Foot 1322.06
Sewer Public Sewer
Source System CRMLS
Spa Features None
Special Listing Conditions Standard
Subdivision Name Balboa Peninsula (Residential) (BALP)
Subdivision Name Balboa Peninsula (Residential) (BALP)
Total Units 4
Utilities Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Catalina, Coastline, Ocean, Water, White Water
Waterfront Features Across the Road from Lake/Ocean

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Air Conditioning Y/N Yes
Appliances Y/N Yes
Common Walls No Common Walls
Dishwasher Count 4
Fireplace Features Living Room
Fireplace Y/N Yes
Garbage Disposal Count 4
Laundry Features In Closet, In Garage, Inside, Stackable
Laundry Y/N Yes
Number of Wall ACs 1
Range Count 4
Refrigerator Count 4
Room Type Entry, Kitchen, Living Room, Main Floor Bedroom
Studio Area Unit Type Square Feet
Total Stories 2
Window Features Blinds, Double Pane Windows

Exterior Features

Building Area Total 3400.00
Door Features Mirror Closet Door(s), Sliding Doors
Lot Features Landscaped
Lot Size Acres 0.0700
Lot Size Area 3049.0000
Lot Size Source Assessor
Lot Size Square Feet 3049.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 4
Number of Separate Gas Meters 1
Number of Separate Water Meters 1
Parking Y/N Yes
Total Parking 4.00
Uncovered Spaces 0.00
Water Source Public

Amenities

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

Property vs Zip Code Average in 92663

Price
AVG $3.84M
$4.5M
Visits
AVG 104
82
Year Built
AVG 1960
1961

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