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$12,995,000
2 Days Online

1628 W Oceanfront
Newport Beach, CA 92663

For Sale|Single Family Home|Pending
0
Beds
0
Full Baths
0
Partial Baths
5,123
SqFt
$2,537
/SqFt
1931
Built
Subdivision:
Balboa Peninsula (Commercial) (Bpcd)
County:
Orange
Listed by Tara McNabb of Compass [email protected]

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714-292-2497
1628 W Oceanfront1628 W Oceanfront1628 W Oceanfront1628 W Oceanfront
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Unique opportunity to own a fully renovated 11 unit oceanfront vacation rental property that feels like a first class boutique hotel. Welcome to 1628 West Oceanfront, with nine highly sought-after short-term rental permits make it easy to experience investment returns with a projected 4.3% cap rate, create a personal residential compound, or live in one unit and rent the rest. Located on the Balboa Peninsula between the Newport and Balboa piers, the property occupies a large 35' corner lot, giving it more visibility and added privacy with only one direct neighbor. Panoramic views encompass golden sands, the Pacific Ocean, dramatic sunsets, Catalina Island and the Orange County coastline. A beach-front entrance leads to a variety of rooms that includes seven studios; two two-bedroom, one-bath designs; and two one-bedroom, one-bath designs. Depending on the room, guests will enjoy a kitchenette or dine-in kitchen, sitting rooms, ocean-view patios, and luxurious freestanding bathtubs. Every room showcases luxury vinyl plank flooring, soothing white and gray color themes, quartz countertops, Shaker cabinetry, recessed lighting, dual-pane windows, and custom tile work. Marina Park, which features a playground, picnic areas, a beach and basketball courts, is only one block away. Fashion Island shopping and dining, the Balboa Fun Zone, Balboa Island, golf, biking paths and more are all just minutes away.

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Listing Snapshot
Price 
$12,995,000
Days Online 
2 Days
Bedrooms 
N/A
Inside Area (SqFt) 
5,123 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.08 Acres
Year Built 
1931
MLS® Number 
OC24086150
Status 
Pending
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 days agoListing updated with changes from the MLS®
2 days agoListing first seen online
General Features
Style 
ContemporaryModernSpanish
Parking Spaces 
4
Sewer 
Public Sewer
Number of Stories 
2
Acreage 
0.08
Water 
Public
Property Sub Type 
Mixed Use
Garage Spaces 
4
Listing Conditions 
Standard
Interior Features
Cooling 
None
Heating 
Central
Appliances 
Refrigerator
Interior 
FurnishedMainLevelPrimary
Fireplace Features 
None
Laundry Features 
Common Area
Fireplace 
No
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Exterior Features
Pool Features 
None
Waterfront Features 
Beach AccessBeach FrontOcean AccessOcean Front
Lot 
Corner Lot
Community Features
Association Dues 
0
Community Features 
CurbsSidewalks
Senior Community 
No
MLS Area 
NP - Balboa Peninsula


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. The 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.

Neighborhood & Commute
Source: Walkscore
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