Contemporary, Modern, Spanish
1628 W Oceanfront
Newport Beach , CA 92663
MLS#: OC24086150
$12,995,000
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1931
Sq.Footage
N/A
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.
Features & Amenities
Interior
-
Other Interior Features
Master Downstairs
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
N/A
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central
Exterior
-
Garage
Yes
-
Garage spaces
4
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
YES
Area & Lot
-
Lot Features
Corner Lot
-
Lot Size(acres)
0.08
-
Property Type
Residential Income
-
Property Sub Type
Mixed Use
-
Architectural Style
Contemporary, Modern, Spanish
Price
-
Sales Price
$12,995,000
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
NO
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Senior Community YN
NO
-
Sewer
Public Sewer
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Location
County
Orange
Elementary School
Middle School
High School
Listing Courtesy of Tara McNabb , Compass
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