Active
506 E Oceanfront
Newport Beach CA, 92661
$5,995,000
$1,969.45 per sqft
Active
3,044 sqft
Multi-family
Built in 1973
Listed by David Holstein with The Holstein Group 310-345-9994
$500,000 Price Improvement! Bring All Reasonable Offers!
Once in a lifetime opportunity! For the 1st time in over 35 years, 506 E. Oceanfront is NOW available to add to your investment portfolio as an investment asset or, utilize it for your future primary residence (or both as its zoned as a Duplex).
These assets customarily never hit the market and become generational properties! Don't Hesitate. Don't let this unique opportunity pass you by.
Located in the heart of the Balboa Peninsula! Wake up and choose the Bike Path in front, the volleyball courts, or enjoy the sand and Pacific Ocean - all just steps away.
If you choose to take a short stroll, you are immediately in the heart of all the action. Just steps to the pier, local restaurants, and plenty of parking for your guests as the city parking facilities are also just steps away. Not too many places along the California Coastline could offer this much opportunity.
Current unit mix (Unit A) is a Three Bedroom Two Bath unit - potentially set up to sleep 9 Guests, and Unit B as a 4 bedroom 2 1/2 Bath unit that is potentially set up to sleep 12 Guests... Imagine having 21 guests at your Beach Front Oasis!
SB24045420
MLSⓇ ID
March 5, 2024
Listed
May 14, 2024
Updated
Map
506 E Oceanfront
Newport Beach CA, 92661
Interior Features
Total Stories
2
Appliances
Dryer, Washer
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.06 Acres
Lot Features
0-1 Unit/Acre
Sewer
Public Sewer
Other Property Details
Area Name
NP - Balboa Peninsula
Days on Market
70
Garage
Yes
Garage Spaces
2
Parking Total
3
View
Yes
View Description
Ocean, Pier, Water
County
Orange
Water Source
Public
Pool
No
Pool Features
None
Waterfront
Yes
Listing History
Date | Event | Price |
|---|---|---|
4/30/2024 | Price Change | $5,995,000 -8% |
Open House Schedule
Wed, May 22nd
12:00 PM - 1:30 PM PDT
Listing Contact: 310-345-9994
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/14/2024. 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 5/14/2024 at 10:10 PM UTC