1628 W Oceanfront, Newport Beach CA, 92663

Active

1628 W Oceanfront

Newport Beach CA, 92663

$14,950,000

$2,918.21 per sqft

Active

5,123 sqft

Multi-family

Built in 1931

Listed by Timothy Carr with Coldwell Banker Realty 949-644-1600

1628 W. Oceanfront presents an opportunity to own a “one of a kind” property located on the prestigious Balboa Peninsula. Ideally located on the oceanfront in between the Balboa Pier and Newport Pier, the property is set up as a boutique hotel offering a variety of rooms to rent. Current unit set up is (7) studios, (2) 1 bed / 1 bath units, and (2) 2 bed / 1 bath units with 4 of them having ocean views. All units have been recently renovated and each one has their own unique design and detail. Upgrades include quartz countertops, new cabinetry, vinyl flooring, custom tiled showers, recessed lighting, recently painted exterior, and dual pane windows throughout. The property sits on an oversized 35 foot wide corner lot and offers an impressive 9 STR permits that can be transferred to the new owner. Continue renting on a short term basis or keep as a family compound. Guests enjoy close proximity to Marina Park, McFadden Square, Balboa Fun Zone, Newport/Balboa Piers, fine dining, and offers some of the best ocean views Newport Beach has to offer. This is truly a once in a lifetime generational opportunity that you will not find anywhere else in Newport Beach.

NP23199965

MLSⓇ ID

October 30, 2023

Listed

November 7, 2023

Updated

Map

1628 W Oceanfront
Newport Beach CA, 92663

Interior Features

Total Stories: 2
Interior Features: Recessed Lighting
Laundry Description: Common Area
Floor Description: Vinyl
Fireplace: No
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

Days on Market: 7
Association Amenities: Sidewalks, Water Sports, Park
Garage: Yes
Garage Spaces: 4
Parking: Yes
Parking Total: 4
View: Yes
View Description: Coastline, Ocean
County: Orange
Water Source: Public
Pool: No
Pool Features: None

Listing Contact: 949-644-1600

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/7/2023. 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.

Data last updated on 11/7/2023 at 7:54 PM UTC