1628 W Oceanfront, Property Listing: MLS® #OC24013329

Unique opportunity to acquire an unparalleled property on the prestigious Balboa Peninsula. Situated ideally between the Balboa Pier and Newport Pier, this boutique hotel is configured with (7) studios, (2) 1 bed / 1 bath units, and (2) 2 bed / 1 bath units, four of which boast captivating ocean views. Recently renovated, each unit showcases distinctive designs with upgrades including quartz countertops, new cabinetry, vinyl flooring, custom tiled showers, recessed lighting, and dual-pane windows. The property, resting on an oversized 35-foot wide corner lot, comes with an impressive 9 STR permits transferrable to the new owner. Whether for short-term rentals or as a family compound, this is a once-in-a-lifetime generational opportunity in Newport Beach, offering close proximity to Marina Park, McFadden Square, Balboa Fun Zone, Newport/Balboa Piers, fine dining, and some of the best ocean views the area has to offer.

1628 W Oceanfront, Property Listing: MLS® #OC24013329 Close
Page Summary
NEW
  • MLS® #: OC24013329
  • 1628 W Oceanfront
  • , CA 92663
  • $13,500,000
  • 0.08 Acres
  • Office: Legacy Capital Investment Group

Unique opportunity to acquire an unparalleled property on the prestigious Balboa Peninsula. Situated ideally between the Balboa Pier and Newport Pier, this boutique hotel is configured with (7) studios, (2) 1 bed / 1 bath units, and (2) 2 bed / 1 bath units, four of which boast captivating ocean views. Recently renovated, each unit showcases distinctive designs with upgrades including quartz countertops, new cabinetry, vinyl flooring, custom tiled showers, recessed lighting, and dual-pane windows. The property, resting on an oversized 35-foot wide corner lot, comes with an impressive 9 STR permits transferrable to the new owner. Whether for short-term rentals or as a family compound, this is a once-in-a-lifetime generational opportunity in Newport Beach, offering close proximity to Marina Park, McFadden Square, Balboa Fun Zone, Newport/Balboa Piers, fine dining, and some of the best ocean views the area has to offer.

Supplemental Remarks

Essential Information

  • MLS® #OC24013329
  • Listing Price$13,500,000
  • Original Listing Price$13,500,000
  • Date ListedJanuary 18th, 2024
  • Days on Market6
  • Bathrooms0.00
  • Acres0.08
  • Lot Sq.Ft.3,485
  • TypeResidential Income
  • StatusACTIVE

Dues

  • HOA Dues$0
  • Total Monthly Dues$235

Community Information

  • Address1628 W Oceanfront
  • AreaOC - NEWPORT BEACH (92663)
  • CountyOrange
  • StateCA
  • Zip Code92663

Amenities

  • PoolN/K

Interior

  • # of Stories2

Exterior

  • Lot DescriptionCorner Lot, Sidewalks
Print this Page

Property Location

Get directions to this property:
Please provide a valid email address.

Nearby Schools in

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS®, Inc.

Listing information last updated on March 1st, 2024 at 12:25pm PST.