MLS# OC24086243 - 1628 W Oceanfront, Newport Beach, CA 92663
$12,995,000
Beds:
13
Baths:
11
Sqft:
5,123
Sqft lot:
3,485
Acre lot:
0.08
17 Days On Market
Courtesy of Compass.
Status:
Contingent
Property Type:
Detached
Year Built:
1931
Days On Website:
17
Property Details for 1628 W Oceanfront, Newport Beach, CA 92663
Description
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.
Open House
Features
Bathrooms
- 11 full bathrooms
- 11 total bathrooms
Bedrooms
- 13 bedrooms
- 13 total bedrooms
Building
- 5,123 estimated square feet
- Built in 1931
- 2 stories
- 2 story
Water Features
- Public
Listing
- Source: SDMLS
- For Sale
- 9 days on market
- Listed on 2024-05-01
Location
- County: Orange
Lot
- Approximately 3,485 square feet
- 1-3,999 SF
- Approximately 0 acres
Garage
- 4 garage parking spaces
- Assigned
Parking
- 4 total parking spaces
Property
- Ocean
- Catalina
- Coastline
- White Water
Sewer
- Public Sewer
Property Map
Map View
$12,995,000 - 1628 W Oceanfront, Newport Beach, CA 92663
Street View
Directions
1628 W Oceanfront
Newport Beach, CA 92663
County: Orange