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Brian Aarestad, Sales Associate
Contingent
$12,995,000
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1628 W Oceanfront
Newport Beach, CA 92663

Single Family
Residence
13
Beds
11
Baths
5,123
Sqft
0.08
Lot Size
Listing Agent: Tara McNabb CalDRE: 01871729 - Compass, taralmcnabb@icloud.com

Description for 1628 W Oceanfront Newport Beach, CA 92663

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.

Property Details

OC24086243
Single Family, 2 Story
13
Orange
11 Full
1931
0.08 Acres
Public
2
Public Sewer
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Listing Agent: Tara McNabb CalDRE: 01871729 - Compass, taralmcnabb@icloud.com
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Brian Aarestad Dean Stalter, Broker DRE# 00625377 - 2355 Northside Drive Ste. 180, San Diego, CA 92108 | Phone: (858) 525-3262 | Email: baarestad@bhhscal.com

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