$6,490,000
-$400,000700 E Oceanfront, Newport Beach CA 92661
Multi-Family (Duplex)
Property type
116 days
On market
$2,810
Price per sqft
4 cars
Garage
1973
Year built
2,614 sqft
Lot size
Home highlights
Open Houses
Overview
Fabulous remodeled oceanfront getaway, turnkey vacation rental business or BOTH? The choice is yours at 700 E Oceanfront The property presents a fantastic opportunity to own an updated duplex in the heart of the Balboa Peninsula. LOCATION LOCATION LOCATION, this property is near all of the attractions that you and/or your vacation rental guests desire. Steps away from the sand...
Listing provided by: Dominic Tucci DRE #01506188 949-632-2269, Pacific Sotheby's Int'l Realty
Listing updated: May 31, 2026 at 11:14pm.
Last checked: Jun 2, 2026 at 11:31pm
Source: CRMLS #OC26025417
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | 2 | $16,000 | $16,000 | $107,736 | Furnished |
| 1 | 3 | 2 | 2 | $35,000 | $35,000 | $130,249 | Furnished |
# of Buildings: 1
# of Units Total: 2
Separate Electric Meters: 2
Separate Gas Meters: 1
Separate Water Meters: 1
Carpet: 2
Dishwasher: 2
Disposal: 2
Ranges: 2
Refrigerator: 2
Rent Control: Yes
Tenant Pays: None
Financial Snapshot
Gross Rent Multiplier
27.0x
List Price / Annual Gross Rent
Cap Rate
2.59%
NOI / List Price
Gross Scheduled Income: $240,000
Operating Expense: $72,000
Net Operating Income: $168,000
Annual Operating Expenses
Fuel: $0
Insurance: $3,000
Trash: $0
Water / Sewer: $1,800
Interior
Interior Features: Wet Bar, Balcony, Living Room Deck Attached, Open Floor Plan, Quartz Counters, Primary Suite
Room Type: Family Room, Great Room, Kitchen, Living Room, Primary Bathroom, Primary Bedroom
Flooring: Carpet, Tile
Cooling: Central Air
Heating: Central, Radiant
Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator
Fireplace: None
Laundry: Inside
Entry Location: 1
Exterior
Property Attached: No
Stories Total: 2
Levels: Two
Foundation: Slab
Window Features: Double Pane Windows
Construction Materials: Stucco
Property Condition: Turnkey
Exterior: Barbecue
Common Walls: No Common Walls
Security Features: Smoke Detectors
Lot Features: Corner Lot, Near Public Transit, Walkstreet
Pool: None
Spa: None
Fencing: None
Water Source: Public
Sewer: Public Sewer
Electric: Standard
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View: Ocean
Road Frontage Type: City Street
Road Surface Type: Paved
Waterfront Features: Beach Access, Ocean Access
Garage and Parking
Parking: Garage, Paved, Garage Faces Rear, Tandem
Garage Spaces: 4
Parking Total: 4
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 04813512
Additional Parcels: No
Tax Lot: 9
Zoning: RSC-R
Tax Block: 10
Subdivision: Balboa Peninsula (Residential) (BALP)
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Biking, Curbs, Fishing, Gutters, Hiking, Park, Storm Drains, Street Lights, Sidewalks, Water Sports
Nearby Schools
Nearby schools around the 700 E Oceanfront, Newport Beach, CA 92661. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$5,192,000
Total Interest
$6,622,110
Total Payment
$11,814,110
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$39,727
per month
Property History for 700 E Oceanfront
Newport Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92661.
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