Thank you
David Holstein
The Holstein Group
310-345-9994
$500,000 Price Improvement! Bring All Reasonable Offers! Once in a lifetime opportunity! For the 1st time in over 35 years, 506 E. Oceanfront is NOW available to add to your investment portfolio as an investment asset or, utilize it for your future primary residence (or both as its zoned as a Duplex). These assets customarily never hit the market and become generational properties! Don't Hesitate. Don't let this unique opportunity pass you by. Located in the heart of the Balboa Peninsula! Wake up and choose the Bike Path in front, the volleyball courts, or enjoy the sand and Pacific Ocean - all just steps away. If you choose to take a short stroll, you are immediately in the heart of all the action. Just steps to the pier, local restaurants, and plenty of parking for your guests as the city parking facilities are also just steps away. Not too many places along the California Coastline could offer this much opportunity. Current unit mix (Unit A) is a Three Bedroom Two Bath unit - potentially set up to sleep 9 Guests, and Unit B as a 4 bedroom 2 1/2 Bath unit that is potentially set up to sleep 12 Guests... Imagine having 21 guests at your Beach Front Oasis!
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Unit No | Unit Key | Total Bath | Total Bed | Full Bath | Half Bath |
---|---|---|---|---|---|
1 | 1062041568 | 3 | 4 | 3 | 0 |
2 | 1062041568 | 3 | 3 | 2 | 1 |
Water Source : Public
Sewer : Public Sewer
Property Appliances: Dryer,Washer
Year Built: 1973
Building Area Total: 3,044
None
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.06
Lot Size Source: Assessor
Lot Size Square Feet: 2614
Original List Price: 5,995,000
Listing Contract Date: 2024-03-05
Listing Agreement: Exclusive Right To Sell
Parcel Number: 04812210
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: NP - Balboa Peninsula
Postal Code Plus 4: 0216
Directions: Balboa Blvd to Oceanfront
Source Property Type: Residential Income
Area: NP - Balboa Peninsula
Property SubType: Duplex
Property Age: 51
Common Walls: 2+ Common Walls
Structure Type: Duplex
Year Built Source: Assessor
Entry Level: 1
Entry Location: side
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1119 E Balboa Boulevard.., Newport Beach, CA,92661 | $22,500 | 4 | 1 | 1,800 | -- |
1740 E Ocean Boulevard, Newport Beach, CA,92661 | $7,800,000 | 5 | 5 | 3,024 | 2625 Sqft |
1577 Miramar Drive, Newport Beach, CA,92661 | $4,850,000 | 4 | 4 | 2,558 | 2450 Sqft |
423 E Edgewater Avenue, Newport Beach, CA,92661 | $6,695,000 | 3 | 3 | 2,289 | 3124 Sqft |
311 Montero Street, Newport Beach, CA,92661 | $2,749,000 | 3 | 2 | 1,339 | 2100 Sqft |
1220 W Bay Avenue, Newport Beach, CA,92661 | $68,000,000 | 6 | 7 | 12,749 | 7132 Sqft |
1003 E Balboa Boulevard, Newport Beach, CA,92661 | $7,999,000 | 8 | 3 | 3,570 | 3920 Sqft |
200 E Balboa Boulevard, Newport Beach, CA,92661 | $6,495,000 | 4 | 4 | 3,029 | 2400 Sqft |
326 L Street, Newport Beach, CA,92661 | $3,997,000 | 3 | 2 | 1,420 | 1400 Sqft |
441 Seville, Newport Beach, CA,92661 | $6,799,000 | 5 | 6 | 3,863 | 2800 Sqft |
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ByOwner last updated this listing 05/22/2024 @ 13:16
MLS: SB24045420
LISTED BY: David Holstein, The Holstein Group
SOURCE: CRMLS
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.