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    400 E Oceanfront

    Newport Beach, CA 92661
    • $5,995,000
    • STATUS: Active
    • ON SITE: 27 days
    • ID#: P1-1051
    UPDATED: 47 min ago
    $5,995,000
    • 7
      BEDS
    • 0.07
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 3,166
      SQFT
    • $1,894
      $/SQFT
    Type:
    Single-Family Home
    Built:
    1972
    County:

    School Ratings & Info

    School District:

    Description

    Welcome to Casa al Mare! Incredible attention to detail is the only way to describe this unique California Modern oceanfront Triplex located between the Newport and Balboa Piers in one of Southern California's most desired stretch of shoreline in Newport Beach. This meticulously restored and maintained investment property by interior designer Ron Gucciardo comes 'fully-furnished' and includes such luxury brand names as Viking, Tommy Bahama, and Calvin Klein. Enjoy living in one of these luxurious units and renting out the other 2 units. Stunning Pacific Ocean, Catalina, and Sunset views.Stackable washers and dryers are included in each unit and the immaculate 3 car garage contains a separate laundry room to handle weekly or monthly turnover of rental units. The garage also houses 3 Noritz tankless water heaters, one for each unit, as well as a Life Source Water Filtration System to provide filtered water for the entire property. Finally, each unit also comes with a Viking Stainless Steel Barbeque for outdoor use.Just minutes from the Balboa Island Ferry, Fun Zone, the Wedge and world-class shopping and dining. Also located steps away from public parking to accommodate guests. The property is situated on a corner lot, with easy access to and from the property on a wide access walkway. Pro-forma gross income of $357K for all 3 units and net operating income of $202K (3.55% cap rate). Visit www.400oceanfront.com for more info.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-29T11:29:55.883. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.

    www.bestlahomefinder.com/homes/109595438
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    400 E Oceanfront Newport Beach, CA 92661

    • Price: $5,995,000
    • Status: Active
    • Updated: 47 min ago
    • ID#: P1-1051
    7
    Beds
    6
    Baths
    0
    ½ Baths
    0.07
    Acres
    3,166
    SQFT
    $1,894
    $/SQFT
    1972
    Built
    Neighborhood:
    Balboa Peninsula (Residential)
    County:
    Orange
    Area:
    NP - Balboa Peninsula
    School District:
    Newport Mesa Unified
    Property Description
    Welcome to Casa al Mare! Incredible attention to detail is the only way to describe this unique California Modern oceanfront Triplex located between the Newport and Balboa Piers in one of Southern California's most desired stretch of shoreline in Newport Beach. This meticulously restored and maintained investment property by interior designer Ron Gucciardo comes 'fully-furnished' and includes such luxury brand names as Viking, Tommy Bahama, and Calvin Klein. Enjoy living in one of these luxurious units and renting out the other 2 units. Stunning Pacific Ocean, Catalina, and Sunset views.Stackable washers and dryers are included in each unit and the immaculate 3 car garage contains a separate laundry room to handle weekly or monthly turnover of rental units. The garage also houses 3 Noritz tankless water heaters, one for each unit, as well as a Life Source Water Filtration System to provide filtered water for the entire property. Finally, each unit also comes with a Viking Stainless Steel Barbeque for outdoor use.Just minutes from the Balboa Island Ferry, Fun Zone, the Wedge and world-class shopping and dining. Also located steps away from public parking to accommodate guests. The property is situated on a corner lot, with easy access to and from the property on a wide access walkway. Pro-forma gross income of $357K for all 3 units and net operating income of $202K (3.55% cap rate). Visit www.400oceanfront.com for more info.
    Exterior Features

    Architectural Style Modern Attached Garage YN Yes Construction Materials CedarFrameLap SidingWood Siding Direction Faces West Fence YN No Fencing None Garage Spaces 3.00 Lot Features Corner LotRectangular LotSprinklers None Lot Size Units Acres Parking Features None Parking Total 3.00 Parking YN No Patio And Porch Features DeckPatioPatio OpenTile Patio YN Yes Pool Features None Pool Private YN No Property Attached YN No Roof Composition Spa Features None Spa YN No Structure Type Triplex View CatalinaCoastlineOceanPanoramicPierWater View YN Yes Waterfront Features Beach AccessBeach FrontOcean AccessOcean Front

    Interior Features

    Appliances BarbecueDishwasherFree-Standing RangeFreezerGas RangeIce MakerMicrowaveRange HoodRefrigeratorTankless Water HeaterVented Exhaust FanWater Purifier Appliances YN Yes Bathroom Features BathtubDouble Sinks in Bath(S)Double Sinks In Master BathExhaust Fan(S)Jetted TubRemodeledSeparate Tub And ShowerShowerShower in TubTile Counters Bathrooms Full 6 Bathrooms One Quarter 0 Bathrooms Three Quarter 0 Common Walls No Common Walls Cooling None Cooling YN No Eating Area AreaBreakfast Counter / BarIn Family Room Fireplace Features GasLiving RoomMasonryRaised Hearth Fireplace YN Yes Flooring CarpetStoneTile Heating Fireplace(S)Forced Air Heating YN Yes Interior Features BalconyBeamed CeilingsBuilt-In FeaturesCeramic CountersCrown MoldingFurnishedGranite CountersHigh CeilingsLiving Room BalconyOpen FloorplanRecessed LightingStone CountersTile CountersWired For Data Kitchen Features Granite CountersKitchen IslandKitchen Open To Family RoomRemodeled KitchenStone CountersTile Counters Laundry Features Dryer IncludedIn ClosetIn GarageStackableWasher Included Levels Two Room Type Family RoomKitchenLiving RoomMain Floor BedroomMain Floor Master BedroomMaster BathroomMaster BedroomMaster Suite

    Property Features

    Additional Parcels YN No Community Features BikingFishingSidewalksWatersports Country Us Inclusions All Furnishings included Land Lease YN No Laundry YN Yes Lease Considered YN No Living Area Source Public Records Living Area Units Square Feet Number Of Units In Community 1 Property Condition TurnkeyUpdated/Remodeled Property Sub Type Triplex Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Sprinklers YN No Subdivision Name Other Other Water Source Public

    Listing provided courtesy of Richard Marquis of Secured Realty Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-29T11:29:55.883. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.

     
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