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1818 W Oceanfront

Newport Beach, CA 92663 View Map $6,875,000 Schedule a Tour
Sq.Ft. Lot3,300
Year1986
Minda Bush

Minda Bush

(949) 280-5850
DRE: 01200302

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Status: Active
Property Type:Condominium
MLS #:NP23034593
On Site:102 Days
Lot Size:3,300 Sq. Ft.
County:Orange

Listing Agent/Office

Agent:Kimberly Bibb
Office:Villa Real Estate
Broker Phone:714-396-0185
Welcome to 1818 West Oceanfront, the Newport Beach Peninsula's ultimate beach house and an incredible investment. This is an opportunity to own the first two floors of this three story building. This six bedroom, four and a half bathroom, 3,600 sqft. residence is right on the sand with jaw dropping views of the coastline, Catalina Island, and both the Balboa and Newport Piers. This wonderfully functional beachfront home comes with a short term rental permit and proven rental income for the past eleven years. Spanning two floors, this unique rental is quite spacious with three ensuite guest bedrooms and the perfect floor plan for family gatherings or a week on the beach. Picture windows capture the breathtaking beach and ocean views as far as the eye can see. The upper level encompasses three bedrooms, a large living, kitchen, and family rooms, which all include areas for dining, entertaining, and lounging. The lower level has three bedrooms and two bathrooms, with a large living room/game room which opens to an enclosed patio to enjoy the active boardwalk lifestyle passing by. A tandem two car garage & two car carport with abundant storage completes this incredible beach compound. Seize the day and this toes-in-the-sand opportunity to purchase your dream home or investment opportunity at one of the finest beaches in the world! Just walking distance to Marina Park, the Newport Harbor, Lido Marina Village, Balboa and Newport Piers, great dining, shopping and more!

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:1818 W Oceanfront, Newport Beach, CA 92663
County:Orange
Zip Code:92663

Architecture

Year Built:1986
Stories:3
Building Area: 3677.0
Number of Buildings: 1
Total Units: 1
Stories Total: 3
Unit 1: 1 Unit • 6 Beds • 5 Baths • Furnished
Garage Spaces: 2.0
Carport Spaces: 2.0

Features / Amenities

Interior Features: Balcony, Furnished, Living Room Deck Attached, Open Floorplan, Bar, Walk-In Closet(s)
Appliances: 6 Burner Stove, Built-In Range, Barbecue, Convection Oven, Dishwasher, Freezer, Disposal, Microwave, Refrigerator, Range Hood
Fireplace Features: Gas, Living Room, Master Bedroom
Laundry: Inside, Laundry Room, Upper Level
Entry Location: 1
Common Walls: 1 Common Wall
Parking Features: Carport, Garage
Parking Total: 4.0
Heating: Forced Air

Rooms

Family Room
Kitchen
Laundry
Living Room
Office
Other

Property Features

Lot Size: 0.08 Acres / 3,300 Sq. Ft.
Waterfront: Ocean Access, Ocean Front
View: Catalina, Coastline, Ocean, Panoramic, Pier
Sewer: Public Sewer
Water: Public
Road Frontage: Alley
Directions:Balboa to West Oceanfront

Tax and Financial Info

Cap Rate: 1.4
Gross Income: $180,013
Gross Scheduled Income: $213,027
Cable TV Expense: $2,860
Electric Expense: $4,229
Insurance Expense: $4,289
Maintenance Expense: $4,396
Water/Sewer Expense: $2,399
Operating Expense: $194,054
Terms: Cash, CashtoNewLoan
Land Lease: No

Schools

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1818 W Oceanfront Newport Beach,  CA 92663
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1818 W Oceanfront Newport Beach, CA 92663
 
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Based on information from California Regional Multiple Listing Service, Inc. as of June 10, 2023. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.