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Listing 15 out of 108
$5,890,000 For Sale

924 E Oceanfront
Newport Beach, CA 92661

1 unit | Multi Family Home
2187 sq ft - MLS# OC18105723
Property Photo
1/23

Description

**This property is Short Term Rental Approved and Permitted and currently generating $1500 to $2500 PER NIGHT of income in all months of the year. lots of dates already booked for the whole year** Amazing income generating investment Perfect for part time owner use/short term rental investment. Showcasing a prime Brand New construction by award-winning and well known Builder SC Custom Homes & Architect Ian Harrison. This ultra modern and luxury beachfront masterpiece offers panoramic water and coast line view from nearly every room. Contemporary and chic open floor plan to include every modern convenience desirable to give you an ultimate 5 star resort home feeling throughout. 3 bedrooms plus a loft, 4.5 baths, (every room including the loft has its own full bath and balcony access with view) over-sized 2 car attached garage and blocked alleyway that allows 2 extra car parking outside (this is a great future in Newport Beach), ample storage space and slide-away glass doors creates an unobstructed view from both living room and 2nd level master bedroom. 3rd floor entertainment loft connects you to a large size rooftop with Wolf BBQ set up, seating area for day and night entertainment with breathtaking white water, harbor, Newport bay, famed surf spot The Wedge, Catalina Island, city skyline and stunning sunset views. This remarkable beachfront estate has it all. You Have both Beautiful Ocean view and Fantastic Bay View in this house. One of a kind.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • New Construction: Y
  • Listing Status: Active
  • Zip Code: 92661
  • Year Built: 2018
  • Subdivision/Neighborhood: Balboa Peninsula (Residential) (Balp)
  • Style: Custom Built
  • Stories: Three Or More
  • Units: 1 unit
  • # of Parking Spaces: 2.00
  • Fireplace: Living Room, Yes
  • Lot Size: 2187 sq ft
  • Accessibility: Parking
  • View: See View Details
  • Waterfront: Beach Access,Beach Front,Ocean Access,Ocean Front
  • Area: NP - Balboa Peninsula
  • Appliances: 6 Burner Stove, Barbecue, Dishwasher, Electric Water Heater, Energy Star Appliances, Energy Star Water Heater, Freezer, Garbage Disposal, Gas Oven, Gas Stove, Grill, High Efficiency Water Heater, Instant Hot Water, Microwave, Refrigerator, Self Cleaning Oven, Tankless Water Heater
  • Appliances YN: Yes
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Builder Name: SC Custom Homes
  • Building Area Total: 2407.00
  • Building Area Units: Square Feet
  • Community Features: Suburban
  • Country: US
  • Directions: Cross Street: E Balboa / B Street
  • Electric: 220V for Spa, 220V In Garage, 220V In Kitchen, 220V In Laundry, Standard
  • Electric Expense: 1250.00
  • Flooring: Laminate, See Remarks, Tile
  • Fuel Expense: 600.00
  • Garage Spaces: 2.00
  • Gross Income: 480000.00
  • Gross Scheduled Income: 480000.00
  • Heating: Central Furnace
  • Heating YN: Yes
  • Inclusions: All Furniture are included
  • Insurance Expense: 2151.00
  • Interior Features: Balcony, Furnished, Granite Counters, High Ceilings (9 Feet+), Intercom, Open Floor Plan, Pantry, Recessed Lighting, Stone Counters, Storage Space, Wired for Data, Wired for Sound
  • Laundry Features: Individual Room, Inside
  • Laundry YN: Yes
  • Listing Agent License: 01708370
  • Listing Office License: 01839955
  • Lot Features: No Landscaping, Sprinkler System
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 409219.00
  • New Taxes Expense: 65000.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number With Disposal: 1
  • Number With Patio: 4
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Operating Expense: 70781.00
  • Parking Features: Direct Garage Access, Driveway - Asphalt, Garage, Garage - Rear Entry, Garage - Two Door, Garage Door Opener, Oversized, Private, See Remarks
  • Parking YN: Yes
  • Room Type: All Bedrooms Up, Bonus Room, Kitchen, Laundry, Living Room, Loft, Master Bathroom, Master Bedroom, Master Suite, Multi-Level Bedroom, Office, See Remarks, Walk-In Closet, Walk-In Pantry
  • Stories Total: 3
  • Total Expenses: 70781.00
  • Trash Expense: 1200.00
  • Utilities: Natural Gas Available, Sewer Available, Sewer Connected, Water Available, Water Connected
  • View Details: Bay,Catalina,City Lights,Coastline,Neighborhood,Ocean,Panoramic,Pier,See Remarks,Water,White Water, Yes
  • Water Sewer Expense: 580.00
  • Water Source: Public
  • Window Features: Double Pane Windows, Energy Star Windows, Skylights
  • Year Built Source: Builder
Courtesy of Binesh Realty Group, Nick Binesh

Agent Mary Lou Skowronski
Mary Lou Skowronski DRE: 01398486 / Broker DRE: 01317331
Berkshire Hathaway HomeServices California Properties
1400 Newport Center Drive, #200 - Newport Beach, CA 92660

© “2018” BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate,and a franchisee of  BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of  America, Inc.® Equal Housing Opportunity. Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC.  BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property,  Information obtained from various sources and will not be verified by broker or MLS. 

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Designations Ranks Agent Mary Lou Skowronski in the
Top 7% of Realtors Nationwide!
NABPOP BPO Certified Property Valuator, CPRES Certified Probate/Trust Real Estate Specialist, Investor Certified Realtor, ePRO – Internet Marketing Professional, 
Luxury Property Specialist, AREAA – Asian Real Estate Association of America, Designer and Accredited Home Staging Specialist,
REO and Short Sale Specialist, PSC Mastery HAFA Foreclosure Prevention Counselor

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