506 East Oceanfront
506 East Oceanfront
$6,500,000
7
6
3,044
3,044
$2,135
Description
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,...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!
- Listed by David Holstein • DRE #01210777 • Brokerage DRE #01210777 • The Holstein Group • 310-345-9994
Property Details for 506 East Oceanfront
View
Ocean, Pier, Water, White Water
Parking Spaces Total3
Private PoolNo
Total Units2.0
Building TypeAttached
Lot Size SourceAssessor
Living Area3044
Assessor Parcel Number048-122-10
Location
LISTING UPDATED: 03/19/2024 10:53 AM
Property Details for 506 East Oceanfront
Status | Active |
---|---|
MLS # | SB24045420 |
Days on Market | 55 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1973 |
Lot Size | 0.06 AC / 2,614 SF |
County | Orange County |
Location
Building Information for 506 East Oceanfront
Stories2Residences-Year Built1973Building Size-Lot Size0.06 AC / 2,614 SF
Payment Calculator
$36,321 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 506 East Oceanfront
Property History for 506 East Oceanfront
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 506 East Oceanfront
Taxable ValueLand$693,949Additions$225,947Total$919,896
Tax Record2023$10,181 ($848 / month)
Home Facts
Total Finished SqFt3,044 SqFtAbove Grade Finished SqFt3,044 SqFtStories2Lot Size2,565 SqFtStyleDuplexYear Built1973CountyORANGEAPN048-122-10
Schools near 506 East Oceanfront
This home is within Newport-Mesa Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 12 |
Rating | School | Distance |
---|---|---|
Newport Elementary School PublicK to 6 | ||
Horace Ensign Intermediate School Public7 to 8 | ||
Newport Harbor High School Public9 to 12 | ||
Monte Vista High School PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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