900 East Oceanfront

Newport Beach, CA 92661

$6,648,335
Last Sold Price
12
Beds
12
Baths
5,850 Sq. Ft.
$1,136 / Sq. Ft.
5,850
Sq. Ft.
$1,136
per Sq. Ft.

Description

SIX UNITS ON THE OCEANFRONT - Here is your chance to operate what could be in effect an oceanfront hotel on the Balboa Peninsula! Six 2 bedroom 2 bath units on the boardwalk, with Balboa Park, sand and ocean straight ahead, and the shopping, dining and activities of Balboa Village just a block away. Each unit has 1 car parking on the carport. Currently a mix of short term and long term rental units. Huge room for revenue improvement as well - with some cosmetic and furniture upgrades, current income...SIX UNITS ON THE OCEANFRONT - Here is your chance to operate what could be in effect an oceanfront hotel on the Balboa Peninsula! Six 2 bedroom 2 bath units on the boardwalk, with Balboa Park, sand and ocean straight ahead, and the shopping, dining and activities of Balboa Village just a block away. Each unit has 1 car parking on the carport. Currently a mix of short term and long term rental units. Huge room for revenue improvement as well - with some cosmetic and furniture upgrades, current income could vastly increased. Inquire with agent as to pro forma options. - SIX UNITS ON THE OCEANFRONT
  1. Listed by Art White • DRE #01905655 • Brokerage DRE #00846638 • White Sail Realty
  2. Listed by Pamela White • DRE #00846638 • Brokerage DRE #00846638 • White Sail Realty

Property Details for 900 East Oceanfront

Architectural Style
See Remarks
View
Catalina, Ocean, Water
Parking Spaces Total
8
Private Pool
No
Cooling Type
N/K
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor

Location

Listing Courtesy of White Sail Realty, Art White, DRE #01905655; White Sail Realty, Pamela White, DRE #00846638

Sold By Entrance Homes, Inc., George Ragheb, DRE #01402718

Add your commute
LISTING UPDATED: 12/02/2020 07:02 AM

Property Details for 900 East Oceanfront

StatusClosed
MLS #NP19257387
Days on Market362
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1971
CountyOrange County

Location

Listing Courtesy of White Sail Realty, Art White, DRE #01905655; White Sail Realty, Pamela White, DRE #00846638

Sold By Entrance Homes, Inc., George Ragheb, DRE #01402718

Add your commute

Building Information for 900 East Oceanfront

Building/Complex900 E OceanfrontFloor-Stories2Residences-Pet Policy-Year Built1971Building Size-

Payment Calculator

$42,309 per month

30 year fixed, 7.25% Interest

Principal and Interest

$36,283

Property Taxes

$6,026

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 900 East Oceanfront

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $244,030
  • Net Operating Income: $0
  • Financing: Owner Carried
Expense Details
  • Operating Expense: $0
  • New Taxes Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Block: 14
  • Tax Tract Number: 104
  • Tax Census Tract: 628.00
  • Tax Lot: 15
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Community Features: Curbs, Gutters, Watersports, Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Barbecue, Dishwasher, Electric Oven, Electric Range, Electric Cooktop, Microwave, Range Hood, Refrigerator
  • Equipment: Barbeque, Dishwasher, Electric Dryer Hookup, In Carport, Microwave, Refrigerator
  • Interior Features: Furnished, Granite Counters, High Ceilings, Open Floorplan
  • Room Type: Living Room, Master Bathroom, Master Bedroom
  • Bedroom Features: Master Bedroom
  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, In Carport, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
  • Flooring: Tile
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Card/Code Access, Smoke Detector(s)
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Exterior Features: Lighting, Rain Gutters
  • Roof: Composition
  • Fence: Yes
  • Fencing: Stone
  • Foundation Details: Slab
  • View Description: Catalina, Ocean, Water
  • Waterfront Features: Beach Access, Beach Front, Ocean Access, Ocean Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre, Park Nearby
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: Alley
  • Levels: Two
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Not Available, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Uncovered Spaces: 0
  • Open Other Spaces Total: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 8
  • Parking Features: Attached Carport
Property / Structure Info
  • Builders Tract Name: Balboa Peninsula (BALP)
  • Builders Tract Code: Balboa Peninsula (Residential) (BALP)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $41,945
  • Unit Type Total Rent: $3,495
  • Unit Type Pro Forma: 7000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $33,639
  • Unit Type Total Rent: $2,803
  • Unit Type Pro Forma: 6000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $41,100
  • Unit Type Total Rent: $3,425
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $48,002
  • Unit Type Total Rent: $4,000
  • Unit Type Pro Forma: 7000
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $38,244
  • Unit Type Total Rent: $3,187
  • Unit Type Pro Forma: 6000
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $41,100
  • Unit Type Total Rent: $3,425
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Number With Carpet: 0
  • Number With Disposal: 6
  • Number With Drapes: 6
  • Number With Patio: 6
  • Number Wall AC: 0

Property History for 900 East Oceanfront

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 900 East Oceanfront

Taxable ValueLand$6,345,570Additions$404,430Total$6,750,000
Tax Record2023$72,309 ($6,026 / month)
Home Facts
Total Finished SqFt5,855 SqFtAbove Grade Finished SqFt5,855 SqFtStories2Lot Size6,627 SqFtStyleMulti-Family Res (5+ Units)Year Built1971CountyORANGEAPN048-143-27

Schools near 900 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.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of White Sail Realty, Art White, DRE #01905655; White Sail Realty, Pamela White, DRE #00846638

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.