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    400 E Oceanfront

    Newport Beach, CA 92661
    • $5,750,000
    • STATUS: Pending
    • ON SITE: 229 days
    • ID#: P1-1051
    Pending
    UPDATED: 131 min ago
    $5,750,000
    • 7
      BEDS
    • 0.07
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 3,166
      SQFT
    • $0
      $/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 $431K for all 3 units and net operating income of $251K (4.38% cap rate). Visit www.400oceanfront.com for more info.

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    Based on information from CRISNet MLS as of 2021-04-18T23:56:00.14. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR 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. 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.

    Based on information from the i-Tech MLS as of 2021-04-18T23:56:00.14. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/109596284
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    400 E Oceanfront Newport Beach, CA 92661

    • Price: $5,750,000
    • Status: Pending
    • Updated: 131 min ago
    • ID#: P1-1051
    7
    Beds
    6
    Baths
    0
    ½ Baths
    0.07
    Acres
    3,166
    SQFT
    $0
    $/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 $431K for all 3 units and net operating income of $251K (4.38% 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 Levels Two Lot Features Corner LotRectangular LotSprinklers None Parking Features None Parking Total 3.00 Parking YN No Patio And Porch Features DeckPatioPatio OpenTile Patio YN Yes Roof Composition Sprinklers YN No 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 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 Laundry YN Yes Rooms Family RoomKitchenLiving RoomMain Floor BedroomMain Floor Master BedroomMaster BathroomMaster BedroomMaster Suite

    Property Features

    Additional Parcels YN No Community Features BikingFishingSidewalksWatersports Inclusions All Furnishings included Land Lease YN No Lease Considered YN No Lot Size Area 2946.0000 Lot Size Units Square Feet Number Of Units In Community 1 Pool Features None Pool Private YN No Property Attached YN No Property Condition TurnkeyUpdated/Remodeled Property Sub Type Triplex Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Spa Features None Spa YN No Special Listing Conditions Standard Structure Type Triplex Subdivision Name Other Other Water Source Public

    Listing provided courtesy of Richard Marquis, CA DRE# , of Secured Realty Group.


    Based on information from CRISNet MLS as of 2021-04-18T23:56:00.14. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR 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. 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.

    Based on information from the i-Tech MLS as of 2021-04-18T23:56:00.14. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377