2202 W Oceanfront, Newport Beach, CA 92663
Fourplex · 2 recorded sales since 2015
Sold September 2021
Listing Agent: Tim Smith (DRE #01346878) · Listing Office: Coldwell Banker Realty · Contact: 949-644-1600 · Bought with: Tim Smith · Coldwell Banker Realty · MLS #NP21205982 · Source: CRMLS
About this fourplex
Situated directly in front of Blackies surf break with views of the Newport Pier, crashing waves, and Catalina Island, this oceanfront quadruplex with garage parking for 4-cars presents a rare investment opportunity for stable, long-term income as well as short-term lodging income. Thoughtfully designed, the beautiful upper units, (1) 2BR/2BA and (1) 1BR/1BA, can be combined for a 3BR/2BA unit to accommodate larger groups and earn premium rates. Fit with quality stainless steel appliances, a marble fireplace, cherry-wood cabinets, teak flooring and voluminous ceilings, the ocean-facing upper unit is an attractive residence for a homeowner or luxury vacationers alike. A spacious sundeck with built-in barbecue and bar-top offers the coveted indoor-outdoor lifestyle and a private retreat to watch passerby, sunsets, and surfers challenging the waves. Each upper unit comes with in-unit laundry and has been recently refurnished (2020), painted, and permitted for short-term lodging, while the (2) 1BR/1BA lower units share laundry in the garage and showcase new vinyl flooring. Additional highlights include one new garage door and track as well as a gated courtyard entry. Given its highly desirable location and luxe accommodations at the center of Newport’s cultural attractions, the income potential for this performing asset reveal a sound investment.
Listing description from the September 2021 sale, as reported to CRMLS.
Sale history
