506 E Oceanfront
Newport Beach, CA 92661

  • – beds
  • – baths
  • – sqft
  • 2,614 sqft lot
  • 1973 build
  • on site

$500,000 Price Improvement! Bring All Reasonable Offers! 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!

California Regional MLS logo Listed By CRMLS_CA / David Holstein / The Holstein Group / 310-345-9994

Last checked: Checking… • Last updated Apr 30, 2024 •

MLS# SB24045420 —

This property is listed in more than one place. See it here.

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Sale history

Date Event Source Price % Change
4/29/24
Price Changed CRMLS_CA $5,995,000 -7.8%
3/5/24
Listed / Active CRMLS_CA $6,500,000

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$5,995,000

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Listing provided by broker:

David Holstein

The Holstein Group

310-345-9994

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This multifamily located in Balboa Peninsula Point, Newport Beach, CA 92661 is currently for sale for $5,995,000. 506 E Oceanfront is a – square foot multifamily with – beds and – baths that has been on Estately for 68 days. 506 E Oceanfront is in the Balboa Peninsula Point neighborhood of Newport Beach and has a WalkScore® of 75, making it very walkable. This multifamily is in the attendance area of Newport Elementary School, Ensign Intermediate School, and Newport Harbor High School.

California Regional MLS logo Listing Courtesy of: CRMLS_CA and The Holstein Group. Based on information from California Regional Multiple Listing Service, Inc. as of 00:00 on May 12.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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