506 E Oceanfront

$500,000 Price Reduction! Bring All Reasonable Offers for this Once in a lifetime opportunity! 506 E. Oceanfront is NOW available to add to your investment portfolio or utilize it for your primary residence (or both as its zoned as a Duplex). These assets are perfect for investors seeking to capitalize on Newport Beach's bustling rental market booming with potential. This property boasts not one, but TWO highly coveted, transferable, active Short-Term-Lodging permits approved with the city. Buyer to verify all details for their intents and purposes. Located in the heart of the Balboa Peninsula! Wake up and choose the Bike Path in front, the Volleyball Courts and just a short stroll away, Surf Shops, Restaurants, Markets, The Pier or enjoy the Sand and Pacific Ocean with plenty of parking for your guests. Not too many places along the California Coastline could offer this much opportunity. Current unit mix; Unit A 1333sf (approx), is a Three Bedroom Two Bath unit Permitted for up to 7 Occupants (buyer to verify) and Unit B 1676sf (approx), is a 4 bedroom 2 1/2 Bath unit Permitted up to 9 Occupants (buyer to verify). Imagine this serene retreat for yourself or guests! $500,000 Price Reduction 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!