Bunny Maxim

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Rare legal oceanfront Triplex in highly desired, central oceanfront location on the boardwalk between the two piers was recently remodeled in 2020. Excellent income history with proven track record and immaculate condition. Live in one unit and offset costs by renting the other 2! Stunning unobstructed "sit-down" ocean, Catalina and sunset views from the 2 front units. Recent upgrades include new interior and exterior paint in all units, remodeled kitchens, new tiled bathrooms with seamless glass showers, double sinks and quartz countertops. All 3 units are 2 bedroom and 1 bath. Unit A is the upper oceanfront unit that sleeps 7 with vaulted beam ceilings throughout, Great Room with walls of glass to the ocean, brick fireplace, wood floors, open kitchen with breakfast bar and new quartz countertops in kitchen and bathroom. Unit B is the lower oceanfront unit that sleeps 6 and features a private front patio w/ sliding door, brick fireplace, open kitchen, dining nook, breakfast bar, gas cooktop, new quartz countertops and tile backsplash in remodeled kitchen and bathroom. Unit C is the lower back unit that sleeps 6 and does not face the ocean. Nicely remodeled with tile and wood floors, beam ceiling, crown molding, open floor plan, remodeled kitchen and bath. Each unit has access to a 1 car garage and shared laundry. Pro-forma gross income of $376K and net income $200K (3.4% Cap rate). All furnishings included. Close proximity to Marina Park, Balboa Fun Zone and 20+ restaurants.

Property Details

Price:
$5,995,000
MLS #:
OC20142121
Status:
Active
Beds:
6
Baths:
3.00
Address:
1514 W Oceanfront
Type:
Single Family
City:
Newport Beach
Listed Date:
Jul 17, 2020
State:
CA
Square Ft (approx):
2,800
ZIP:
92663
Subdivision:
Balboa Peninsula (Residential) (BALP)
Lot Size:
3,049 sqft / 0.07 acres (approx)
Year Built:
1957

Schools

Elementary School:
Newport
Middle School:
Ensign
High School:
Harbor

Interior

Accessibility Features
None
Appliances
Dishwasher, Electric Cooktop, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator
Cooling
None
Fireplace Features
Living Room
Flooring
Laminate, Tile, Wood
Heating
Electric
Interior Features
Beamed Ceilings, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Crown Molding, Furnished, Granite Counters, High Ceilings, Open Floorplan, Recessed Lighting, Stone Counters, Storage
Window Features
Custom Covering

Exterior

Community Features
Biking, Fishing, Park, Watersports, Storm Drains, Street Lights
Fencing
Wood
Garage Spaces
3.00
Lot Features
Level with Street, Rectangular Lot, Park Nearby, Walkstreet
Parking Features
Built- In Storage, Garage, Garage – Three Door, No Driveway
Pool Features
None
Roof
Composition
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
Catalina, Coastline, Ocean, Panoramic, Pier, Water, White Water
Water Source
Public

Financial

Association Fee
0.00
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

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1514 W Oceanfront
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When you think of Real Estate, think of Bunny Maxim and Expect the Best!

We specialize in Residential, Commercial, Lots/Land and Investment Property in the Central Coast of California including the following areas:

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  • Orcutt
  • Los Alamos
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  • Solvang
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Orcutt, CA 93455

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Pismo Beach, CA 93449

(805) 878-0807

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