402 E Oceanfront, Newport Beach, California 92661, Newport Beach, - bed, bath

home-pic
ACTIVE$7,498,880
402 E Oceanfront, Newport Beach, California 92661
7Beds
4Baths
2,808Sqft
2,614Lot
Year Built
1972
Close
-
List price
$7.5M
Original List price
$9.49M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV25027496
Home ConditionGood
Features
Excellent View: Catalina, Neighborhood, Ocean, Pier, Water
Deck
Patio
ViewCatalina, Neighborhood, Ocean, Pier, Water

About this home

Nestled directly on the sand, this stunning duplex at 402 E Oceanfront St in Newport Beach offers an unparalleled coastal lifestyle. With sweeping ocean views and immediate access to the beach, this property is a rare gem in one of Southern California’s most coveted locations. Enjoy the sound of crashing waves and the fresh sea breeze right from your doorstep. The first unit features 3 spacious bedrooms and 2 beautifully updated bathrooms, providing an ideal setting for relaxation and comfort. The second unit offers 4 generously sized bedrooms and 2 baths, making it perfect for larger families or as an additional rental opportunity. Both units boast open-concept living areas, large windows that flood the interiors with natural light, upgraded plumbing throughout, and modern kitchens equipped with high-end appliances, all while offering spectacular views of the Pacific. Just a short stroll away is the iconic Balboa Fun Zone, where you’ll find an array of family-friendly activities, local shops, and vibrant dining options. Whether you’re looking to relax by the waves, take a ride on the Ferris wheel, or indulge in fresh seafood at nearby restaurants, this duplex offers the perfect blend of tranquility and adventure. This property is perfect for anyone seeking a slice of coastal paradise in the heart of Newport Beach. With its prime location, oceanfront access, and proximity to the Balboa Fun Zone, it’s an incredible opportunity for both personal enjoyment and investment.

Nearby schools

9/10
Newport Elementary School
Public,PK-61.0mi
7/10
Horace Ensign Intermediate School
Public,7-81.3mi
7/10
Newport Harbor High School
Public,9-121.6mi
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (3 Listings)
Beds70
0%
Baths40
0%
Square foot2,8080
25%
Lot Size2,6142,832
50%
Price$7.5M$2.7M
75%
Price per square foot$2,671$746.5
75%
Built year19729760978
100%
HOA
Days on market272207
75%
Condition Rating
Good

This duplex, built in 1972, has undergone extensive and high-quality renovations, making it move-in ready with no immediate updates required. The description highlights 'beautifully updated bathrooms,' 'modern kitchens equipped with high-end appliances,' and 'upgraded plumbing throughout.' Images confirm modern white shaker-style cabinets, stone countertops, and stainless steel appliances in the kitchen, along with updated vanities, stone tops, and contemporary tiling in the bathrooms. Hardwood flooring is consistent throughout the living areas and bedrooms. All visible components appear to be in excellent condition with minimal wear and tear, meeting current quality standards. While the original build year is older, the comprehensive and stylish updates align perfectly with the 'Good' category's criteria for properties extensively renovated within the last 5 to 15 years, ensuring major systems are functional and well-maintained.
Pros & Cons

Pros

Direct Oceanfront Location: Nestled directly on the sand with immediate beach access, offering an unparalleled coastal lifestyle in a highly coveted Newport Beach location.
Sweeping Ocean Views: Boasts spectacular, sweeping ocean views of the Pacific from both units, enhancing the property's appeal and value.
Duplex Configuration & Income Potential: As a duplex, it provides versatility for larger families or significant income potential as an additional rental opportunity.
Proximity to Balboa Fun Zone & Amenities: Located just a short stroll from the iconic Balboa Fun Zone, offering convenient access to family-friendly activities, local shops, and vibrant dining.
Updated Interiors: Both units feature beautifully updated bathrooms, upgraded plumbing throughout, and modern kitchens equipped with high-end appliances, ensuring move-in readiness.

Cons

Property Age: Built in 1972, while some updates are noted, the underlying structure's age may imply potential for older systems or components not explicitly mentioned as upgraded.
Significant Price Reduction: The property has undergone a substantial price reduction from its original list price, which could raise questions for potential buyers regarding its market history or initial valuation.
Small Lot Size: With a lot size of 2614 sqft, it is relatively small for a duplex in this high-value area, potentially limiting outdoor space or future expansion options.

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