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$ 9,900,000
Est. payment /mo
Price Dropped by $300K
5901 Seashore Drive Newport Beach, CA 92663
6 Beds
2,700 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Balboa Peninsula (Residential) (
MLS Listing ID SB25186431
Bedrooms 6
Lot Size 2,700 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
ORIGINAL LIST PRICE $10,900,000, NOW...$9,900,000, ONE OF ONLY 2 OF THE FINEST OCEAN FRONT CORNERS IN WEST NEWPORT, PROVIDES ALL DAY SUN FROM THE LARGEST LOT ON QUIET, UNCROWDED WHITE SAND NON-BOARDWALK BEACH, WITH SPECTACULAR PANORAMIC OCEAN/COASTLINE VIEWS FROM THE NEWPORT PIER TO PT. FERMIN IN FRONT WITH NO HOMES BEHIND. IMPROVED WITH 2 OCEAN FRONT MID-CENTURY NATURAL LIGHT FILLED CONTEMPORARY UNITS (CAN'T BE DUPLICATED). UPPER: 3 BEDROOMS, 1-3/4 BATHS, FAMILY ROOM, LARGE DECK, BREATHTAKING VIEWS; KITCHEN, BATH REMODELS NOT COMPLETED; PROFORMA $13,000/MO, LOWER: 3 BEDROOMS, 1-3/4 BATHS FRONT PATIO/YARD, OCEAN VIEWS.TENANT OCCUPIED, $6,675/MO., 3 CAR GARAGE (CAN'T BE DUPLICATED), AND 3/4 BEACH BATH. POTENTIAL: COMPLETE UPPER UNIT KITCHEN, BATH RENOVATIONS, ENJOY AS IS. RENOVATE FOR USE AS A DUPLEX OR A SINGLE-FAMILY RESIDENCE WITH ADU. CONVERT OWNERSHIP TO TENANT IN COMMON (TIC) WHICH CREATES SEPARATE UNDIVIDED PERCENTAGE OWNERSHIP INTEREST FOR UPPER AND LOWER UNIT THAT CAN BE INDIVIDUALLY BOUGHT AND SOLD. BUILD A WORLD-CLASS HOME PERFECTLY LOCATED "FRONT ROW" ON THE OCEAN TO ALL THE WONDERFUL EXPERIENCES NEWPORT BEACH HAS TO OFFER.
Location
State CA
County Orange
Zoning Assessor
Direction Balboa Bl. to 46th St. to Seashore Dr., Rt to 59th St.
Interior
Heating Forced Air Unit
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 04510405
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition NOD Filed/Foreclosure Pnd
Listed by Robert Schumann Real Estate West, Inc.
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