Description

1628 W. Oceanfront presents an opportunity to own a “one of a kind” property located on the prestigious Balboa Peninsula. Ideally located on the oceanfront in between the Balboa Pier and Newport Pier, the property is set up as a boutique hotel offering a variety of rooms to rent. Current unit set up is (7) studios, (2) 1 bed / 1 bath units, and (2) 2 bed / 1 bath units with 4 of them having ocean views. All units have been recently renovated and each one has their own unique design and detail. Upgrades include quartz countertops, new cabinetry, vinyl flooring, custom tiled showers, recessed lighting, recently painted exterior, and dual pane windows throughout. The property sits on an oversized 35 foot wide corner lot and offers an impressive 9 STR permits that can be transferred to the new owner. Continue renting on a short term basis or keep as a family compound. Guests enjoy close proximity to Marina Park, McFadden Square, Balboa Fun Zone, Newport/Balboa Piers, fine dining, and offers some of the best ocean views Newport Beach has to offer. This is truly a once in a lifetime generational opportunity that you will not find anywhere else in Newport Beach.