4005 Seashore Newport Beach, CA $ 11,695,000
4005 Seashore
$ 11,695,000
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4005 Seashore

Newport Beach, CA, 92663
$ 11,695,000
Bedrooms5 Baths3.0 Sq 3,032

Monthly Estimate*

$ 81,693

Listed by Compass
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Multi-Family Home for sale in Newport Beach, CA

for $11,695,000 with 5 bedrooms and 3 full baths. This 3,032 square foot home was built in 1963 on a lot size of 0.0572.

Featuring TWO highly coveted SHORT TERM RENTAL PERMITS, this oceanfront duplex in Newport Beach offers exceptional income opportunities on the coast of Southern California. Located directly on the beach with no boardwalk between the property and the sand, the two-story design welcomes stunning ocean, beach and shoreline views from both levels. The lower-level residence features three bedrooms and 2 baths, while the second-floor unit boasts five bedrooms and 3 baths. Guests will enjoy walking out to a large beachfront patio downstairs and a spacious ocean-view deck on the top floor. Both units are open and bright, and they showcase upgrades including wood-look wide-plank tile flooring, crown molding and granite bath surrounds. Fashionable kitchens display quartz countertops, peninsulas with waterfall-style edges, stainless steel appliances and white Shaker cabinetry. Property also comes with coastal approved plans for a third floor roof deck addition. The duplex’s outstanding location is destined to be a big attraction for short-term renters. Not only is it directly on the sand, it is close to Lido Marina Village, Fashion Island, golf, parks and world-famous surf spots.

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Multi-Family Active

Price

$ 11,695,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

Duplex

Lot Size

0.0572

Year Built

1963

Town/City

Newport Beach

County/Region

Orange

MLS | Web ID

OC24076294

Days on Market

14

Features
General
Sewer PublicSewer
Heating Central
Cooling None
Appliances GasRange Refrigerator
HOA 0.0
Garage Spaces 2.0
Pool Features None
Year Built 1963
Property SubType Duplex
Gross Income 550000.0
Waterfront Features BeachAccess BeachFront OceanAccess OceanFront
Community Features WaterSports
Accessibility Parking
County Orange
Net Operating Income 300000.0
Operating Expense 250000.0
Insurance Expense 5000.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name Balboa Peninsula (Commercial) (BPCD)
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions 40th to Seashore
City Newport Beach
Entry Location 1
View Y/N N
Senior Community Y/N N
Open Parking Spaces 1.0
Total Units 2
MLS Area NP - Balboa Peninsula
Lot Size Square Feet 2490.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Seashore
Listing Terms Cash CashtoNewLoan
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 7600.0
Home Warranty Y/N N
Fuel Expense 800.0
Trash Expense 600.0
Water Sewer Expense 1800.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://first-class-production.aryeo.com/videos/018f128e-5ab0-7352-9554-631d32cc1d0e
Days on Market 13
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 3
Property Sub Type Additional Duplex
Taxes 117000.0
Cap Rate 2.57
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Interior
Flooring Laminate
Fireplace Features FamilyRoom
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N Y
Laundry Features InGarage
Entry Level 1
Electric On Property Y/N N
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Exterior
Lot Features RectangularLot
Water Source Public
Total Parking 3.0
Lot Size Area 2490.0
Number of Buildings 1
Spa N
Building Area Total 3032.0
Lot Size Acres 0.0572
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 2
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 4005
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* Excluded Features
List By
Compass

Broker

(949) 500-3910

Phone

Affordability Calculator

$81,693
Per Month
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Monthly Principal & Interest
$81,693
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/18/2024$11,695,000 Listed Price

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4005 Seashore, Newport Beach, CA, 92663 is a Multi-Family Home for sale at $11,695,000 with 3,032 sqft and a lot size of 0.0572. 4005 Seashore has 5 bedrooms, 3.0 baths, and was built in 1963. The property's zip code is 92663 which is in Newport Beach, CA