Prime oceanfront location.Unique Building Opportunity! Panoramic White Water, Catalina and Coastline Views from This Newport Beachfront property. Steps to Sand and Surf! Beautiful oceanfront triplex on extra deep 25 X 106 lot in excellent location, backs to Seashore, fronts the boardwalk. This property,R2 zoned per the city of Newport Beach enables larger building envelope. This property is conveniently located within walking distance to the pier and shopping. One of the best values on the oceanfront, this property is perfect for someone who want to build a large house or two condos. Sell one and live on the beach for less! All units are currently rented. Larger one bedroom house in front, back has an upstairs unit of 2 bedroom, 1 bath with living room, kitchen and large balcony for summer BBQ's, lower unit is studio with a kitchenette. 2 oversized garages for your storage. Great courtyard area in the center for summer entertaining. Projected rental income is $80,400 for the year.
