James Melton
James Melton, California Value Group, Inc.Phone: (714) 318-4664
Email: [email protected]

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listing
1 of 63
MultifamilyFor Sale
$8,495,000
112 30th Street
Newport Beach, CA 92663
Listing Office: Engstrom Real Estate Group
MLS: California Regional MLS (CRMLS)
8Beds
7Baths
3,877Sq Ft
Est. Mortgage
$43,950/mo

OCEAN VIEWS FROM ALL 3 FLOORS! Located just steps from the sand on one of the peninsula’s most desirable double wide streets, this extremely rare 35 foot wide lot was masterfully designed to incorporate two units with no shared vertical walls. The spacious upper unit consists of the full 2nd and 3rd floors, offering 2,467 square feet of living space, five bedrooms, 4 full bathrooms and multiple patio spaces. Upon entering the home, you will be greeted by 10 ft. ceilings, a white brick open fireplace in the living room and fully pocketing Fleetwood sliding glass doors for an effortless transition between the great room and a 320 sq. ft. patio with firepit, BBQ and white water ocean views. Utilize the convenience of an elevator to access each floor, which includes a third-floor patio that consists of 300 sq. ft. of covered space with fireplace and 800 sq. ft. of uncovered patio space with firepit, 8 person jacuzzi hot tub and panoramic ocean and Catalina views. Enjoy the elegance and style of white oak flooring, custom oak cabinets and designer-appointed lighting, plumbing fixtures, tile and countertops throughout the home. The gourmet kitchen offers ample storage space and is fully equipped with a Sub-Zero/Wolf appliances including: fridge, freezer and wine fridge columns, oven, microwave and a separate Scotsman ice maker. An integrated Control4 audio visual system centrally controls separately zoned speakers and TVs throughout both the inside and outside of the home, ensuring seamless entertainment for you and your guests. The large primary suite features a fireplace, a spacious bathroom and a walk-in closet. Avoid the hassle of the typical condo tandem parking with a side-by-side two car garage dedicated to the upper unit. The lower unit offers the rare opportunity to have a handicap accessible 1,410 sq. ft., 3 bedrooms, and 3 bathrooms all on the ground floor. This unit provides a spacious great room with a Fleetwood sliding glass door that opens to a 300 sq. ft. patio with BBQ and ocean views. Parking for this unit includes a one car garage and covered carport. It has been used as a full-time rental (with short term permit), booked nearly year-round with countless 5 star reviews, and generates around $170,000+ per year. Whether you are looking for your own personal dream home, looking to maximize revenue, or something in between, this property offers the flexibility to tailor its use to suit your ideal scenario.

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Information courtesy of Engstrom Real Estate Group is subject to verification and is not guaranteed.
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