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2212 W Oceanfront
Newport Beach, CA 92663
Multifamily Property For Sale · 2 Units

Investment Highlights

  • Positioned steps from sand with panoramic Ocean, Catalina Island, and pier views
  • Remodeled with a new roof and updated interiors featuring modern finishes
  • Near Lido Village, Newport Pier, Balboa Pier, Restaurants, Shopping and Entertainment
  • Potential future upside with zoning allowing for a third level and/or mixed-use configuration subject to city approval and Buyer verification
  • Possible Short Term Lodging with Short Term Lodging Permit

Executive Summary

Experience oceanfront living on the Balboa Peninsula with this duplex ideally positioned just steps from the sand in Newport Beach. With amazing Catalina Island, Ocean, and Pier views, along with Coastal breezes and a highly walkable location, the property provides convenient access to nearby Lido Village, the Newport Pier, Balboa Pier, Balboa Fun Zone, Balboa Island Ferry, waterfront dining, shopping, and local coastal attractions. This area is positioned among the closest residential neighborhoods to the ocean on the Peninsula.
The property also presents potential future upside with zoning allowing for a third level and/or mixed-use configuration, subject to city approval and Buyer verification. Also appealing to investors seeking short-term lodging opportunities, subject to required permits, and currently represents one of the most attractive price-per-square-foot opportunities among oceanfront residential income properties on the Peninsula.
Remodeled with a new roof and updated interiors featuring modern finishes, the residence offers a flexible layout suited for personal use, rental income, or a combination of both. Large windows and sliding glass doors bring in abundant natural light while capturing water and pier views from multiple living areas. Outdoor spaces include a balcony on each level and a private rear patio designed for indoor-outdoor entertaining.
First Floor Unit: Open-concept living area with kitchen and balcony, featuring 3 bedrooms and 2 bathrooms.
Second Floor Unit: Open-concept living area with kitchen, balcony, and rear patio, featuring 2 bedrooms and 3 bathrooms.
Each unit includes an attached garage, additional parking space, indoor laundry, and storage.
Nearby amenities include surfing, paddleboarding, boating, yacht charters, biking paths, Fashion Island, Crystal Cove State Park, and the vibrant Newport Harbor lifestyle. Whether used as a second home, income property, or long-term investment, this duplex offers a rare opportunity in one of the Peninsula’s most desirable oceanfront locations. Rear Patio furniture and third-level addition shown are renderings for illustration purposes only.

Property Facts

Price Per Unit $3,983,946 CAD
Sale Type Investment
No. Units 2
Property Type
Multifamily
  • General Retail Storefront Retail/Residential
  • Multifamily Apartments
  • Office Office Residential
Lot Size 0.07 AC
Building Size 3,050 SF
No. Stories 2
Year Built/Renovated 1965/2020
Zoning Mixed-Use Water - Mixed-Use Water - potential future upside with zoning allowing for a third level and/or mixed-use configuration, subject to city approvals. Short Term

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
5+5 2 - 1,500

Property Taxes

Property Taxes

Parcel Number
047-143-27
Land Assessment
$4,056,887 CAD
Improvements Assessment
$237,733 CAD
Total Assessment
$4,294,620 CAD
  • Listing ID: 40558257

  • Date on Market: 2026-05-16

  • Last Updated:

  • Address: 2212 W Oceanfront, Newport Beach, CA 92663

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