400 E Oceanfront, Newport Beach, CA 92661

Property Description

Welcome to Casa al Mare! Incredible attention to detail is the only way to describe this unique California Modern oceanfront Triplex located between the Newport and Balboa Piers in one of Southern California's most desired stretch of shoreline in Newport Beach. This meticulously restored and maintained investment property by interior designer Ron Gucciardo comes 'fully-furnished' and includes such luxury brand names as Viking, Tommy Bahama, and Calvin Klein. Enjoy living in one of these luxurious units and renting out the other 2 units. Stunning Pacific Ocean, Catalina, and Sunset views.Stackable washers and dryers are included in each unit and the immaculate 3 car garage contains a separate laundry room to handle weekly or monthly turnover of rental units. The garage also houses 3 Noritz tankless water heaters, one for each unit, as well as a Life Source Water Filtration System to provide filtered water for the entire property. Finally, each unit also comes with a Viking Stainless Steel Barbeque for outdoor use.Just minutes from the Balboa Island Ferry, Fun Zone, the Wedge and world-class shopping and dining. Also located steps away from public parking to accommodate guests. The property is situated on a corner lot, with easy access to and from the property on a wide access walkway. Pro-forma gross income of $431K for all 3 units and net operating income of $251K (4.38% cap rate). Visit www.400oceanfront.com for more info.