2 months on rocket

1408 W Oceanfront, Newport Beach, CA, 92661

$7,495,000

8 Bedrooms
4 Full Baths
2,500 SqFt
$2,998/SqFt
Multi

Location

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Property Highlights

Home TypeTriplex
ParkingAttached Carport, Public
Year Built1947
CoolingNone
WaterfrontBeach, Ocean Front
FireplaceNone
ViewIsland, Other, Ocean, Panoramic, Water
MLS #IV24154921
Lot Size0.07 Acres
StatusActive

About 1408 W Oceanfront

Oceanfront living is a dream that very few people can ever turn into a reality. Now is the time for your dream to come true. Rarely is there an oceanfront opportunity that comes available and allows you this incredible flexibility! There are only a few Tri-Plexes on the Boardwalk, you have numerous options. You can live in the front house and receive income from the other two units. You can apply for a short-term rental permit while you enjoy all the amenities of living on the Oceanfront in Newport Beach, Do you have a large extended family? Then this is the place you have been looking for, with three units, eight bedrooms & four bathrooms, everyone can have their privacy. Or do you have a vision for the future and a creative eye? Buy today, enjoy today, and plan for the future. This oversized lot provides a tremendous canvas to build your dream home. Or maybe over a few years, you will enjoy a combination of all of the options. Oceanfront property is a rare commodity, there is a limited supply and tremendous demand for the right property. This right opportunity is available for those ready to live their dreams. Come by, walk along the Boardwalk, and see where dreams come true.

Property Details

Property Features

Property Information:

  • Architectural Style: Patio Home
  • Year Built: 1947
  • Stories: 3
  • Living Area: 2,500 SqFt

Listing Office:

  • Office Name: Century 21 Top Producers
  • Office Phone: (951) 906-3768
  • Listing Agent: JEFF STOFFEL

Interior Features

Interior Information:

  • Interior: Balcony, Stair Climber, Bedroom on Main Level
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Beach, Ocean Front
  • View: Island, Other, Ocean, Panoramic, Water

Parking Information:

  • Parking: Attached Carport, Public

Lot Features

Lot Information:

  • Lot: Level, Near Public Transit
  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Cooling: None

School Info

Assigned Schools Information:

  • Newport Harbor High School, Public District Grades 9-12
  • Horace Ensign Intermediate School, Public District Grades 7-8
  • Newport Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: South on Balboa. Turn right on 14th St. Home will be on the Boardwalk 5 properties in from 14th

Price Information

Listing Price Info

Price Summary:

  • List Price: $7,495,000
  • Price Per SqFt: $2,998/SqFt

Tax Information:

  • Annual Amount: $10,178
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Newport Beach, CA.

Med. Sold Price

$3.4M

Med. Price/SqFt

$1,415

Avg. Days On Market

51

# of Sold Homes

69

1408 W Oceanfront vs Newport Beach

63 DAYS ON ROCKET

+12 Days

$7,495,000

+$4.0M More

$2,998/SqFt

+$1.5K More

KEY TAKEAWAY

This property is $4.0M more than the Median Sold Price and $1.5K/SqFt more than other homes in Newport Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #IV24154921

Listing Office:

  • Office Name: Century 21 Top Producers
  • Office Phone: (951) 906-3768
  • Listing Agent: JEFF STOFFEL

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/18/2024, 4:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$10,178$762,699
2020$10,014$754,879
2019$9,912$740,078
2018$9,913$725,567
2017$9,763$711,341

History based on county public records data.

Payment Calculator

$37.4K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$22.5K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-666770
8
/10
  • Newport Elementary School

  • 1327 W Balboa Blvd

  • 0.07 miles

  • Public District Grades KG-6

Middle School

school-card-donut-666771
8
/10
  • Horace Ensign Intermediate School

  • 2000 Cliff Dr

  • 0.90 miles

  • Public District Grades 7-8

High School

school-card-donut-666772
7
/10
  • Newport Harbor High School

  • 600 Irvine Ave

  • 1.20 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $110,552. Residents of Newport Beach, CA typically earn between $35k-100k each year. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

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Rocket HomesCaliforniaOrange CountyNewport Beach926611408 W Oceanfront

This home is located at 1408 W Oceanfront in Newport Beach, CA and zip code 92661 in the Central Newport Beach neighborhood. This 2,500 square foot home, which was built in 1947, sits on a 0.07 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since August 15, 2024 and is currently priced at $7,495,000.

In September 2024, from all listings sold in Newport Beach, CA there were more than 6 sold above asking price, over 58 sold below and more than 5 were sold right at the asked price. The inventory of homes for sale in Newport Beach, CA between August 2024 and September 2024 increased by 2.6%. In September 2024 median list price was $3,413,750 and the average listing age was 51 days.

From Rocket Homes Real Estate and based on county public records data.

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