Large single family Villa overlooking the ocean with 4 bed/2 baths and separate rear 2 bed/1 bath guest unit. Currently configured as a legal oceanfront Triplex in a central location on the boardwalk recently remodeled in 2020. Excellent income history with proven track record and immaculate condition. Live in one unit and offset costs by renting the other(s). Stunning unobstructed "sit-down" ocean, Catalina and sunset views from the 2 front units. Recent upgrades include interior and exterior paint, remodeled kitchens, bathrooms with seamless glass showers, double sinks and quartz countertops. All 3 units are 2 bedroom and 1 bath. Unit A is the upper oceanfront unit that sleeps 7 with vaulted beam ceilings throughout, Great Room with walls of glass, fireplace, wood floors, open kitchen, breakfast bar and quartz countertops. Unit B is the lower oceanfront unit that sleeps 6 and features a private front patio, fireplace, open kitchen, dining nook, breakfast bar, quartz countertops and remodeled kitchen and bathroom. Unit A and B can be connected for a larger 4 bed home. Unit C is the lower back unit remodeled with wood floors, beam ceiling, remodeled kitchen and bath. Each unit has access to a 1 car garage and shared laundry. Actual 2020 income estimated at $358,000 (3.1% cap) which could have been $400K without COVID and remodel impact. All furnishings included. Close proximity to Marina Park, Balboa Fun Zone and restaurants. Newport Beach Short Term Rental Permit!
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