Sold
1402 W Oceanfront sold on June 13, 2024 for $5,900,000, 1.6% below the $5,995,000 asking price after 15 days on the market. The buyer paid cash. The details are below for reference.
1402 W Oceanfront, Newport Beach, CA 92661
- 4 beds
- 2 baths
- 2,400 sq ft
- Built 1945
Own 1402 W Oceanfront? Request a free home valuation to see what it is worth today.
$5,900,000
Subdivision Balboa Peninsula (Residential)
6 duplexes sold in the past 12 months · median $5,475,000
The home
About 1402 W Oceanfront
An Oceanfront Investment Gem: Your Canvas Awaits
Elevate your investment portfolio with this truly rare opportunity on the sands of Newport Beach's Balboa Peninsula. This West Oceanfront Duplex is set on the deepest lot on the Peninsula, measuring 30’ x 102.5’, providing immediate utilization with ample future development opportunity.
Preliminary plans have been explored for expansion up to a generous 4,000 square feet of living space, allowing you to craft a spectacular oceanfront owner's unit with an INTERNAL ADU. Alternatively, the new owner can execute redevelopment into a 2-unit rental powerhouse, with a 4-bedroom and 3-bedroom stacked short-term rental, potentially generating over $500,000 in gross revenues per year. Perfect for investors seeking to capitalize on the allure of Newport Beach's vibrant rental market, this property boasts not one, but TWO highly coveted, transferable, active short-term-rental permits approved with the city. Buyer to verify all details for their intents and purposes.
In the property’s immediate condition, it offers a charming retreat featuring one bedroom, one bathroom, and an inviting open-concept layout in the front. Additionally, there is a two-level 'original condition' residence at the rear of the lot, which includes a 2-bedroom suite and deck above, as well as a 1-car parking garage below.
Beyond the boundaries of your property lies a world of recreation and relaxation, with beach volleyball courts, surf shops, markets, and marinas just steps away. On 15th Street, just a few minutes' walk up the boardwalk, one can find 15th Street Surf Shop, Fry’s Market for basic groceries, and Marina Park for strolling the greenery. Indulge in the coastal lifestyle at Newport Beach Pier’s boutiques and award-winning eateries, all beckoning for exploration.
But the real magic lies in the potential of this property. With plenty of room to renovate and expand, the possibilities are as vast as the ocean itself. Seize the moment and make your mark on Newport Beach's prestigious and limited shoreline. With opportunities like this, the time to invest in your future is now.
Property details for 1402 W Oceanfront
This 4-bedroom, 2-bath duplex sits in the Balboa Peninsula (Residential) neighborhood of Newport Beach in Orange County. It has 2,400 square feet of living space. The home was built in 1945. The MLS record lists the assessor parcel number as 047-212-10. Highlights include ocean and pier views, along with an attached one-car garage.
Specifications
Home Details
General Features
- Property Type
- Duplex
- MLS Number
- NP24093413
- Year Built
- 1945
- Living Area (sq ft)
- 2,400
- Living Area Source
- Assessor
- Lot Size (sq ft)
- 3,049
- Lot Size (acres)
- 0.07
- Levels
- Two
- Bedrooms
- 4
- Full Baths
- 2
- Garage Spaces
- 1
- Parking Spaces
- 1
- View
- Ocean, Pier, Water
- Parcel Number
- 04721210
- On Market Date
- 2024-05-08
- Listing Terms
- Standard
Interior Features
- Interior Features
- Bedroom On Main Level
- Appliances
- Six Burner Stove, Dryer, Washer
- Cooling
- None
- Fireplace
- None
- Laundry
- Laundry Room
- Main Level Bedrooms
- 2
- Main Level Bathrooms
- 1
- Entry Level
- 1
- Common Walls
- No Common Walls
- Accessibility
- Safe Emergency Egress From Home, Parking
Exterior Features
- Lot Features
- Yard
- Parking
- Concrete, Garage, Garage Faces Rear
- Pool Features
- None
- Sewer
- Public Sewer
- Water
- Public
- Units
- 2
Community Features
- Subdivision
- Balboa Peninsula (Residential) (BALP)
- Community Features
- Biking, Curbs, Park, Water Sports
The record
Property History for 1402 W Oceanfront
| Date | Event | Price | Note |
|---|---|---|---|
| Jun 13, 2024 | Sold | $5,900,000 | |
| May 25, 2024 | Status changed to Active Under Contract | From Active | |
| May 8, 2024 | Listed for sale | $5,995,000 | |
| Dec 20, 2018 | Sold | $3,300,000 | Villa Real Estate |
Next steps
Looking for something similar
1402 W Oceanfront is no longer on the market, but comparable homes come up in Newport Beach regularly. We can tell you what this one actually closed at and set up alerts for listings that match it.
Selling near 1402 W Oceanfront
Thinking of selling nearby? We bring current Balboa Peninsula (Residential) sales data and a clear pricing strategy to every listing, backed by more than 700 closed sales and over $1B in Orange County volume. Start with a free home valuation, or reach out to talk through your options.
The neighborhood
About Newport Beach
Set along the Pacific in Orange County, Newport Beach surrounds Newport Harbor, where Balboa Island, Lido Isle, and the Balboa Peninsula frame one of California's largest recreational harbors. The city stretches from the Balboa and Newport piers to Corona del Mar and Fashion Island, within the Newport-Mesa Unified School District.
Balboa Peninsula (Residential) home sales, past 12 months
- Homes sold
- 6
- Median price
- $5,475,000
- Median days on market
- 19
- Median per sq ft
- $2,554
Recorded MLS closings of duplexes, Nov 2, 2025 to Nov 2, 2026. Days on market run from listing to going under contract.
Recent Balboa Peninsula (Residential) sales
| Address | Closed | Price | Sq ft | Per sq ft | Days on market |
|---|---|---|---|---|---|
| 5901 Seashore Drive | Jul 31, 2026 | $9,500,000 | 3,185 | $2,983 | 40 |
| 213 33rd Street | May 28, 2026 | $2,616,000 | 1,451 | $1,803 | 7 |
| 1204 E Balboa Boulevard | Feb 5, 2026 | $6,600,000 | 2,516 | $2,623 | 183 |
| 4103 Seashore | Jan 8, 2026 | $9,200,000 | 2,724 | $3,377 | 31 |
| 4208 River | Dec 16, 2025 | $4,350,000 | 1,750 | $2,486 | 6 |
See homes for sale in Balboa Peninsula Newport Beach housing market
Schools
School District for 1402 W Oceanfront
As listed in the MLS record. Confirm attendance boundaries with the school district.
The MLS record lists the school district as Newport Mesa Unified.
Living in Newport Beach covers its schools, parks and beaches.
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Listed by Joshua Coburn of Chamberlain Real Estate
Listing information updated Jun 14, 2024 at 4:25 PM PT. Source: CRMLS.
This information 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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.