3012 W Oceanfront
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 13, 2025 | Price Increased |
$6,995,000
↑ $245K
(3.6%) | |
| Price Increased | |||
| Aug 11, 2025 | Sold | ||
| Sold | |||
| Aug 6, 2025 | In contract | - | |
| In contract | |||
| Jun 9, 2025 | Listed by Compass | $7,400,000 | |
| Listed by Compass | |||
| Apr 8, 2025 | Listed | $7,750,000 | |
| Listed | |||
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Live in one and rent the other? Lease them both for outstanding income potential? Or transform them into a large private compound? The choice is yours at this front-row oceanfront duplex in Newport Beach. Unobstructed views sweep across the Pacific Ocean and embrace the Newport Pier, romantic sunsets over Catalina Island, and evening lights along the coast as far north as Palos Verdes. Remodeled and upgraded, the duplex presents a total of four bedrooms and three baths in approximately 1,924 square feet and includes an outdoor after-beach shower, two carport spaces and one enclosed garage space. Featuring one bedroom and one bath, the first-level residence is fresh and modern, with a host of desirable appointments, and seamless living areas opening to a large beach-front patio. An updated fireplace surrounded by fashionable tile lends style to the living and dining rooms, while the recently reimagined kitchen shines with quartz countertops, white Shaker cabinetry with glass uppers, a full tile backsplash, and stainless steel appliances. The primary suite features a private ocean-view atrium and a chic ensuite bath with quartz countertop and a sliding glass door to the shower. Three bedrooms, including one with a third-level loft, await in the upper unit, which showcases two luxurious baths, vaulted ceilings, travertine floors, and a large resurfaced ocean-view deck with glass railing. A peninsula bar opens to the dining room from a kitchen with custom wood cabinets and stainless appliances, and the living room displays a handsome fireplace. Custom built-in wardrobes in the primary suite and one secondary bedroom are detailed with translucent glass doors and contemporary wood drawers. Both units offer the advantages of upgraded dual-pane windows and sliding glass doors. Located at the top of the Balboa Peninsula, this turnkey duplex is enviably set near the Balboa Fun Zone, Balboa Island, Fashion Island’s high-end shops and restaurants, Lido Marina Village, beach-front bike paths, and the neighboring communities of Corona del Mar, Newport Coast and Crystal Cove.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017