**New price as of May 2016**This is a RARE and SPECIAL opportunity to own a highly sought after investment property in great condition; located directly on the strand, with the boardwalk out in front of the property, in the "Oceanaire" lots in Newport Beach! 1 house from the sand. This is a large two story duplex with two bedrooms, two baths, and a large front patio on the first floor. The second floor has two bedrooms, one bath, ocean view with a front balcony and a huge deck over carport. Both units have large open floor plans with chef inspired kitchens. There is a community laundry room and two car carport, as well as the potential to park two additional cars behind cars in carport. 5 car parking! This duplex is currently owner occupied on the lower unit and a month to month tenant in upper. Property lends itself to short term(annual income can exceed $100,000.00), seasonal or long term rentals. Seconds to the sand and minutes to the new Sunset Ridge Park. The property also has preliminary plans for an addition on the second floor, or a huge 3 story SFR. This prime location is within close proximity to local shops, restaurants, and all that the world famous Peninsula has to offer.