Property
Beds
6
Full Baths
6
1/2 Baths
None
Year Built
1962
Sq.Footage
7,609
Experience luxury beach front living and investment potential with 1504 W Oceanfront, a one-of-a-kind mixed-use property in Newport Beach on the Balboa Peninsula. This premier property spans approximately 7,609 square feet on a 5,000-square-foot corner lot with 100 feet of ocean frontage and breathtaking panoramic views from Newport Pier to Balboa Pier and beyond. Three residential units with three short-term lodging permits and two commercial spaces, this exceptional five-unit offering blends coastal charm with modern luxury. The commercial spaces include the iconic “15th Street Surf Shop” retail store and an oceanfront restaurant currently under renovation, formerly known as “The Stuft Surfer”. The three separate residential units consist of a three bedroom residence, a newly built two bedroom residence with an office/bonus room, in addition to a newly constructed one bedroom unit. All three units hold short-term rental permits (SLPs), a rare and valuable asset in Newport Beach. This property is primed for exceptional income generation, with pro forma projections estimating $920,608 in annual gross revenue combined from short-term rentals and commercial leasing. A standout feature of this estate is its expansive 50x50-foot rooftop deck, one of the largest oceanfront decks on the Balboa Peninsula, offering unparalleled ocean and bay views with endless opportunities for entertainment and relaxation. 1504 W Oceanfront is not just a five-in-one compound; it’s a legacy property that delivers both immediate value and long-term returns in the highly coveted Newport Beach market.
Features & Amenities
Interior
-
Other Interior Features
Beamed Ceilings, Built-in Features, Cathedral Ceiling(s), Bar
-
Total Bedrooms
6
-
Bathrooms
6
Area & Lot
-
Lot Features
Corner Lot
-
Lot Size(acres)
0.1148
-
Property Type
Residential
Exterior
-
Garage
Yes
-
Garage spaces
4
-
Other Exterior Features
Balcony
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Parking
Attached, Garage
Financial
-
Sales Price
$29,950,000
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Location
County
Orange
Elementary School
Middle School
High School
Listing Courtesy of Amelie Mason , Pacific Sotheby's Int'l Realty
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