1504 W Oceanfront 5

Newport Beach , CA 92663

MLS#: NP25023424

$29,950,000

Status: Active
Listing number: NP25023424
Listing provided by: Pacific Sotheby's Int'l Realty
Listing agent phone: None
Last update: 22 days ago
On site: 4 months ago
Browse Properties
Balboa Peninsula (Residential) (BALP) - Residential

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

  • Cooling YN

    YES

  • Cooling

    N/A

  • Fireplace YN

    YES

Exterior

  • Garage

    Yes

  • Garage spaces

    4

  • Other Exterior Features

    Balcony

  • Parking

    Attached, Garage

  • Patio and Porch Features

    Deck

  • Pool

    Yes

  • Pool Features

    None

  • View

    Bay, City Lights, Marina, Ocean, Panoramic

Area & Lot

  • Lot Features

    Corner Lot

  • Lot Size(acres)

    0.1148

  • Property Type

    Residential

  • Property Sub Type

    Triplex

Price

  • Sales Price

    $29,950,000

  • Sq. Footage

    7, 609

  • Price/SqFt

    $3,936

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

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Location

County

Orange

Elementary School

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Listing Courtesy of Amelie Mason , Pacific Sotheby's Int'l Realty

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(818) 321-0175

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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.

1504 W Oceanfront 5

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