CA > Newport Beach > Balboa Peninsula (Residential)
Newport Beach, CA 92663,1504 West Oceanfront
Newport Beach, CA 92663,1504 West Oceanfront
Newport Beach, CA 92663,1504 West Oceanfront
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Reena Dutta

Reena Dutta

+1(805) 340-2583
Listed by Amelie Mason • Pacific Sotheby's Int'l Realty
$29,950,000
Est. payment /mo
7,609 SqFt
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Key Details

Property Type Single Family Home

Sub Type Commercial/Residential

Listing Status Active

Purchase Type For Sale

Square Footage 7,609 sqft

Price per Sqft $3,936

Subdivision Balboa Peninsula (Residential)

MLS Listing ID NP-25025311

Year Built 1962

Lot Size 5,000 Sqft

Property Sub-Type Commercial/Residential

Property Description

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.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Interior

Interior Features Cathedral Ceiling(s), Built-In Features, Beamed Ceilings, Bar, Balcony, 2 Staircases

Fireplaces Type Living Room, Master Retreat

Laundry Common Area, Gas & Electric Dryer Hookup

Exterior

Parking Features Garage

Garage Spaces 4.0

Pool None

Community Features Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Watersports

Utilities Available Sewer Connected, Water Connected

View Y/N Yes

View Panoramic, Ocean, Marina, Pier, Bay, City Lights, Coastline, Courtyard

Building

Lot Description Corner Lot, 0-1 Unit/Acre

Sewer Public Sewer

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