$ 29,950,000
-
$29,950,000
Price -
6
Bed -
6
Bath -
7,609
SqFt
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About the Listing NP5039 - NP60794,U40678
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.
Listing Highlights for 1504 W Oceanfront
Status
Active
Days on Site
170
Property Type
Multi-Family
MLS ®
NP25025311
Year Built
1962
Total Square Footage
7,609
Lot/Acreage
0.11
Interior Details
- Bedrooms: 6
- Bathrooms: 6 Full
- Appliances:
- Air Cond: Central Air,Dual,Zoned
- Heating:
- Fireplaces: Living Room,Primary Retreat
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: 2 Staircases,Balcony,Bar,Beamed Ceilings,Built-in Features,Cathedral Ceiling(s)
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,Corner Lot,No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 4
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Garage
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 04721128
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
1504 W Oceanfront Newport Beach, CA 92663
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