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$27,950,000

Est. payment - /mo

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6 Beds

6 Baths

7,609 SqFt

New

1504 W Oceanfront #5 Newport Beach, CA 92663

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Jesse Ibanez

jesse@greenmeansgrow.com +1(858) 337-2796

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Key Details

Property Type Condo

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 7,609 sqft

Price per Sqft $3,673

Subdivision Balboa Peninsula (Residential) (

MLS Listing ID NP26015959

Bedrooms 6

Full Baths 6

Year Built 1962

Lot Size 5,000 Sqft

Lot Dimensions 50x100

Property Sub-Type All Other Attached

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; its a legacy property that delivers both immediate value and long-term returns in the highly coveted Newport Beach market.

Location

State CA

County Orange

Direction From Balboa Blvd, turn right right on 15th Street, property is on the right hand side.

Interior

Interior Features 2 Staircases, Balcony, Bar, Beamed Ceilings

Cooling Central Forced Air, Zoned Area(s), Dual

Fireplaces Type FP in Living Room

Fireplace No

Laundry Gas & Electric Dryer HU

Exterior

Parking Features Garage

Garage Spaces 4.0

Utilities Available Sewer Connected, Water Connected

View Y/N Yes

Water Access Desc Public

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

Porch Deck, Roof Top

Total Parking Spaces 4

Building

Story 3

Sewer Public Sewer

Water Public

Level or Stories 3

Others

Senior Community No

Tax ID 04721128

Acceptable Financing Cash To New Loan

Listing Terms Cash To New Loan

Special Listing Condition Standard

Listed by Amelie Mason Pacific Sotheby's Int'l Realty

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Jesse Ibanez

Agent | License ID: 01405643

+1(858) 337-2796

1504 W Oceanfront #5 Newport Beach, CA 92663

Jesse Ibanez

Key Details

Location

Interior

Exterior

Building

Others

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1504 W Oceanfront #5