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.
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DAYS ON MARKET
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1
|
LAST UPDATED
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3/18/2025
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|
TRACT
|
Balboa Peninsula (Residential) (BALP)
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YEAR BUILT
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1962
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|
COMMUNITY
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Balboa Peninsula
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GARAGE SPACES
|
4.0
|
|
COUNTY
|
Orange
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STATUS
|
Active
|
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PROPERTY TYPE(S)
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Single Family
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|
|
| School District |
Newport Mesa Unified |
| AIR |
Central Air, Dual, Zoned |
| AIR CONDITIONING |
Yes |
| AREA |
Balboa Peninsula |
| FIREPLACE |
Yes |
| GARAGE |
Garage, Yes |
| HOA DUES |
0 |
| INTERIOR |
Balcony, Bar, Beamed Ceilings, Bedroom on Main Level, Built-in Features, Cathedral Ceiling(s), Multiple Staircases |
| LOT |
5000 sq ft |
| LOT DESCRIPTION |
0-1 Unit/Acre, Corner Lot |
| LOT DIMENSIONS |
50x100 |
| PARKING |
Garage |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
3 |
| SUBDIVISION |
Balboa Peninsula (Residential) (BALP) |
| UTILITIES |
Sewer Connected,Water Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Bay,City Lights,Coastline,Courtyard,Marina,Ocean,Panoramic,Pier |
| WATER |
Public |
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Listed with Pacific Sotheby's Int'l Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 3/19/25 7:17 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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