CA > Newport Beach > Balboa Peninsula (Residential) (Balp)
Newport Beach, CA 92663,1504 W Oceanfront #5
Newport Beach, CA 92663,1504 W Oceanfront #5
Newport Beach, CA 92663,1504 W Oceanfront #5
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$29,950,000
Est. payment /mo
6 Beds
6 Baths
7,609 SqFt
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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 7,609 sqft

Price per Sqft $3,936

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID NP25023424

Bedrooms 6

Full Baths 6

HOA Y/N No

Year Built 1962

Lot Size 5,000 Sqft

Lot Dimensions Estimated

Property Sub-Type Triplex

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 Beamed Ceilings, Built-in Features, Balcony, Cathedral Ceiling(s), Multiple Staircases, Bar, Bedroom on Main Level

Cooling Central Air, Dual, Zoned

Fireplaces Type Living Room, Primary Bedroom

Fireplace Yes

Laundry Common Area, Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Parking Features Garage

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Water Sports

Utilities Available Sewer Connected, Water Connected

View Y/N Yes

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

Porch Deck, Rooftop

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Corner Lot

Dwelling Type Triplex

Story 3

Entry Level Multi/Split

Sewer Public Sewer

Water Public

Level or Stories Multi/Split

New Construction No

Schools

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 04721128

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Virtual Tour https://youtube.com/shorts/Dth52HqpTZg?si=aoDOzR6wjJTUMdXu

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CRMLS – RECore
Listed by Amelie Mason Pacific Sotheby's Int'l Realty 949-287-1021

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