$27,950,000
1504 West Oceanfront, Newport Beach, Ca 92663
- 6 Beds
- 6 Baths
- 7,609 Sqft
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60
Views for last 30 days
- 12
- MLS#NP26015959
About the Property
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 thre
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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Property type
House
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Year built
1962
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Price/sqft
$3,673
Features
- Fireplace
- Terrace
- Water View
- Fire Pit
- Beachfront
- Oceanfront
- Waterfront
- Outdoor Kitchen
- Jacuzzi
Features
Lot
- Waterfront
- Oceanfront
- Panoramic / Scenic View
- Water View
- Coastal
- Beachfront
- Investment Property
Indoor
- Kitchen island
- Stone Countertops
- Fireplace
- Bar
- Office
- Jacuzzi
Outdoor
- Terrace
- Balcony
- Outdoor Kitchen
- Fire Pit
- Outdoor Living Space
Explore the Area
1504 West Oceanfront #5, Newport Beach, CA 92663, California, United States
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2021
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Pacific Sotheby's International Realty
1200 Newport Center Drive Suite 100, Suite 100, 92660, Newport Beach, California, United States
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Nestled along 10 miles of impeccable coastline is Newport Beach, long recognized for its beautiful beaches, yacht h
Nestled along 10 miles of impeccable coastline is Newport Beach, long recognized for its beautiful beaches, yacht harbor, award-winning restaurants, top shopping venues, and a variety of outdoor recreational activities. A sought-after haven for families, professionals, and retirees, Newport Beach, offers a mix of both luxury and high end living with a casual, beach ambiance. Perhaps the most famous site of this city is the large harbor comprising the Upper Newport Bay, a ten-mile loop that attracts joggers, equestrians, and cyclists. The Lower Newport Bay is four miles long and features restaurants and shopping. The Wedge is an internationally known surf spot where waves are known to reach 20 feet in height, offering a thrill that can’t be found anywhere else in Southern California. Take the ferry for a three-minute ride to Balboa Island Marine Avenue and sample their world-famous frozen, chocolate-dipped bananas. Top shopping options include the very popular Fashion Island, a large outside mall venue with high-end stores or you can browse the boutiques at Corona del Mar. Newport Beach is also home to major businesses, including Fortune 500 company Pacific Life as well as Acacia Research, the Irvine Company, and Jazz Semiconductor to name a few. Tourists flock to Newport Beach during the summer months visiting such spots as the Balboa Fun Zone and Pavilion, Newport Pier, and of course, the beaches including Newport’s main beach as well as Corona Del Mar, Newport Bay, and Little Corona Beach.
Last updated
January 27
First listed
Jan 27
Listing link
Listing reference
LWZGRJ
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