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 50×50-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.
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 50×50-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.
Property Details
Price:
$29,950,000
MLS #:
NP25023424
Status:
Active
Beds:
6
Baths:
6
Address:
1504 W Oceanfront 5
Type:
Single Family
Subtype:
Commercial/Residential
Subdivision:
Balboa Peninsula Residential BALP
Neighborhood:
npbalboapeninsula
City:
Newport Beach
Listed Date:
Jan 21, 2025
State:
CA
Finished Sq Ft:
7,609
ZIP:
92663
Lot Size:
5,000 sqft / 0.11 acres (approx)
Year Built:
1962
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Schools
School District:
Newport Mesa Unified
Interior
Cooling
Central Air, Dual, Zoned
Fireplace Features
Living Room, Primary Retreat
Interior Features
2 Staircases, Balcony, Bar, Beamed Ceilings, Built-in Features, Cathedral Ceiling(s)
Exterior
Community Features
Curbs, Gutters, Watersports, Sidewalks, Storm Drains, Street Lights
Garage Spaces
4.00
Lot Features
0-1 Unit/ Acre, Corner Lot
Parking Features
Garage
Parking Spots
4.00
Pool Features
None
Sewer
Public Sewer
Spa Features
Roof Top
Stories Total
3
View
Bay, City Lights, Coastline, Courtyard, Marina, Ocean, Panoramic, Pier
Water Source
Public
Financial
Association Fee
0.00
Utilities
Sewer Connected, Water Connected
Map
Community
- Address1504 W Oceanfront 5 Newport Beach CA
- AreaNP – Balboa Peninsula
- SubdivisionBalboa Peninsula (Residential) (BALP)
- CityNewport Beach
- CountyOrange
- Zip Code92663
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1504 W Oceanfront 5
Newport Beach, CA
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