1504 W Oceanfront #5 Active Save Request In-Person Tour Request Virtual Tour
Newport Beach,CA 92663
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 7,609 sqft
Price per Sqft $3,936
MLS Listing ID CRNP25023424
Bedrooms 6
Full Baths 6
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1962
Lot Size 5,000 Sqft
Property Sub-Type Detached
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 Surferâ€. 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 dec
Location
State CA
County Orange
Interior
Cooling Central Air,Zoned,Other
Fireplaces Type Living Room
Fireplace Yes
Laundry Other
Exterior
Garage Spaces 4.0
Pool Spa,None
View Bay,City Lights,Marina,Panoramic,Other,Ocean
Private Pool false
Building
Lot Description Corner Lot,Street Light(s),Storm Drain
Water Public
Schools
School District Newport-Mesa Unified