1504 W Oceanfront #5

Newport Beach, CA 92663

  • 6 Bed(s)
  • 6 Bath(s)
  • 7,609 Sqft
  • 5000
    Sqft(Lot)
$29,950,000

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.

  • Property Type

    Residential

  • County

    Orange

  • Style

    Residential

  • AD ID

    49010223

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Property Details

  • Bedroom Information

    • Total Bedrooms : 6

    Bathroom Information

    • Total Baths: 6
    • Full Baths: 6

    Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Interior Features: Beamed Ceilings,Built-in Features,Balcony,Cathedral Ceiling(s),Multiple Staircases,Bar,Bedroom on Main Level
    • Fireplace: Living Room,Primary Bedroom

    Cooling Features

    • Central Air,Dual,Zoned
    • Air Conditioning

    Fireplace

    • Fireplace Features: Living Room,Primary Bedroom
    • Has Fireplace: 1

  • Building Information

    • Year Built: 1962

    Pool Features

    • None

    Laundry Features

    • Common Area,Electric Dryer Hookup,Gas Dryer Hookup

    Patio And Porch

    • Deck,Rooftop

  • Lot Details

    • Lot Dimensions Source: Estimated
    • Lot Size Acres: 0.1148
    • Lot Size Dimensions: 50x100
    • Lot Size Source: Estimated
    • Lot Size Square Feet: 5000

  • Listing Price Information

    • Original List Price: 29,950,000
    • Listing Contract Date: 2025-01-21

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 04721128

  • Garage and Parking

    • Garage Description: Garage
    • Attached Garage: Yes

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: NP - Balboa Peninsula
    • Directions: From Balboa Blvd, turn right right on 15th Street, property is on the right hand side.
    • Source Property Type: Residential
    • Area: NP - Balboa Peninsula
    • Property SubType: Mixed Use

    Building and Construction

    • Property Age: 63
    • Common Walls: 1 Common Wall
    • Structure Type: Mixed Use
    • Year Built Source: Public Records
    • Total Square Feet Living: 7609
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Multi/Split
    • Structure Type: Mixed Use
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BuyOwner last updated this listing 03/31/2025 @ 16:32

  • MLS: NP25023424
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 6 bedrooms which is for sale, it has 7,609 sqft, 5,000 sized lot, and 4 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Newport Beach , in zip code 92663, this Orange County Home , it is in the Lido Island (LIDO) Subdivision, are nearby neighborhoods.