|
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.
Last Updated | 3/18/2025 | Tract | Balboa Peninsula (Residential) (BALP) |
---|---|---|---|
Year Built | 1962 | Community | Balboa Peninsula |
Garage Spaces | 4.0 | County | Orange |
SCHOOLS
School District | Newport Mesa Unified |
---|
Additional Details
AIR | Central Air, Dual, Zoned |
---|---|
AIR CONDITIONING | Yes |
AREA | Balboa Peninsula |
FIREPLACE | Yes |
GARAGE | Garage, Yes |
HOA DUES | 0 |
INTERIOR | Balcony, Bar, Beamed Ceilings, Bedroom on Main Level, Built-in Features, Cathedral Ceiling(s), Multiple Staircases |
LOT | 5000 sq ft |
LOT DESCRIPTION | 0-1 Unit/Acre, Corner Lot |
LOT DIMENSIONS | 50x100 |
PARKING | Garage |
POOL DESCRIPTION | None |
SEWER | Public Sewer |
STORIES | 3 |
SUBDIVISION | Balboa Peninsula (Residential) (BALP) |
UTILITIES | Sewer Connected,Water Connected |
VIEW | Yes |
VIEW DESCRIPTION | Bay,City Lights,Coastline,Courtyard,Marina,Ocean,Panoramic,Pier |
WATER | Public |
Location
Contact us about this Property
/ | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". |
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.