1504 W Oceanfront 5, Newport Beach, CA 92663
- $27,950,000
- 6
- BD
- 6
- BA
Listed by Amelie Mason, from Pacific Sotheby's Int'l Realty
(If provided) CoList: from
- List Price
- $27,950,000
- MLS#
- CRNP26015959
- Status
- ACTIVE
- Levels
- Split Level
- Bedrooms
- 6
- Total Bathrooms
- 6
- Full Bathrooms
- 6
- Lot Size
- 5,000
- Listing Area
- Np - Balboa Peninsula
- Year Built
- 1962
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 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
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Additional Information
- Acres
- 0.11
- Amenities
- Open Beam Ceiling, Balcony/Patio, Vaulted Ceiling, Wet Bar, Other
- Bedroom Description
- Ground Floor Bedroom
- Cooling System
- Central AC, Other, 9
- Family Room
- Other
- Fireplace Description
- Living Room, 20
- Garage Parking
- Garage
- Laundry Facilities
- Laundry Area, 38
- Levels
- Split Level
- Lot Size
- 5,000
- Neighborhood
- Np - Balboa Peninsula
- Other Rooms
- Bonus / Hobby Room, Formal Entry
- Pool Description
- None, Other
- Unincorporated Yn
- Yes
- View
- Bay View, Marina View, Neighborhood View, Ocean View, Panoramic, Water, View of City Lights
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