1504 Oceanfront #5, Newport Beach, CA 92663
Local realty services provided by:Better Homes and Gardens Real Estate Reliance Partners
1504 Oceanfront #5,Newport Beach, CA 92663
$29,950,000
- 6 Beds
- 6 Baths
- 7,609 sq. ft.
- Multi-family
- Active
Listed by:amelie mason
Office:pacific sotheby's int'l realty
MLS#:NP25023424
Source:CAREIL
Price summary
- Price:$29,950,000
- Price per sq. ft.:$3,936.13
About this home
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.
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Home facts
- Year built:1962
- Listing ID #:NP25023424
- Added:215 day(s) ago
- Updated:September 23, 2025 at 04:27 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:6
- Full bathrooms:6
- Living area:7,609 sq. ft.
Heating and cooling
- Cooling:Central Air
Structure and exterior
- Year built:1962
- Building area:7,609 sq. ft.
- Lot area:0.11 Acres
Utilities
- Water:District - Public
Finances and disclosures
- Price:$29,950,000
- Price per sq. ft.:$3,936.13
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