1504 W Oceanfront #5, Newport Beach, CA 92663
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
1504 W Oceanfront #5,Newport Beach, CA 92663
$29,950,000
- 6 Beds
- 6 Baths
- 7,609 sq. ft.
- Single family
- Active
Listed by:amelie mason
Office:pacific sotheby's int'l realty
MLS#:NP25023424
Source:San Diego MLS via CRMLS
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.
Contact an agent
Home facts
- Year built:1962
- Listing ID #:NP25023424
- Added:181 day(s) ago
- Updated:September 30, 2025 at 01:59 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:6
- Full bathrooms:6
- Living area:7,609 sq. ft.
Heating and cooling
- Cooling:Central Forced Air, Dual, Zoned Area(s)
Structure and exterior
- Year built:1962
- Building area:7,609 sq. ft.
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$29,950,000
- Price per sq. ft.:$3,936.13
New listings near 1504 W Oceanfront #5
- New$6,800,000Active4 beds 5 baths4,220 sq. ft.
20382 Cypress Street, Newport Beach, CA 92660
MLS# OC25200481Listed by: COMPASS - New$2,995,000Active3 beds 3 baths1,493 sq. ft.
720 Poinsettia Ave, Corona Del Mar, CA 92625
MLS# OC25228056Listed by: REGENCY REAL ESTATE BROKERS - New$935,000Active2 beds 3 baths1,164 sq. ft.
5 Sand Dollar Court #16, Newport Beach, CA 92663
MLS# CROC25222272Listed by: AMERICAN PROPERTY SERVICES INC. - New$2,800,000Active2 beds 3 baths1,566 sq. ft.
407 Goldenrod, Corona Del Mar (newport Beach), CA 92625
MLS# CRNP25220403Listed by: CORONA DEL MAR PROPERTIES INC - New$5,995,000Active5 beds 3 baths2,813 sq. ft.
1845 Port Westbourne, Newport Beach, CA 92660
MLS# NP25226335Listed by: COLDWELL BANKER REALTY - New$3,500,000Active3 beds 3 baths2,180 sq. ft.
990 Bayside Cove #609, Newport Beach, CA 92660
MLS# IV25217534Listed by: VISTA SOTHEBY'S INTERNATIONAL REALTY - New$2,950,000Active3 beds 2 baths1,233 sq. ft.
804 Park Avenue, Newport Beach, CA 92662
MLS# NP25217671Listed by: ARBOR REAL ESTATE - New$5,895,000Active5 beds 5 baths3,585 sq. ft.
2321 Mesa Drive, Newport Beach, CA 92660
MLS# OC25223910Listed by: DOUGLAS ELLIMAN OF CALIFORNIA - New$1,999,999Active2 beds 2 baths1,649 sq. ft.
558 Vista Flora, Newport Beach, CA 92660
MLS# OC25221146Listed by: KELLER WILLIAMS OC COASTAL REALTY - New$1,999,999Active2 beds 2 baths1,649 sq. ft.
558 Vista Flora, Newport Beach, CA 92660
MLS# CROC25221146Listed by: KELLER WILLIAMS OC COASTAL REALTY