CA > Newport Beach
Newport Beach, CA 92663,1504 W Oceanfront 5
Newport Beach, CA 92663,1504 W Oceanfront 5
Newport Beach, CA 92663,1504 W Oceanfront 5
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Joel Martinez

Joel Martinez

+1(831) 230-0059
Listed by Amelie Mason • Pacific Sotheby's Int'l Realty
$29,950,000
Est. payment /mo
6 Beds
6 Baths
7,609 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 7,609 sqft

Price per Sqft $3,936

MLS Listing ID CRNP25023424

Bedrooms 6

Full Baths 6

Originating Board California Regional MLS

Year Built 1962

Lot Size 5,000 Sqft

Property Sub-Type Triplex

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 decks

Location

State CA

County Orange

Area Np - Balboa Peninsula

Rooms

Family Room Other

Interior

Cooling Central AC, Other, 9

Fireplaces Type Living Room, 20

Laundry Laundry Area, 38

Exterior

Parking Features Garage

Garage Spaces 4.0

Pool None, Other

View Bay, Marina, Local/Neighborhood, Ocean, Panoramic, Water, City Lights

Building

Story Split Level

Water District - Public

Others

Tax ID 04721128

Special Listing Condition Not Applicable

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agent

Joel Martinez

+1(831) 230-0059

Property Connection Specialist | License ID: 02338033

Property Connection Specialist License ID: 02338033

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