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Listed by Amelie Mason, DRE #02028221 • Pacific Sotheby's Int'l Realty
$27,950,000
Est. payment /mo
6 Beds
6 Baths
7,609 SqFt
Active
1504 W Oceanfront 5 Newport Beach, CA 92663
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 7,609 sqft
Price per Sqft $3,673
MLS Listing ID CRNP26015959
Bedrooms 6
Full Baths 6
Year Built 1962
Lot Size 5,000 Sqft
Property Sub-Type Triplex
Source California Regional MLS
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
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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