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1504 W Oceanfront

Newport Beach, CA 92663

– beds
– baths
– sqft
5,000 sqft lot
1962 build
– on site

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.

Listed By CRMLS_CA / Amelie Mason / Pacific Sotheby's Int'l Realty / 949-287-1021

Last checked: Checking… • Last updated Mar 19, 2025 •

MLS# NP25025311 —

The Building

Year Built:

1962
Year Built Source:

Public Records
New Construction:

No
Building Area Total:

7609.00
Building Area Units:

Square Feet
Total Number Of Units:

5
# of Buildings:

2
Stories Total:

3
Entry Level:

1
Common Walls:

1 Common Wall
# of Separate Gas Meters:

3
# of Separate Water Meters:

3
# of Separate Electric Meters:

3

Interior

Features:

2 Staircases, Balcony, Bar, Beamed Ceilings, Built-in Features, Cathedral Ceiling(s)
Levels:

Multi/Split
Entry Location:

1
Room Type:

Bonus Room, Family Room, Formal Entry, Main Floor Bedroom
Fireplace:

Yes
Fireplace:

Living Room, Primary Retreat
Laundry:

Common Area, Gas & Electric Dryer Hookup
Laundry:

1

Location

Directions:

From Balboa Blvd, turn right right on 15th Street, property is on the right hand side.
Latitude:

33.60637400
Longitude:

-117.92120100

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Lot Features:

0-1 Unit/Acre, Corner Lot
Lot Size Area:

5000.0000
Lot Size Dimensions:

50x100
Lot Size Acres:

0.1148
Lot Size SqFt:

5000.00
Lot Size Source:

Estimated
Lot Dimensions Source:

Estimated
View:

1
View:

Bay, City Lights, Coastline, Courtyard, Marina, Ocean, Panoramic, Pier
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

B
Tax Census Tract:

628.00
Tax Tract:

518
Tax Lot:

2

The Listing

Special Listing Conditions:

Standard
Parcel Number:

04721128

Heating & Cooling

Cooling:

Yes
Cooling:

Central Air, Dual, Zoned

Utilities

Utilities:

Sewer Connected, Water Connected
Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

Balboa Peninsula (Residential) (BALP)
Subdivision:

Balboa Peninsula (Residential) (BALP)
Features:

Curbs, Gutters, Watersports, Sidewalks, Storm Drains, Street Lights
Association:

No
Pool:

None
Senior Community:

No
Spa:

1
Private Pool:

No
Spa Features:

Roof Top
Assessments:

Yes
Assessments:

Unknown

Parking

Parking:

Yes
Parking:

Garage
Parking Spaces:

4.00
Garage Spaces:

4.00

Extra Units

Average 1 Bed Area:

610
Average 2 Bed Area:

2376
Average 3 Bed Area:

2465

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/18/25 Mar 18, 2025	Listed / Active	CRMLS_CA	$29,950,000

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This multifamily located in Central Newport Beach, Newport Beach, CA 92663 is currently for sale for $29,950,000. 1504 W Oceanfront is a – square foot multifamily with – beds and – baths that has been on Estately for 2 days. 1504 W Oceanfront is in the Central Newport Beach neighborhood of Newport Beach and has a WalkScore® of 74, making it very walkable. This multifamily is in the attendance area of Ensign Intermediate School, Newport Harbor High School, and Newport Elementary School.

Listing Courtesy of: CRMLS_CA and Pacific Sotheby's Int'l Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 00:05 on Mar 20.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.