1504 W Oceanfront Unit 5
Newport Beach, CA 92663
- 6 beds
- 6 baths
- 7,609 sqft
- 5,000 sqft lot
- $3,936 per sqft
- 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.
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Last updated Mar 19, 2025
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MLS# NP25023424 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1962
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Year Built Source:Public Records
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New Construction:No
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Total Number Of Units:5
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Unit Number:5
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Structure Type:Mixed Use
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Stories Total:3
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Entry Level:1
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Patio And Porch Features:Deck, Roof Top
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Patio:1
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Common Walls:1 Common Wall
Interior
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Features:2 Staircases, Balcony, Bar, Beamed Ceilings, Built-in Features, Cathedral Ceiling(s)
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Levels:Multi/Split
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Entry Location:1
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Room Type:Bonus Room, Family Room, Formal Entry, Main Floor Bedroom
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Living Area Units:Square Feet
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Living Area Source:Estimated
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Fireplace:Yes
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Fireplace:Living Room, Primary Retreat
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Laundry:Common Area, Gas & Electric Dryer Hookup
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Laundry:1
Room Dimensions
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Living Area:7609.00
Location
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Directions:From Balboa Blvd, turn right right on 15th Street, property is on the right hand side.
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Latitude:33.60637400
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Longitude:-117.92120100
The Property
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Property Type:Residential
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Subtype:Commercial/Residential
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Lot Features:0-1 Unit/Acre, Corner Lot
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Lot Size Area:5000.0000
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Lot Size Dimensions:50x100
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Lot Size Acres:0.1148
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Lot Size SqFt:5000.00
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Lot Size Source:Estimated
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Lot Dimensions Source:Estimated
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View:1
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View:Bay, City Lights, Coastline, Courtyard, Marina, Ocean, Panoramic, Pier
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
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Lease Considered:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:628.00
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Tax Tract:518
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Tax Lot:2
Beds
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Total Bedrooms:6
Baths
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Total Baths:6
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Full & Three Quarter Baths:6
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Full Baths:6
The Listing
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Special Listing Conditions:Standard
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Parcel Number:04721128
Heating & Cooling
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Cooling:Yes
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Cooling:Central Air, Dual, Zoned
Utilities
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Utilities:Sewer Connected, Water Connected
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Sewer:Public Sewer
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Water Source:Public
Schools
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High School District:Newport Mesa Unified
The Community
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Subdivision:Balboa Peninsula (Residential) (BALP)
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Subdivision:Balboa Peninsula (Residential) (BALP)
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Features:Curbs, Gutters, Watersports, Sidewalks, Storm Drains, Street Lights
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Association:No
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Pool:None
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Senior Community:No
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Spa:1
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Private Pool:No
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Spa Features:Roof Top
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Assessments:Yes
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Assessments:Unknown
Parking
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Parking:Yes
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Parking:Garage
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Parking Spaces:4.00
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Attached Garage:Yes
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Garage Spaces:4.00
Monthly cost estimate

Asking price
$29,950,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$160,373
|
Taxes | N/A |
Insurance | $8,236 |
Utilities | $298 See report |
Total | $168,907/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
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3/18/25
Mar 18, 2025
|
Listed / Active | CRMLS_CA | $29,950,000 |