UPDATED:
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,609 sqft
Price per Sqft $3,936
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID NP25023424
Bedrooms 6
Full Baths 6
HOA Y/N No
Year Built 1962
Lot Size 5,000 Sqft
Lot Dimensions Estimated
Property Sub-Type Mixed Use
Property Description
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.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Interior
Interior Features Beamed Ceilings, Built-in Features, Balcony, Cathedral Ceiling(s), Multiple Staircases, Bar, Bedroom on Main Level
Cooling Central Air, Dual, Zoned
Fireplaces Type Living Room, Primary Bedroom
Fireplace Yes
Laundry Common Area, Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Parking Features Garage
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Water Sports
Utilities Available Sewer Connected, Water Connected
View Y/N Yes
View Bay, City Lights, Coastline, Courtyard, Marina, Ocean, Panoramic, Pier
Porch Deck, Rooftop
Attached Garage Yes
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Corner Lot
Dwelling Type Mixed Use
Story 3
Entry Level Multi/Split
Sewer Public Sewer
Water Public
Level or Stories Multi/Split
New Construction No
Schools
School District Newport Mesa Unified
Others
Senior Community No
Tax ID 04721128
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
