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$29,950,000
Est. payment /mo
7,609 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,609 sqft
Price per Sqft $3,936
MLS Listing ID CRNP25025311
HOA Y/N No
Year Built 1962
Lot Size 5,000 Sqft
Acres 0.11
Property Sub-Type Other
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 Surferâ€. 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 dec
Location
State CA
County Orange
Interior
Cooling Central Air, Zoned, Other
Fireplace No
Laundry Gas Dryer Hookup, Other
Exterior
View Y/N true
View Bay, City Lights, Marina, Panoramic, Other, Ocean
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 04721128
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Listed by Amelie Mason • Pacific Sotheby's Int'l Realty