6 Beds
6 Baths
7,609 SqFt
6 Beds
6 Baths
7,609 SqFt
Key Details
Property Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 7,609 sqft
Price per Sqft $3,936
MLS Listing ID NP25023424
Style All Other Attached
Bedrooms 6
Full Baths 6
HOA Y/N No
Year Built 1962
Lot Size 5,000 Sqft
Acres 0.1148
Lot Dimensions 50x100
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 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; its 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 Oc - Newport Beach (92663)
Interior
Interior Features 2 Staircases, Balcony, Bar, Beamed Ceilings
Cooling Central Forced Air, Zoned Area(s), Dual
Fireplaces Type FP in Living Room
Exterior
Parking Features Garage
Garage Spaces 4.0
Utilities Available Sewer Connected, Water Connected
View Bay, Ocean, Panoramic, Marina, Pier, Coastline, Courtyard, City Lights
Total Parking Spaces 4
Building
Lot Description Corner Lot, Curbs, Sidewalks
Story 3
Lot Size Range 4000-7499 SF
Sewer Public Sewer
Water Public
Level or Stories Split Level
Others
Miscellaneous Gutters,Storm Drains
Acceptable Financing Cash To New Loan
Listing Terms Cash To New Loan
Special Listing Condition Standard
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10550 Craftsman Way #184, San Diego, California, 92127, USA