$27,950,000

1504 W Oceanfront 5, Newport Beach, CA 92663

  • 6 beds |
  • 6 baths |
  • 7,609 sqft
  • Property Icon Condominium
  • Property Year Built Icon Built in 1962
  • Property Lot Size Icon5,001sqft lot
  • Property Parking Icon 4 car garage
  • Property Price Per Square Feet Icon $3,673/sqft
  • Property List Date Icon Listed 3 months ago

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.

Listing Status:
Active
Data Last Updated:
May 20, 2026 at 1:11PM
Listing Office:
Pacific Sotheby's Int'l Realty : 949-554-1200
Listing Agent:
Amelie Mason : 949-287-1021
MLS ID:
NP26015959
  • General: 2 StaircasesBalconyBarBeamed Ceilings
  • Laundry: Gas & Electric Dryer HU
  • A/C: Central Forced AirZoned Area(s)Dual
  • Fireplace: FP in Living Room
  • General: Roof Top
  • Pool: N/K
  • Parking: GarageParking spaces: 4
  • General: 3
  • HOA Amenities: 0.0
  • Originating MLS: California Regional MLS
  • County: Orange
  • Zoning: 04721128
  • View: BayOceanPanoramicMarinaPierCoastlineCourtyardCity Lights
  • Utilities: Sewer ConnectedWater Connected
  • Water: Public
  • Sewer: Public Sewer
  • Source: California Regional MLS

This listing courtesy of Amelie Mason , Pacific Sotheby's Int'l Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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