Backup offers
#NP25042399, Anne Hoover, Listing Office: Surterre Properties Inc.
#NP25023424·
Listing office: Pacific Sotheby's Int'l Realty·
Listing agent: Amelie Mason·
Listing office phone: 949-287-1021
$29,950,000 List price
1504 W Oceanfront Unit 5 Newport Beach, CA 92663
6 beds
6 full
7,609 sqft
0.1 acres
$3,936 / sqft
Multi-Family
Property details
About 1504 W Oceanfront Unit 5
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.
Highlights
Home typeTriplex
StatusActive
CoolingCentral Air, Dual, Zoned
Size7,609 sqft
Lot size0.1148 Acres
Year built1962
ParkingGarage
MLS #NP25023424
Attached garage4 spaces
FireplaceLiving Room, Primary Bedroom
ViewBay, City Lights, Other, Marina, Ocean, Panoramic, Pier
Summary
- MLS Number: NP25023424
- MLS Name: CRMLS
- Office Name: Pacific Sotheby's Int'l Realty
- Office Phone: (949) 287-1021
- Listing Agent: Amelie Mason
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/15/2025, 2:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$29,950,000
1504 W Oceanfront Unit 5
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
9
Harbor View Elementary School
Public District KG-6
1.3 mi
•900 Goldenrod Ave
8
Newport Elementary School
Public District KG-6
1.7 mi
•1327 W Balboa Blvd
8
Abraham Lincoln Elementary School
Public District KG-6
1.9 mi
•3101 Pacific View Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $133,019. The majority of Newport Beach, CA residents have income between $100k-200k annually. Typical family type is married, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
4%
<35k
30%
35k-100k
33%
100k-200k
33%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
40%
Single, No Kids
5%
Single, with Kids
41%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
7%
12-17 yrs old
11%
18-34 yrs old
43%
35-64 yrs old
30%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Hiking/backpacking
Men's Tennis
Where do the neighbors shop?
Chico's
Nordstrom Rack
Bloomingdales
Where do the neighbors go to eat?
Bonefish Grill
Chipotle
California Pizza Kitchen
What do the neighbors drive?
Cadillac
Mazda
Lexus
What do the neighbors listen to?
Classical
Rock
News
All data provided by Home Junction and Claritas
Similar homes for sale
#CV25027496, Ronald Fernandez, Listing Office: SOUTHLAND PROPERTIES
Tour
#PW24160342, Margaret Bowles, Listing Office: Coldwell Banker Realty
Tour
#NP24188110, Mary Hardesty, Listing Office: Mary Hardesty Realty
#NP25018447, Louise Stuart, Listing Office: Pacific Coast Realty Group
Tour
#NP25061642, Christopher Maddy, Listing Office: Pacific Sotheby's Int'l Realty
This home is located at 1504 W Oceanfront Unit 5 in Newport Beach, CA and zip code 92661 in the Balboa Peninsula neighborhood. This 7,609 square foot home, which was built in 1962, sits on a 0.11 acre lot. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since March 19, 2025 and is currently priced at $29,950,000.
In March 2025, from all listings sold in Newport Beach, CA there were more than 14 sold above asking price, over 54 sold below and more than 26 were sold right at the asked price. The inventory of homes for sale in Newport Beach, CA between February and March 2025 increased by 3.8%. In March 2025, listings were on the market for 43 days. During the same period, the median list price in this real estate market was $3,578,461.
From Rocket Homes Real Estate and based on county public records data.