514 W Balboa Blvd, Newport Beach, CA, 92661
About This Home
Rare coastal investment property located on West Balboa Boulevard, directly across from the beach and boardwalk in the highly desirable Balboa Peninsula. This classic two-story mixed-use building offers diversified income in one of Southern California’s most sought-after beachfront markets. The upper level features two residential units currently tenant-occupied, providing steady residential income and the flexibility for future owner occupancy or continued rental operations. The ground floor is leased to an established restaurant tenant, delivering consistent commercial cash flow and benefiting from strong foot traffic in this prime coastal corridor. • Prime beachfront location near the Balboa Pier, Fun Zone, shops, and dining • Mixed-use zoning supporting both residential and commercial use • Two income-producing residential units upstairs • Tenant-occupied restaurant space on the ground floor • Potential roof terrace and outdoor space adding lifestyle and value appeal This property presents an exceptional opportunity for investors seeking immediate income from both residential and commercial tenants, while also offering the option for an owner to occupy a residential unit in the future. Positioned in a high-visibility, high-demand coastal market, this asset combines long-term stability with upside potential in a truly premier Newport Beach location.
Getting Around
Somewhat Walkable
Minimal Transit
BikeableSchools
Construction
Condition
- Property condition: Turnkey
- Year built: 1964
Materials
- Foundation: Slab
- Roof: Common Roof
- Construction materials: Block
Type & Style
- Home type: MultiFamily
- Property subType: Mixed Use
Interior
Appliances
- Laundry features: Common Area,Electric Dryer Hookup,Gas Dryer Hookup,In Garage
Bedroom
- Features: All Bedrooms Up
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 4
Features
- Beamed Ceilings,Block Walls,In-Law Floorplan,All Bedrooms Up
- Common walls with other units/homes: No Common Walls
Interior Area
- Total structure area: 2,364
- Total interior livable area: 2,364 sqft
Property
Details
- Parcel number: 04807110
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Entry location: Ground
- Pool features: None
- Exterior features: Barbecue
- Has view: Yes
- View description: City Lights,Ocean,Peek-A-Boo
- Has water view: Yes
- Water view: Ocean
- Waterfront features: Across the Road from Lake/Ocean,Beach Access,Ocean Access
Lot
- Lot size: 2,178 sqft
- Features: Near Park,Rectangular Lot
Parking
- Total spaces: 4
- Parking features: Assigned,Door-Multi,Garage
- Has garage: Yes
- Attached garage spaces: 4
- Covered spaces: 4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Earthquake
- Inland Flooding
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Orange County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $15,144 | $181,728 |
| Home Insurance * | $199 | $2,388 |
| Property Taxes | $1,597 | $19,164 |
| Electricity | $506 | $6,083 |
| Total | $17,446 | $209,352 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-09 | Price change | $2,995,000 |
| 2026-01-19 | Listed for sale | $3,195,000 |
| 2019-11-23 | Listing removed | $2,395,000 |
| 2019-08-27 | Listed for sale | $2,395,000 |
| 2018-09-24 | Listing removed | $2,295,000 |
| 2017-05-17 | Listed for sale | $2,295,000 |
| 2016-04-21 | Listing removed | $1,295,000 |
| 2016-04-15 | Pending sale | $1,295,000 |
| 2016-04-15 | Listed for sale | $1,295,000 |
| 2015-04-15 | Sold | $1,165,000 |
| 2014-12-23 | Pending sale | $1,295,000 |
| 2014-12-12 | Price change | $1,295,000 |
| 2014-10-08 | Listed for sale | $1,375,000 |
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