1504 W Oceanfront #5, Newport Beach, CA, 92661
About This Home
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.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1962
Type & Style
- Home type: MultiFamily
- Property subType: Triplex
Interior
Appliances
- Laundry features: Common Area,Electric Dryer Hookup,Gas Dryer Hookup
Bedroom
- Features: Bedroom on Main Level
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Cooling
- Cooling features: Central Air,Dual,Zoned
Features
- Beamed Ceilings,Built-in Features,Balcony,Cathedral Ceiling(s),Multiple Staircases,Bar,Bedroom on Main Level
- Fireplace features: Living Room,Primary Bedroom
- Fireplace: Yes
- Common walls with other units/homes: 1 Common Wall
Interior Area
- Total interior livable area: 7,609 sqft
Property
Details
- Parcel number: 04721128
- Attached to another structure: Yes
- Special condition: Standard
Features
- Levels: Multi/Split
- Entry location: 1
- Pool features: None
- Patio & porch: Deck,Rooftop
- Has spa: Yes
- Spa features: Roof Top
- Has view: Yes
- View description: Bay,City Lights,Coastline,Courtyard,Marina,Ocean,Panoramic,Pier
- Has water view: Yes
- Water view: Bay,Coastline,Marina,Ocean,Pier
Lot
- Lot size: 5,000 sqft
- Features: 0-1 Unit/Acre,Corner Lot
- Lot size dimensions: 50 x 100
Parking
- Total spaces: 4
- Parking features: 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 | $141,330 | $1,695,960 |
| Home Insurance * | $1,857 | $22,284 |
| Property Taxes | $14,906 | $178,872 |
| Electricity | $1,631 | $19,579 |
| Total | $159,724 | $1,916,688 |
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 |
|---|---|---|
| 2026-01-23 | Listed for sale | $27,950,000 |
| 2025-12-23 | Listing removed | $29,950,000 |
| 2025-06-23 | Listed for sale | $29,950,000 |
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