514 W Balboa, Newport Beach, CA 92661
- $2,995,000
- List Price
- $2,995,000
- Price Change
- ▼ $200,000 1773094602
- Status
- ACTIVE
- MLS#
- SR25278723
- Year Built
- 1964
- Lot Size
- 2,178
- Acres
- 0.05
- Lot Location
- Near Park, Rectangular Lot
- Days on Market
- 190
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
- Neighborhood
- Balboa Peninsula (Commercial) (Bpcd)
Property Description
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.
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Additional Information
- Pool Description
- None
- View
- City Lights, Ocean, Peek-A-Boo
- Exterior Construction
- Block
- Roof
- Common Roof
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Beamed Ceilings, Block Walls, In-Law Floorplan, All Bedrooms Up
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $139,200
- Operating Expense
- 5850
Listing courtesy of Listing Agent: Levon Nargizyan (imobiliare.inc@gmail.com) from Listing Office: HouseIQ.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.