514 W Balboa,Newport Beach, CA 92661
Newport Beach, CA 92661
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.
Details
| MLS # | SR25278723 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1964 |
| Days On Site | 224 |
| Listing Provided By | HouseIQ | Levon Nargizyan |
Features
| SQ Feet | 2,364 |
|---|---|
| Garage | 4 |
| Story(s) | 2 |
| Units | 3 |
| Building(s) | 1 |
| Acreage | 0.05 |
| Water Front | Yes |
| Property View | Yes |
Interior
| Interior Features | Beamed Ceilings, Block Walls, In Law Floorplan, All Bedrooms Up |
|---|
Exterior
| Exterior Features | Barbecue |
|---|---|
| Roof | Common Roof |
| Construction Materials | Block |
| Foundation Details | Slab |
| Lot Features | Near Park, Rectangular Lot |
Parking
| Parking Features | Assigned, Door Multi, Garage |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected |
|---|---|
| Electric | Electricity On Property, Volts220In Garage, Volts220In Kitchen |
| Sewer | Public Sewer |
Location
| Community Features | Biking, Dog Park, Hiking, Storm Drains, Street Lights, Sidewalks, Water Sports, Fishing, Park |
|---|
Area Information
| State | CA |
|---|---|
| County | Orange |
| City | Newport Beach |
| Zip Code | 92661 |
| Area | NP Balboa Peninsula |
| Community Name | Balboa Peninsula (Commercial) (BPCD) |
| Listing VS Median (in Balboa Peninsula (Commercial) (BPCD)) | |
Price: $2,995,000 low | high Med: $2,995,000 sqft: 2,364 low | high Med: 2,364 $ / sqft: $1,267 low | high Med: $1,267 On site: 224 low | high Med: 224 | |
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Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Newport Beach |
| Zip Code | 92661 |
| Area | NP Balboa Peninsula |
| Community Name | Balboa Peninsula (Commercial) (BPCD) |
| Listing VS Median (in Balboa Peninsula (Commercial) (BPCD)) | |
Price: $2,995,000 low | high Med: $2,995,000 sqft: 2,364 low | high Med: 2,364 $ / sqft: $1,267 low | high Med: $1,267 On site: 224 low | high Med: 224 | |
 | $3,448,000126 E BalboaNewport Beach, CA 92661 |