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514 W Balboa

Newport Beach, CA 92661
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Bed 0

Bed

Bath 0

Bath

SqFt2,364

Sqft

SqFt2,178

Sqft(Lot)

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 commerci al 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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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,995,000

AD Id : 74327032

MLS Id : SR25278723

Lot Size : 2,178 Sqft

Living Area Size : 2,364

Year Built : 1964

Garage : 4

County : Orange

Subdivision: Fallbrook

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Feature Features

  • Interior Features

    Beamed Ceilings, Block Walls, In-Law Floorplan, All Bedrooms Up
    Roof: Common Roof
    Laundry Features: Common Area, Electric Dryer Hookup, Gas Dryer Hookup, In Garage

  • Building Information

    Year Built: 1964
    Building Area Total: 2364
    Construction Materials: Block
    Stories: 2
    Pool Features: None
    Private Pool: No
    Water front Features: Across the Road from Lake/Ocean,Beach Access,Ocean Access
    View: City Lights, Ocean, Peek-A-Boo
  • Exterior Features

    Exterior Features: Barbecue

  • Lot Information

    Main Square Feet: 2178 Lot Size Acres: 0.05 Lot Size Source: Assessor Lot Size Square Feet: 2,178 Lot Description: Near Park,Rectangular Lot

    Property Information

    Subdivision: Balboa Peninsula (Commercial) (BPCD) Source Property Type: Residential Income Property SubType: Mixed Use Direction Faces: Southwest Levels: Two Property Age: 62

  • Listing Price Information

    Listing Price: $2995000
    Original Price: $3195000
    Cash, Conventional

  • Tax Information

    Parcel Number: 04807110 Tax Lot: 15 Tax Block: 3

  • Parking Information

    Parking Total: 4 Assigned, Door-Multi, Garage

    Garage Information

    Has Garage: Yes Garage Space: 4

  • Utility Information

    Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
  • Location Information

    Direction: W Balboa Blvd WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2137 Miramar, Newport Beach, CA, 92661 $589,999 4 3 2,088 2,088 SqFt
2258 Channel Road, Newport Beach, CA, 92661 $21,500,000 7 7 8,433 8,433 SqFt
2050 E Ocean, Newport Beach, CA, 92661 $3,800,000 3 2 1,633 1,633 SqFt
1730 E Ocean Boulevard, Newport Beach, CA, 92661 $4,995,000 3 3 2,200 2,200 SqFt
1703 Plaza Del Sur, Newport Beach, CA, 92661 $909,000 4 5 3,117 3,117 SqFt
1713 Miramar Drive, Newport Beach, CA, 92661 $3,395,000 3 2 1,152 1,152 SqFt
1717 E Ocean Boulevard, Newport Beach, CA, 92661 $8,349,000 4 5 3,118 3,118 SqFt
1617 E Balboa Boulevard, Newport Beach, CA, 92661 $5,888,000 4 3 2,078 2,078 SqFt
1589 E Ocean Boulevard, Newport Beach, CA, 92661 $3,998,000 4 5 3,052 3,052 SqFt
1508 E Balboa Boulevard, Newport Beach, CA, 92661 $6,995,000 4 5 3,316 3,316 SqFt

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ByOwner last updated this listing 07/25/2026 @ 11:44

MLS: SR25278723 LISTED BY: Levon Nargizyan, HouseIQ 818-380-8080 SOURCE: CRMLS

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