514 W Balboa, Newport Beach, CA 92661
514 W Balboa, Newport Beach, CA 92661
514 W Balboa, Newport Beach, CA 92661
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Lorenzo Vasquez

Lorenzo Vasquez

+1(559) 667-7612
$2,995,000
Est. payment /mo
2,178 Sqft Lot
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Balboa Peninsula (Commercial) (Bpcd)

MLS Listing ID SR25278723

Construction Status Turnkey

HOA Y/N No

Year Built 1964

Lot Size 2,178 Sqft

Property Sub-Type Mixed Use

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.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Interior

Interior Features Beamed Ceilings, Block Walls, In-Law Floorplan, All Bedrooms Up

Fireplace No

Laundry Common Area, Electric Dryer Hookup, Gas Dryer Hookup, In Garage

Exterior

Exterior Feature Barbecue

Parking Features Assigned, Door-Multi, Garage

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Biking, Dog Park, Hiking, Storm Drain(s), Street Lights, Sidewalks, Water Sports, Fishing, Park

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected

Waterfront Description Across the Road from Lake/Ocean,Beach Access,Ocean Access

View Y/N Yes

View City Lights, Ocean, Peek-A-Boo

Roof Type Common Roof

Total Parking Spaces 4

Private Pool No

Building

Lot Description Near Park, Rectangular Lot

Faces Southwest

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 04807110

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Lease Land No

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Listed by Levon Nargizyan HouseIQ 818-510-1617, DRE #01349548

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Lorenzo Vasquez

Lorenzo Vasquez

+1(559) 667-7612

Agent | License ID: 02072805

Agent License ID: 02072805

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