514 Balboa, Newport Beach, CA 92661
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514 Balboa,Newport Beach, CA 92661
$2,995,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: levon nargizyan
Office: houseiq
MLS#:SR25278723
Source:MLSListings
Price summary
- Price:$2,995,000
About this home
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 lon...
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Home facts
- Year built:1964
- Listing ID #:SR25278723
- Added:288 day(s) ago
- Updated:November 04, 2026 at 06:42 PM
Structure and exterior
- Year built:1964
- Lot area:0.05 Acres
- Lot Features:Greenbelt, Mid Block
- Exterior Features:Barbecue Area
- Foundation Description:Concrete Slab
Utilities
- Water:District - Public
Finances and disclosures
- Price:$2,995,000
Features and amenities
- Laundry features:In Garage, Laundry Area
Parking
- Parking description:Assigned Spaces, Garage
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