514 W Balboa Newport Beach, CA 92661
2,178 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
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
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
Nearby Locations
- 10
Eastbluff Elementary School
Public | KG - 6
- 9
Newport Elementary School
Public | KG - 6
- 8
Newport Heights Elementary School
Public | KG - 6
- 8
Mariners Elementary School
Public | KG - 6
- 8
Kaiser Elementary School
Public | 3 - 6
- 8
Harbor View Elementary School
Public | KG - 6
- 5
Pomona Elementary School
Public | KG - 6
- 3
Whittier Elementary School
Public | KG - 6
- 0
St Joachim Elementary School
Private | PK - 8
- 0
Woodland Child Devt Center
Private | PK - 6
- 0
Woodland Elementary School
Public | KG - 2
- 0
Our Lady Queen of Angels School
Private | KG - 8
- 0
Newport Christian School
Private | PK - 6
- 10
Corona Del Mar Middle and High School
Public | 7 - 12
- 7
Ensign Intermediate School
Public | 7 - 8
- 8
Newport Harbor High School
Public | 9 - 12
- 0
Newport Academy Day School
Private | 9 - 12