Coastal Mixed-Use Investment
For Sale
$2,995,000
514 W Balboa, Newport Beach, CA 92661
Beachfront mixed-use property with residential and commercial income.
Property Size2,364 SF
Days on Market140
Property Features for 514 W Balboa
General Information
Standard status
Active
Size
2,364 SF
Property subtype
Investment
Building Details
Building Size
2,364 SF
Year Built
1964
Stories
2
Units
3
Listed By:
Levon Nargizyan
(818) 842-6800
Source:
Elliman
Added: Apr 24
Changed: Aug 26
Last Checked: Sep 9 at 10:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Levon Nargizyan
Investment Insights
Based on property information with market context.
This two-story mixed-use building is located on West Balboa Boulevard, directly across from the beach and boardwalk in Balboa Peninsula. The upper level features two tenant-occupied residential units, providing residential income and flexibility for future owner occupancy or continued rental operations. The ground floor is leased to an established restaurant tenant, delivering commercial cash flow and benefiting from foot traffic. The property is located near the Balboa Pier, Fun Zone, shops, and dining. The mixed-use zoning supports both residential and commercial use. There is potential for a roof terrace and outdoor space. This property offers immediate income from both residential and commercial tenants, while also offering the option for an owner to occupy a residential unit in the future. The location has a walk score of 90, indicating it is a walker's paradise, a bike score of 72, indicating it is very bikeable, and a transit score of 35, indicating some transit options are available.
Key Highlights
- Prime beachfront location directly across from the beach and boardwalk on Balboa Peninsula.
- Mixed‑use zoning provides diversified income from residential and commercial tenants.
- Immediate income from two tenant‑occupied residential units and an established restaurant.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,199
Businesses Nearby
Explore this area
Business Placement
Demographics for 92661, CA
3,457
Population
2,727
Households
1.3
Avg Household Size
48
Median Age
58%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
4,939
Density / Sq Mi
$209,620
Median Household Income
$135,407
Median Earnings
$2,836
Median Rent
$2,000,001
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Beachfront mixed-use property with residential and commercial income.
Where is this mixed-use property located?
The property is located at 514 W Balboa Newport Beach, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Prime beachfront location directly across from the beach and boardwalk on Balboa Peninsula.; Mixed‑use zoning provides diversified income from residential and commercial tenants.; Immediate income from two tenant‑occupied residential units and an established restaurant.
