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514 W Balboa
For Sale $3,195,000
$3,195,000
- 3 Units
- Unknown Sq Ft
- 2,178 Sq Ft
- Unknown Cap Rate
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,195,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 4 spots |
| Year Built | 1964 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 04807110 |
| MLS # | SR25278723 |
| Property ID | 322515523 |
| Lot Sqft | 2,178 |
| Zoning | Unknown |
| Total Units | 3 |
| Days on Market | 63 |
| Original List Price | $3,195,000 |
| Date Updated | February 05, 2026 |
| Date Created | December 27, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $11,600 | $0 |
| Net Income (Yr) | $ 133,350 |
Listing Provided By
Levon Nargizyan an agent of . Lic #01349548
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of February 05, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT