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For sale
    • Listed by: HouseIQ • Levon Nargizyan • Contact: 818-510-1617
    $2,995,000

    514 W Balboa Blvd, Newport Beach, CA 92661

    3beds
    4baths
    2,364sqft
    : 
    $19,673/mo
    Get pre-qualified
    Mixed Use
    Built in 1964
    -- sqft lot
    $-- Zestimate®
    $1,267/sqft
    $-- HOA

    What's special

    Classic two-story mixed-use building
    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.
    202 days
    |
    446
    |
    23
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Levon Nargizyan DRE #01349548 818-510-1617,

    HouseIQ

    Source: CRMLS,MLS#: SR25278723MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 4
      Rooms
      • Room types: Bedroom
      Bedroom
      • Features: All Bedrooms Up
      Appliances
      • Laundry: Common Area, Electric Dryer Hookup, Gas Dryer Hookup, In Garage
      Features
      • Beamed Ceilings, Block Walls, In-Law Floorplan, All Bedrooms Up
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 2,364
      • Total interior livable area: 2,364 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: Assigned, Door-Multi, Garage
      • Garage spaces: 4
      Features
      • Levels: Two
      • Stories: 2
      • Entry location: Ground
      • Exterior features: Barbecue
      • Pool features: None
      • Has view: Yes
      • View description: City Lights, Ocean, Peek-A-Boo
      • Has water view: Yes
      • Water view: Ocean
      • Waterfront features: Across the Road from Lake/Ocean, Beach Access, Ocean Access
      Lot
      • Size: 2,178 Square Feet
      • Features: Near Park, Rectangular Lot
      Details
      • Parcel number: 04807110
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Mixed Use
      Materials
      • Block
      • Foundation: Slab
      • Roof: Common Roof
      Condition
      • Turnkey
      • New construction: No
      • Year built: 1964

      Utilities & green energy

      • Electric: Electricity - On Property, 220 Volts in Garage, 220 Volts in Kitchen
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected

      Community & HOA

      Community
      • Features: Biking, Dog Park, Hiking, Storm Drain(s), Street Lights, Sidewalks, Water Sports, Fishing, Park
      • Subdivision: Balboa Peninsula (Commercial) (Bpcd)
      Location
      • Region: Newport Beach

      Financial & listing details

      • Price per square foot: $1,267/sqft
      • Date on market: 1/18/2026
      • Cumulative days on market: 203 days
      • Listing terms: Cash,Conventional
      • Total actual rent: 11600
      • Tenant pays: All Utilities
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $5,637/mo

        Price history

        DateEventPrice
        3/9/2026Price change$2,995,000-6.3%$1,267/sqft
        Source: CRMLS #SR25278723 Report a problem
        1/19/2026Listed for sale$3,195,000+33.4%$1,352/sqft
        Source: CRMLS #SR25278723 Report a problem
        11/23/2019Listing removed$2,395,000$1,013/sqft
        Source: Coldwell Banker Residential Brokerage - Pacific Palisades #19-500934 Report a problem
        8/27/2019Listed for sale$2,395,000+4.4%$1,013/sqft
        Source: Coldwell Banker Residential Brokerage #19-500934 Report a problem
        9/24/2018Listing removed$2,295,000$971/sqft
        Source: Blue Lighthouse Realty #OC17221592 Report a problem
        5/17/2017Listed for sale$2,295,000+77.2%$971/sqft
        Source: HOM Sotheby's International Re #NP17108640 Report a problem
        4/21/2016Listing removed$1,295,000$548/sqft
        Source: Villa Real Estate #NP14215824 Report a problem
        4/15/2016Pending sale$1,295,000$548/sqft
        Source: Villa Real Estate #NP14215824 Report a problem
        4/15/2016Listed for sale$1,295,000+11.2%$548/sqft
        Source: Villa Real Estate #NP14215824 Report a problem
        4/15/2015Sold$1,165,000-10%$493/sqft
        Source: Agent Provided Report a problem
        12/23/2014Pending sale$1,295,000$548/sqft
        Source: Villa Real Estate #NP14215824 Report a problem
        12/12/2014Price change$1,295,000-5.8%$548/sqft
        Source: Villa Real Estate #NP14215824 Report a problem
        10/8/2014Listed for sale$1,375,000$582/sqft
        Source: Villa Real Estate #NP14215824 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 92661

        Getting around

        68 / 100
        Somewhat Walkable
        22 / 100
        Minimal Transit
        69 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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