For Sale
514 W Balboa
Newport Beach, CA 92661
$2,995,000
Listed by Levon Nargizyan, HouseIQ, Listing Broker
Listing broker contact: 818-510-1617
Advertised by Kyle Shutts, Arbor Real Estate (Advertising Broker), DRE# 02060736
About This Property
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.
Property Details
Price History
| Date | Event | Price |
|---|---|---|
| Mar 9, 2026 | Price reduced | $2,995,000−6.3% |
| Jan 18, 2026 | Listed for sale | $3,195,000 |
| Mar 3, 2022 | SoldListed by Jonathan Minerick, Homecoin.com | $2,393,000 |
| Sep 9, 2021 | Listed for sale | $2,395,000 |
| Apr 15, 2015 | SoldListed by Christopher Maddy, Villa Real Estate | $1,165,000 |
| Apr 16, 2015 | Listed for sale | $1,375,000 |
From this listing and earlier sales of the home recorded in CRMLS. Not a complete public-records history.
Location
Inquiries submitted through this site are answered by Kyle Shutts of Arbor Real Estate, the advertising broker, not the listing agent. Listing data provided by CRMLS. Information is deemed reliable but not guaranteed and should be independently verified. Square footage, lot size, and other details are approximate. This listing is subject to prior sale, change, or withdrawal without notice. Last updated .
← Back to all listings
Meet Kyle
Kyle Shutts
Real Estate Professional
Whether you’re buying your first home, upgrading, or selling a high-value property, my goal is simple: to protect your interests, maximize your outcome, and make the experience as smooth and stress-free as possible.
5.0
Google Rating
10+
Years Experience
1,000+
Transactions
$1B+
In Volume