1510 W Oceanfront, Newport Beach, California 92663, Newport Beach, - bed, bath

home-pic
ACTIVE$7,995,000
1510 W Oceanfront, Newport Beach, California 92663
0Bed
0Bath
4,384Sqft
3,075Lot
Year Built
1947
Close
-
List price
$8M
Original List price
$8.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25001303
Home ConditionGood
Features
Excellent View: Catalina, Coastline, Ocean, Water
Deck
Patio
ViewCatalina, Coastline, Ocean, Water

About this home

This exceptional three-unit beach house offers the ultimate coastal lifestyle, featuring two front units (3-bed/2-bath and 2-bed/2-bath) and a private rear unit (1-bed/1-bath), all thoughtfully designed for comfort and functionality. Highlights include a rooftop deck perfect for entertaining, a welcoming boardwalk patio and porch, and a rare three-car garage, combining practicality with stunning aesthetics. Perfectly situated along the boardwalk, this property is just steps from Marine Park, the iconic American Legion Post 291, and within walking distance to Newport Elementary, offering unmatched convenience and leisure. Don’t miss this rare opportunity to own a piece of beachfront paradise.

Price History

Date
Event
Price
08/14/25
Price Change
$7,995,000
01/05/25
Listing
$8,500,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (24 Listings)
Beds06
Baths04
Square foot4,3842,467
96%
Lot Size3,0752,614
68%
Price$8M$3.2M
92%
Price per square foot$1,824$1,404
84%
Built year19471963
12%
HOA
Days on market304181
88%
Condition Rating
Good

This triplex presents a mixed condition. Two of the three units (the front units) have undergone extensive, recent renovations, featuring modern kitchens with stainless steel appliances, quartz countertops, subway tile backsplashes, and recessed lighting. Their bathrooms are also updated with contemporary vanities, tiled showers, and fixtures. These units, along with the modern rooftop deck, would individually qualify as 'Excellent.' However, the third, rear unit, while clean and functional, shows signs of being significantly older in style. Its kitchen has dated white appliances and laminate countertops, and its bathroom features older tiled counters and fixtures. This rear unit's condition aligns more with 'Fair.' Considering the property as a whole, with two-thirds being recently renovated to a high standard and one-third being functional but dated, the overall condition is 'Good.' It is move-in ready, but the rear unit would benefit from updates to match the quality and aesthetic of the other two units.
Pros & Cons

Pros

Unbeatable Beachfront Location: Direct boardwalk access in Newport Beach, offering the quintessential coastal lifestyle and high demand for both personal use and rental income.
Income-Generating Triplex Configuration: Comprising three distinct units (3-bed, 2-bed, 1-bed), this property offers significant rental income potential or flexible multi-generational living arrangements.
Exceptional Outdoor Living & Views: Features a desirable rooftop deck perfect for entertaining and a welcoming boardwalk patio/porch, complemented by panoramic Catalina, coastline, and ocean views.
Valuable Three-Car Garage: A rare and highly sought-after amenity in a dense beach community, providing crucial off-street parking for multiple vehicles.
Prime Walkability to Local Amenities: Steps away from Marine Park, American Legion Post 291, and within walking distance to Newport Elementary, enhancing convenience and lifestyle appeal.

Cons

Property Age & Potential for Updates: Built in 1947, the property may require significant capital investment for system upgrades, modern finishes, or deferred maintenance to align with current luxury market expectations.
High Price Point & Recent Price Adjustment: The current list price of nearly $8 million, coupled with a recent $505,000 price reduction, suggests a potentially limited buyer pool or initial overvaluation in the market.
Limited Private Outdoor Space: The 3,075 sqft lot size, while typical for beachfront, offers minimal private yard space beyond the decks and patios, which might not appeal to all high-end buyers seeking more expansive grounds.

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