$9,900,000
$1M PRICE DROP PRE-FORECLOSURE The borrower is in default on their loan obligation and/or the bank or lender has initiated foreclosure proceedings. This property is occupied, do not disturb the occupants. Trespassing is a criminal offense.

5901 Seashore Dr Newport Beach, CA 92663

West Newport Beach Neighborhood

Estimated payment $61,718/month

Total Views 6,820
6 Beds
-- Bath
3,185 Sq Ft
$3,108 Price per Sq Ft

Highlights

  • White Water Ocean Views
  • Main Floor Primary Bedroom
  • No HOA
  • Newport Elementary School Rated A
  • Corner Lot
  • 3-minute walk to West Newport Park

About This Home

ORIGINAL LIST PRICE $10,900,000, NOW...$9,900,000, ONE OF ONLY 2 OF THE FINEST OCEAN FRONT CORNERS IN WEST NEWPORT, PROVIDES ALL DAY SUN FROM THE LARGEST LOT ON QUIET, UNCROWDED WHITE SAND NON-BOARDWALK BEACH, WITH SPECTACULAR PANORAMIC OCEAN/COASTLINE VIEWS FROM THE NEWPORT PIER TO PT. FERMIN IN FRONT WITH NO HOMES BEHIND. IMPROVED WITH 2 OCEAN FRONT MID-CENTURY NATURAL LIGHT FILLED CONTEMPORARY UNITS (CAN'T BE DUPLICATED). UPPER: 3 BEDROOMS, 1-3/4 BATHS, FAMILY ROOM, LARGE DECK, BREATHTAKING VIEWS; KITCHEN, BATH REMODELS NOT COMPLETED; PROFORMA $13,000/MO, LOWER: 3 BEDROOMS, 1-3/4 BATHS FRONT PATIO/YARD, OCEAN VIEWS.TENANT OCCUPIED, $6,675/MO., 3 CAR GARAGE (CAN'T BE DUPLICATED), AND 3/4 BEACH BATH. POTENTIAL: COMPLETE UPPER UNIT KITCHEN, BATH RENOVATIONS, ENJOY AS IS. RENOVATE FOR USE AS A DUPLEX OR A SINGLE-FAMILY RESIDENCE WITH ADU. CONVERT OWNERSHIP TO TENANT IN COMMON (TIC) WHICH CREATES SEPARATE UNDIVIDED PERCENTAGE OWNERSHIP INTEREST FOR UPPER AND LOWER UNIT THAT CAN BE INDIVIDUALLY BOUGHT AND SOLD. BUILD A WORLD-CLASS HOME PERFECTLY LOCATED "FRONT ROW" ON THE OCEAN TO ALL THE WONDERFUL EXPERIENCES NEWPORT BEACH HAS TO OFFER.

Listing Agent

Robert Schumann

Real Estate West, Inc. Brokerage Email: realestatewest@verizon.net License #00481263 Listed on: 08/21/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 2,700 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot
  • Rectangular Lot

Parking

  • 3 Car Garage
  • Parking Available

Property Views

  • White Water Ocean
  • Coastline
  • Views of a pier
  • Catalina
  • Panoramic

Home Design

  • Duplex
  • Entry on the 1st floor
  • Flat Roof Shape

Interior Spaces

  • 3,185 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry Room
  • Laundry on upper level
  • Laundry in Garage

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Legal Lot and Block 1 / 59
  • Tax Tract Number 523
  • Assessor Parcel Number 04510405
  • $513 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Balboa Peninsula Subdivision

Recreation

  • Water Sports
  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $9,082
  • Trash Expense $639
  • Water Sewer Expense $639
  • New Taxes Expense $130,800
  • Operating Expense $141,160
  • Gross Income $8,010,000
  • Net Operating Income $12

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Water Sewer Expenses: 639.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 04510405
  • Year Built: 1965
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 3108.32
  • Room Type: Main Floor Primary Bedroom

Exterior Features

  • View: Catalina, Coastline, Ocean, Panoramic, Pier, White Water
  • Pool Private: No
  • Roof: Flat

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: In Garage, Individual Room, Upper Level
  • Sewer: Public Sewer
  • Trash Expense: 639.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Watersports

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Rectangular Lot
  • Lot Size Sq Ft: 2700.00
  • Lot Size Acres: 0.0620

Multi Family

  • Gross Income: 8010000.00
  • Gross Scheduled Income: 80000.00
  • Insurance Expense: 9082.00
  • Lot Size Area: 2700.0000 Square Feet
  • Net Operating Income: 12.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 12.00
  • Rent Control: No
  • Total Expenses: 141160.00

Tax Info

  • New Taxes Expense: 130800.00
  • Tax Block: 59
  • Tax Lot: 1
  • Tax Tract Number: 523
  • TaxOtherAnnualAssessmentAmount: 513.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2025 11/04/25 For Sale $3,999,000 -59.6% $3,112 / Sq Ft
10/03/2025 10/03/25 Price Changed $9,900,000 -2.9% $3,108 / Sq Ft
09/29/2025 09/29/25 Price Changed $10,200,000 -1.9% $3,203 / Sq Ft
09/11/2025 09/11/25 Price Changed $10,400,000 -4.6% $3,265 / Sq Ft
08/21/2025 08/21/25 For Sale $10,900,000 0.0% $3,422 / Sq Ft
09/21/2019 09/21/19 Rented $5,400 +20.0% --
08/10/2019 08/10/19 For Rent $4,500 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25186431

California Regional Multiple Listing Service (CRMLS)

APN: 045-104-05

California Orange County Newport Beach 92663 West Newport Beach

5901 Seashore Dr, Newport Beach, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Robert Schumann
Listing Agent
Robert Schumann
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Real Estate West, Inc.
(949) 710-4997