121 Marine Avenue, Newport Beach, California 92662, Newport Beach, 92662 - 3 bed, 3 bath
Loading property details...
121 Marine Avenue
Newport Beach, California 92662
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,633Sq Ft
2,614Lot Size
Property Price
LIST PRICE$3,490,000
EST. MARKET VALUE
$3,350,247
4% AboveMARKET VALUE
SUMMARY
This Remodeled Balboa Island Duplex is a High-Potential Investment Opportunity, listed at $3,490,000—positioned above the $3,154,908 Fair Market Value. While priced at a premium, the property features a Mint Condition Rating following a complete renovation, including white oak hardwood floors and central AC. The dual-unit configuration provides significant flexibility for rental income or multi-generational living. With its prime location steps from the South Bayfront, this asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey coastal retreat.
Estimated Market Value
$3,350,247
Based on Realkey algorithm analyzing recent comparable sales in Newport Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 121 Marine Avenue Subject 3 bd · 3 ba · 1,633 sqft · $2,052 | $3,490,000* List Price | 3 | 3 | 1,633 | $2,052 | - |
A 210 Opal Sold 5 bd · 3 ba · 2,024 sqft · $1,853 · 0.4 mi | $3,750,000 | 5 | 3 | 2,024 | $1,853 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although originally built in 1932, the property has just undergone a complete renovation. It features a brand new kitchen with quartz countertops, new white oak hardwood floors, new windows, and updated systems including central AC, placing it in mint, move-in ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated on the prestigious Balboa Island Main Island, the property is just steps from the South Bayfront and the Island Village, offering an quintessential Newport Beach lifestyle with high walkability.
- Dual-Unit Income Potential
This remodeled duplex features a 2-bedroom main cottage and a 1-bedroom rear unit, providing excellent flexibility for rental income, a guest retreat, or multi-generational living.
- Modernized Historic Charm
The 1932 structure has been thoughtfully renovated with high-end finishes like white oak flooring and quartz counters, and includes rare island amenities such as central AC and three total parking spaces.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2614, other record lot size in square feet = 2550. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1633, other record living area = 1745. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
- Premium Pricing
At a list price of $3.49M for 1,633 square feet, the property carries a high price-per-square-foot that may be a barrier for value-driven investors.
- Limited Outdoor Space
The compact 2,614 square foot lot is typical for Balboa Island but offers very limited private yard space or room for further structural expansion.
About 121 Marine Avenue
Remodeled Balboa Island Duplex blending modern upgrades with classic coastal charm. The bright single-level main cottage has just been completely renovated and showcases two bedrooms, two baths, beautiful new white oak hardwood floors, central AC, brand new kitchen with quartz counters, and a sunny raised front patio. The upper rear unit is an ideal retreat or rental opportunity. With one bedroom and one bath, it features a generous living space and updated amenities throughout, including new windows, flooring, and lighting. There are 2 single-car garages, each with its own laundry facilities, plus a parking space behind the garage. Steps from both the scenic South Bayfront and the welcoming Island Village, 121 Marine is the perfect place to call home.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1932
- Lot Size
- 2,614 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 5.1 |
| Baths | 3.0 | 3.7 |
| Square foot | 1,633 | 2,313.222 |
| Lot Size | 2,614 | 2,703.444 |
| Price | $3.49M | $3.37M |
| Price per sq ft | $2.1K | $1.8K |
| Built year | 1932 | 1954 |
| HOA | $0 | $0 |
| Days on market | 40 | 63 |
Pricing History
Listed for Sale
Sep 15, 2026
$3,490,000
Initial Listing
Sold
Jul 10, 2023
$2,560,000
Public Record