215 Marine, Newport Beach, California 92662, Newport Beach, 92662 - bed, bath
215 Marine
Newport Beach, California 92662
Property Price
SUMMARY
Analysis of 215 Marine, Newport Beach, California 92662 is currently available with a list price of $1,749,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Newport Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Despite being built in 1938, the residential units, particularly Unit A, have undergone significant remodeling, as evidenced by the description and images. Unit A features central A/C and a kitchen with Viking stainless steel appliances, granite countertops, and updated wood cabinetry. Unit B also shows updated stainless steel appliances and modern flooring. The living spaces are bright, clean, and appear move-in ready with contemporary finishes. While the overall building is old, the visible residential and commercial spaces have been well-maintained and updated within the last 5-15 years, aligning with the 'Good' condition criteria for renovated properties.
PROSSTRENGTHS & OPPORTUNITIES
- Premier Balboa Island Location
Situated in the highly exclusive Balboa Island, Newport Beach, a top Southern California destination, ensuring high demand and property value.
- Diverse Income-Generating Asset
A mixed-use property featuring residential units, a storefront, and an office, providing multiple revenue streams and investment flexibility.
- Excellent Walkability & Local Amenities
Conveniently located within walking distance to gourmet restaurants and premiere dining, enhancing tenant appeal and lifestyle.
CONSRISKS & DEFICIENCIES
- Historic Building Age
Constructed in 1938, the property may present challenges related to aging infrastructure, potential for higher maintenance costs, or the need for further updates beyond the described remodels.
- Complex Acquisition Process
The sale is an 'AUCTION' and 'MAY BE SUBJECT TO COURT CONFIRMATION,' which can introduce delays, additional legal complexities, and uncertainty for potential buyers.
- Potential for Varied Property Condition
While one residential unit is remodeled, the overall condition of the other units and commercial spaces is not fully detailed, suggesting potential for varying levels of required upgrades or renovations.
About 215 Marine
FAMILY TRUST AUCTION!!! RARE OPPORTUNITY TO PURCHASE AN INCOME PRODUCING, MIXED USE BUILDING ON NEWPORT BEACH’S HIGHLY EXCLUSIVE BALBOA ISLAND, ONE OF SOUTHERN CALIFORNIA’S PREMIERE LOCATIONS. LOCATED WALKING DISTANCE TO GOURMET RESTAURANTS AND PREMIERE DINING. MAY BE SUBJECT TO COURT CONFIRMATION. 215 MARINE AVENUE – UNIT A FRONT FACING REMODELED UNIT. 2 BEDROOMS, 1 BATH. HIGHLIGHTS: STACK WASHER/DRYER HOOKUP. CENTRAL A/C. KITCHEN WITH VIKING STAINLESS STEEL APPLIANCES. 215 MARINE AVENUE – UNIT B REAR UNIT. VACANT. 1 BEDROOM, 1 BATH. HIGHLIGHTS: KITCHEN WITH STAINLESS STEEL APPLIANCES. LAUNDRY ROOM WITH SIDE BY SIDE WASHER/DRYER HOOKUP. 215½ MARINE AVENUE – BIKINI ALLEY (STORE FRONT). 215 MARINE AVENUE – REAL ESTATE OFFICE WITH 2 CAR ATTACHED GARAGE AND ALLEY ACCESS.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1938
- Lot Size
- 2,614 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1938 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Pricing History
Listed for Sale
Oct 15, 2025
$1,749,000
Initial Listing