215 Marine, Newport Beach, California 92662, Newport Beach, 92662 - 0 bed, 0 bath
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Newport Beach, California 92662
This Rare Mixed-Use Income Property on Balboa Island is listed at $5,145,500, representing a stable acquisition at its $5,145,500 Fair Market Value. Boasting a Good Condition Rating, the asset features a remodeled primary unit with Viking Stainless Steel Appliances and Central A/C, complemented by two Commercial Storefronts and a rear residential unit. The property offers Water Views and unparalleled walkability to Newport Beach’s premier dining. This high-end asset is a strategic choice for Portfolio Investors or Owner-Occupants seeking a prestigious, income-generating coastal sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 215 Marine Subject | $5,145,500* List Price | 0 | 0 | 3,080 | $1,671 | - |
A 222 Marine Active | $4,200,000 List Price | 0 | 0 | 2,500 | $1,680 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
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.
Situated in the highly exclusive Balboa Island, Newport Beach, a top Southern California destination, ensuring high demand and property value.
A mixed-use property featuring residential units, a storefront, and an office, providing multiple revenue streams and investment flexibility.
Conveniently located within walking distance to gourmet restaurants and premiere dining, enhancing tenant appeal and lifestyle.
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.
The sale is an 'AUCTION' and 'MAY BE SUBJECT TO COURT CONFIRMATION,' which can introduce delays, additional legal complexities, and uncertainty for potential buyers.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| 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% |
Mar 13, 2026
$5,145,500
$1,749,000
+194% Price Increase
Initial Listing
Oct 15, 2025
$1,749,000
Initial Listing