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Furnished Two-Bedroom Rental Home
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118 Marine, Newport Beach, CA 92662

Newport Beach, CA

Property Size750 SF
Lot Size0.06 Acres
Price / SF$5.33
Days on Market3

Property Features for 118 Marine

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 2
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 2, Bedroom 1, Laundry Room, Bathroom 1
Pets allowed Call
Subdivision Balboa Island - Main Island (BALM)
Lot features 0-1 Unit/ Acre
Elementary school district Newport Mesa Unified
Middle school district Newport Mesa Unified
High school district Newport Mesa Unified
Directions main cross streets are park and marine
Standard status Active
APN 05017304
Size 750 SF
Lot size 0.06 Acres

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1940
Floors in Building 2
Number of units 2
Listing Agency: Balboa Island Estates
Listed By: Lucas Kinney · License #01946207
Added: Oct 12 Changed: Oct 13 Last Checked: Oct 14 at 9:06PM
MLS# PW26222211

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This furnished two-bedroom residence offers 750 square feet of living space on a 0.06-acre lot. Interior features include beamed ceilings, hardwood flooring, a living area, a dining area, and a kitchen with stainless steel appliances and a gas range. A private outdoor area extends the living space. The home was built in 1940 and has public water and sewer service.

The property is on Marine Avenue in Newport Beach, one block from shops, dining, and bayfronts. The room layout also includes a laundry room and one bathroom.

Key Highlights

  • Two‑bedroom furnished residence with 750 square feet of living space
  • 0.06‑acre lot
  • Built in 1940

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick Locksmith Grocery & Convenience Store (Bike/Boat/Book/etc) Store Auto Parts Store Plumbing Service Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

1,198
Businesses Nearby

Demographics for 92662, CA

2,490
Population
1,869
Households
1.3
Avg Household Size
60
Median Age
68%
College-Educated
100%
High-School Grad
0.2 sq mi
ZIP Area
12,450
Density / Sq Mi
$162,045
Median Household Income
$83,322
Median Earnings
$2,736
Median Rent
$2,000,001
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Short term rental property - A private outdoor area complements the residence, with shops, dining, and bayfronts nearby.
Where is this short term rental property located?
The property is located at 118 Marine Newport Beach, CA.
What are key features of this property?
This property features: Two‑bedroom furnished residence with 750 square feet of living space; 0.06‑acre lot; Built in 1940
More about this property
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