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3-Bedroom Rental Cottage
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118 Marine, Newport Beach, CA 92662

Newport Beach, CA

Property Size1,200 SF
Lot Size0.06 Acres
Price / SF$6.67
Days on Market3

Property Features for 118 Marine

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 3
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 2, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3, Laundry Room
Parking 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 cross streets are park and marine
Standard status Active
APN 05017304
Size 1,200 SF
Lot size 0.06 Acres

Utilities

Sewer type Public Sewer
Water source Public

Amenities

front brick patio
private side patio
wet bar

Building Details

Year built 1940
Floors in Building 1
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 7:06PM
MLS# PW26222194

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 single-level cottage contains 1,200 square feet, with three bedrooms and three full ensuite bathrooms. Built in 1940, the home has vaulted ceilings with exposed rafters, wide-plank flooring, and a living area that opens to a front brick patio. A separate side patio and a media nook with a wet bar add to the interior and outdoor layout.

The kitchen is equipped with white shaker cabinetry, granite countertops, a glass-top electric range, a built-in microwave, and a dishwasher. Public water and public sewer serve the property, which occupies 0.06 acres.

The cottage is on Marine Avenue on Balboa Island. Shops and restaurants are located along the avenue, and South Bayfront is within walking distance.

Key Highlights

  • Three bedrooms, each with a full ensuite bathroom
  • 1,200‑square‑foot single‑level cottage built in 1940
  • 0.06‑acre lot with front brick patio and separate side patio

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
Yes
Paved road access

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
Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Each of the three bedrooms has its own full bathroom, within a single-level cottage layout.
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: Three bedrooms, each with a full ensuite bathroom; 1,200‑square‑foot single‑level cottage built in 1940; 0.06‑acre lot with front brick patio and separate side patio
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