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    215 Marine Ave Newport Beach, CA 92662

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    For Sale
    $1,749,000

    Mixed-use building on Balboa Island, walking distance to dining.

    Lot size:
    0.06 Acres

    Property Features for 215 Marine Ave

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1938

    Source: Flans & Weiner, Inc. Agent Larry Weiner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Balboa Island Mixed-Use Income Property

    This mixed-use building on Balboa Island presents a rare opportunity. The property is located within walking distance of restaurants. The building includes multiple units. Unit A, a front-facing remodeled unit, features 2 bedrooms and 1 bath, stack washer/dryer hookups, central A/C, and a kitchen with Viking stainless steel appliances. Unit B, a rear unit, is vacant and contains 1 bedroom and 1 bath, a kitchen with stainless steel appliances, and a laundry room with side-by-side washer/dryer hookups. Additionally, the property includes a storefront and a real estate office with a 2-car attached garage and alley access.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bikini Ally Swimwear Store Kimberleedrake Real Estate Agency Balboa Jewelry & Coin Jewelry Store

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Food Market Realty agency Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport Beach
    County
    Orange
    State
    California
    Longitude
    -117.8900047
    Latitude
    33.6063934

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building on Balboa Island, walking distance to dining.
    Where is this mixed-use property located?
    The property is located at 215 Marine Ave Newport Beach, CA.
    What is the asking price?
    The asking price for this property is $1,749,000.
    What are key features of this property?
    This property features: - Income-producing, mixed-use building.; - Located on Balboa Island, Newport Beach.; - Walking distance to restaurants and dining.
    (818) 501-4888
    Request Owner's contact information
    215 Marine Ave Newport Beach, CA 92662
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    Newport Beach, CA 92662
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    215 Marine Ave Newport Beach, CA 92662
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