Search
Remodeled Coastal Duplex
For Sale
$3,490,000

121 Marine Avenue, Newport Beach, CA 92662

Two separate residences offer updated interiors, garage parking, and individual laundry facilities.

Property Size1,633 SF
Days on Market12

Property Features for 121 Marine Avenue

General Information

Standard status Active
Size 1,633 SF
Total Parking Spaces 3
Property subtype Duplex

Units

Unit Mix 1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units 2

Amenities

central air conditioning
raised front patio
laundry facilities

Building Details

Building Size 1,633 SF
Year Built 1932
Buildings 1
Listing Agency: Abrams Coastal Properties
Listed By: Donald Abrams · License #01234323
Source: Stephanieyounggroup
Added: Sep 15 Changed: Sep 20 Last Checked: Sep 26 at 11:49AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Abrams Coastal Properties

Investment Insights

Based on property information with market context.

Built in 1932, this Balboa Island duplex includes a renovated main cottage and a separate upper rear residence. The single-level front unit contains two bedrooms and two baths, with white oak hardwood flooring, central AC, and a newly appointed kitchen with quartz countertops. A raised front patio adds outdoor space.

The upper unit provides one bedroom and one bath along with a generous living area. Improvements include new windows, flooring, and lighting. The property also has two single-car garages, each equipped with its own laundry facilities, plus an additional parking space behind the garages. Its Marine Avenue setting places the duplex near South Bayfront and Island Village in Newport Beach.

Key Highlights

  • Two‑residence duplex on Balboa Island
  • Renovated two‑bedroom, two‑bath main cottage
  • Upper unit includes one bedroom, one bath, and generous living space

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Balboa Island Gallery ... Art Gallery

Suggested Use

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

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

2
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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Two separate residences offer updated interiors, garage parking, and individual laundry facilities.
Where is this duplex located?
The property is located at 121 Marine Avenue Newport Beach, CA.
What is the asking price?
The asking price for this property is $3,490,000.
What are key features of this property?
This property features: Two‑residence duplex on Balboa Island; Renovated two‑bedroom, two‑bath main cottage; Upper unit includes one bedroom, one bath, and generous living space
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message