215 Marine, Newport Beach, California 92662, Newport Beach, - bed, bath

home-pic
ACTIVE$1,749,000
215 Marine, Newport Beach, California 92662
0Bed
0Bath
3,080Sqft
2,614Lot
Year Built
1938
Close
-
List price
$1.75M
Original List price
$1.75M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SR25240000
Home ConditionGood
Features
Good View:
View-

About this home

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.

Price History

Date
Event
Price
10/15/25
Listing
$1,749,000
Condition Rating
Good

Despite being built in 1938, the residential units (A and B) have undergone significant renovations, as indicated by the description and supported by the images. Unit A is explicitly stated as 'remodeled' with Central A/C and Viking Stainless Steel Appliances. Both kitchens feature stainless steel appliances (including Viking ranges), granite countertops, and well-maintained wood cabinetry, along with updated flooring and recessed lighting. While the cabinet style and backsplash might not be the absolute latest trend, they are clean, functional, and in good condition, suggesting a renovation within the last 5-15 years. The living areas are bright, modern, and move-in ready. The garage is also very clean with an epoxy floor. The property is well-maintained and requires no immediate renovations, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

Prime & Exclusive Location: Located on Newport Beach’s highly exclusive Balboa Island, a premiere Southern California location, offering significant prestige and desirability.
Mixed-Use & Income Producing: A rare opportunity to acquire an income-producing, mixed-use building with diverse revenue streams from residential units, a storefront, and an office space.
Exceptional Walkability: The property boasts excellent walkability, being within walking distance to gourmet restaurants and premiere dining options.
Remodeled Unit A with Modern Amenities: Unit A is a front-facing, remodeled unit featuring central A/C, Viking stainless steel kitchen appliances, and stackable washer/dryer hookups.
Versatile Commercial Spaces: Includes a commercial storefront (Bikini Alley) and a real estate office with a 2-car attached garage and alley access, providing flexible business opportunities.

Cons

Auction & Court Confirmation: The property is being sold via family trust auction and may be subject to court confirmation, which can introduce uncertainty and potential delays in the transaction process.
Age of Building: Built in 1938, the property's age suggests potential for older infrastructure, deferred maintenance in un-remodeled sections, or higher renovation costs for certain areas.
Vacant Unit B: Unit B is currently vacant, representing a temporary gap in rental income and requiring immediate effort to secure a tenant or prepare for owner-occupancy.

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