18
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$4,395,000
Est. payment /mo
2,548 Sqft Lot
Active Under Contract
201 Marine Newport Beach, CA 92662
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Key Details
Property Type Commercial
Sub Type Office
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID NP26091336
HOA Y/N No
Lot Size 2,548 Sqft
Property Sub-Type Office
Property Description
Outstanding mixed-use building in an incredible corner-lot location on Balboa Island. This historic property is one of the most recognizable buildings on Marine Avenue, dating back to the 1930s, and has been completely remodeled within the past few years. The office is turnkey and well maintained, offering three exceptional units, including a main unit with spacious vaulted ceilings, one private office, ample desk area, kitchenette, bathroom, and conference room, plus two additional units with separate entrances along Park Avenue. Current total gross rents are approximately $22,000 per month, with agreed-upon extensions projected to potentially increase to over $26,000 per month in gross income, providing strong, stable income. The property is low maintenance with low operating costs and benefits from excellent long-term tenants, producing net income of over $200,000 in 2025. Whether for an investor or owner-user, this is a rare opportunity to acquire a classic piece of Balboa Island architecture in a premier corner location with outstanding visibility, an abundance of commercial traffic and exposure, along with potential for future residential development.
Location
State CA
County Orange
Area N9 - Lower Newport Bay - Balboa Island
Interior
Fireplace No
Laundry None
Building
Lot Description Rectangular Lot
Story 1
Water Public
Others
Tax ID 05016215
Special Listing Condition Standard
Listed by Ryan Gunderson Arbor Real Estate ryan@arborrealestate.com, DRE #01869795
NEARBY SCHOOL & BUSINESS