Sold for $4,900,000

Listed by: Flans & Weiner, Inc. • Larry Weiner • Contact: 818-501-4888

Bought with: Compass

$4,900,000

215 Marine Ave, Newport Beach, CA 92662

3beds

--baths

3,080sqft

Mixed Use

Built in 1938

-- sqft lot

$4,918,200 Zestimate^®

$1,591/sqft

$5,707 Estimated rent

Home value

$4,918,200

$4.57M - $5.31M

$5,707/mo

Zestimate^® history

Owner options

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$5,707/mo

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$5,707/mo

Rent Zestimate^®

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$30,725/mo

Est. payment

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$30,725/mo

Est. payment

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What's special

Remodeled unit

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3

Appliances

Laundry: See Remarks

Features

Common walls with other units/homes: 1 Common Wall

Interior area

Total structure area: 3,080
Total interior livable area: 3,080 sqft

Property

Parking

Total spaces: 2
Parking features: Garage
Garage spaces: 2

Features

Levels: One
Stories: 1
Entry location: 2
Pool features: None

Lot

Size: 2,614 Square Feet
Features: Street Level

Details

Parcel number: 05016221
Special conditions: Trust

Construction

Type & style

Home type: MultiFamily
Property subtype: Mixed Use
Attached to another structure: Yes

Condition

New construction: No
Year built: 1938

Utilities & green energy

Sewer: Unknown
Water: Public

Community & HOA

Community

Features: Sidewalks
Subdivision: Balboa Island - Main Island (Balm)

Location

Region: Newport Beach

Financial & listing details

Price per square foot: $1,591/sqft
Tax assessed value: $2,593,579
Date on market: 10/15/2025
Cumulative days on market: 62 days
Listing terms: Cash to New Loan

Price history

Date	Event	Price
6/15/2026	Sold	$4,900,000-4.8%$1,591/sqft
Source: CRMLS #SR25240000 Report a problem
5/21/2026	Pending sale	$5,145,500+194.2%$1,671/sqft
Source: CRMLS #SR25240000 Report a problem
12/16/2025	Contingent	$1,749,000$568/sqft
Source: CRMLS #SR25240000 Report a problem
10/15/2025	Listed for sale	$1,749,000-24.8%$568/sqft
Source: CRMLS #SR25240000 Report a problem
10/21/2022	Price change	$6,500+18.2%$2/sqft
Source: Zillow Rental Manager Report a problem
10/17/2022	Listed for rent	$5,500$2/sqft
Source: Zillow Rental Manager Report a problem
9/22/2022	Listing removed	--
Source: Zillow Rental Manager Report a problem
8/3/2022	Price change	$5,500-8.3%$2/sqft
Source: Zillow Rental Manager Report a problem
6/24/2022	Listed for rent	$6,000+50%$2/sqft
Source: Zillow Rental Manager Report a problem
4/21/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
10/30/2020	Listed for rent	$4,000$1/sqft
Source: Owner Report a problem
11/15/2019	Sold	$2,325,000$755/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	--	$2,593,579 +2%
2025	$30,066 +1.5%	$2,542,725 +2%
2024	$29,630 +2.5%	$2,492,868 +2%
2023	$28,903 +11.6%	$2,443,989 +2%
2022	$25,904 +1.9%	$2,396,068 +2%
2021	$25,411 -27%	$2,349,087 +1%
2020	$34,813 +38.3%	$2,325,000 +212.9%
2019	$25,166 +198.7%	$742,939 +2%
2018	$8,424 +3.8%	$728,372 +2%
2017	$8,116	$714,091 +2%
2016	$8,116 +2.2%	$700,090 +1.5%
2015	$7,938	$689,574