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Off market
  • $3,563,700

    225 Marine Ave, Newport Beach, CA 92662

    --beds
    0baths
    --sqft
    MultiFamily
    Built in 1934
    -- sqft lot
    $3,563,700 Zestimate®
    $--/sqft
    $6,106 Estimated rent

    Home value

    $3,563,700

    $3.06M - $4.24M

    $6,106/mo

    Zestimate® history
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    Owner options

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    $6,106/mo

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    $6,106/mo

    Rent Zestimate®

    Refinance and save

    $22,440/mo

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    $22,440/mo

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    What's special

    Outstanding mixed-use commercial building on Balboa Island's ultra-desirable Marine Ave. Features include an oversized retail space + garage/storage space and bath on the main level. The second floor has a beautiful remodeled executive office suite with hardwood floors, beamed ceilings and 3/4 bath. Both units are air conditioned with new condenser units servicing the main level. Current rents are $7,300/month for retail space, $200/month for the garage (currently used for storage) and $3,000 month (pro-forma) for office space. Owner currently occupies the office space and is willing to enter a lease through 2019 at the pro-forma rent $3000 per month rent. This is probably the finest building on Marine Avenue; it has great visibility and gets year-round foot and vehicular traffic. Don't miss this rare opportunity to purchase a commercial property on Balboa Island!

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • None, Other
    Features
    • Flooring: Other

    Property

    Parking
    • Total spaces: 1
    Features
    • Exterior features: Other
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 2,613 Square Feet

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Other
    Condition
    • Year built: 1934

    Community & HOA

    Location
    • Region: Newport Beach

    Price history

    DateEventPrice
    3/7/2016Sold$2,000,000-4.5%
    Source: Agent Provided Report a problem
    2/13/2016Pending sale$2,095,000
    Source: Abrams Coastal Properties #NP16004132 Report a problem
    1/8/2016Listed for sale$2,095,000-12.7%
    Source: Abrams Coastal Properties #NP16004132 Report a problem
    9/5/2015Listing removed$2,400,000
    Source: Abrams Coastal Properties #NP14251834 Report a problem
    3/18/2015Listed for sale$2,400,000
    Source: Abrams Coastal Properties #NP14251834 Report a problem
    2/6/2015Pending sale$2,400,000
    Source: Abrams Coastal Properties #NP14251834 Report a problem
    12/5/2014Listed for sale$2,400,000
    Source: Abrams Coastal Properties #NP14251834 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 92662

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $3,563,700
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $3,563,700