A boutique multi-tenant retail and office investment located on a prime corner on Balboa Island. This highly visible storefront property is one of the most recognizable buildings on Marine Avenue and has been recently renovated.
The property consists of three units with strong in-place income and 100% occupancy. The main unit features vaulted ceilings, private office, conference room, and kitchenette, with two additional units offering separate entrances along Park Avenue.
Current rents are approximately $22,000 per month with structured increases already in place, providing a clear path to higher income. The property benefits from low operating costs and strong long-term tenancy, producing over $200,000 in annual net operating income.
Ideal for an investor or owner-user seeking a well-located asset with stable income and long-term upside in one of Newport Beach’s most desirable retail corridors.