|Price/Rent PSF||$ 2,250,000.00|
|SQ. FT. Available||2,428|
Centrally located on Balboa Island's Commercial Corridor on Marine Avenue; one of California’s most visited destinations. Balboa Island has up to 100,000 tourists daily. Marine Avenue has one of the highest pedestrian traffic counts in the city.
100% Leased Mixed-Use Investment on Marine Avenue on Balboa Island (Newport Beach). Four (4) units comprised of two (2) ground floor retail and two (2) second-story residential studios.
Zoning is Mixed-Use Water Related (MU-W2). For mixed-use buildings, the FAR is a total of 1.25; with a maximum of 0.5 for ground level commercial plus 0.75 for second-story residential.
Newport Beach’s average annual household income is $180,876 and the median home price is over $1,700,000, one of the highest in the country.