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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.
Property Type(s):
Commercial
| Last Updated | 5/1/2026 | Year Built | 0 |
|---|---|---|---|
| Community | N9 - Lower Newport Bay - Balboa Island | County | Orange |
Additional Details
| AREA | N9 - Lower Newport Bay - Balboa Island |
|---|---|
| LOT | 2548 sq ft |
| LOT DESCRIPTION | Rectangular Lot |
| LOT DIMENSIONS | 2550 |
| STORIES | 1 |
| WATER | Public |
Location
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Listed with Arbor Real Estate
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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