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310 Marine Ave, Newport Beach, CA 92662
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310 Marine Ave Newport Beach, CA 92662

$3,495,000
  • 3 Beds
  • 3 Baths
  • 1,559 Sq.Ft.
For Sale
$3,495,000 Get Pre-Qualified
Map preview of 310 Marine Ave, Newport Beach, CA 92662

Property Overview: 310 Marine Ave Newport Beach, CA has 3 bedrooms, 3 bathrooms, 1,559 living square feet and 2,178 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: A rare and unparalleled opportunity arises with the offering of Sugar n' Spice, an enduring symbol of Balboa Island's rich history and community spirit. Established in 1945, this beloved property has stood the test of time, serving as a beacon of nostalgia and culinary delight for nearly eight decades. From its humble beginnings, Sugar n' Spice has woven itself into the fabric of the island, becoming a cherished destination where locals and visitors alike gather to indulge in its signature treats, including Balboa Bars and chocolate-dipped frozen bananas. Beyond its culinary offerings, Sugar n' Spice holds a special place in the hearts of the community, serving as a backdrop for countless memories and shared experiences. Generations of families have frequented this beloved landmark, forging connections and traditions that span lifetimes. With its timeless charm and storied history, Sugar n' Spice presents a unique opportunity for discerning buyers to own a piece of Balboa Island's heritage and continue the legacy of this treasured establishment. The property is mixed-use and offers a great residential unit in the rear of the building. Recent visual upgrades for this expansive three-bedroom and two-bathroom property include new paint, new lighting, new luxury vinyl plank flooring and a new roof. Things that are important also to a prospective Buyer that you might not see are the hardware & lining of the wastewater pipes were replaced and redone, as well as newly replaced drainage pipes in the front shop were also recently completed. The property is being sold in conjunction with the sale of the business through a private attorney. Both the front shop and back unit are both used by the current owner, so there is no lease history. However, based on the comparables on Marine, the current back residential could rent for $4850/month. The last commercial lease on BBI on Marine was at $15.29/square foot, comping this out at $6000/month for the front shop.

Listed by Annie Clougherty | BRE #01716801 | Compass
Last checked: 6 minutes ago | Last updated: March 6th, 2024 | Source CRMLS | DOM: 77
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Home details

Lot Sq. Ft
2,178
HOA Dues
$0/mo
Year built
1946
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
NP24024850
City
Newport Beach
County
Orange
Time on Site
91 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: --
  • # of Baths: 1
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $10,425
  • Trash: $5,217
  • Insurance: $13,755
  • Water/Sewer: $1,850
  • Other Expenses: $2,275

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Property Details for 310 Marine Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Central
Laundry Information
  • In Kitchen, Inside
Interior Features
  • Security Features: Carbon Monoxide Detector(s), Closed Circuit Camera(s), Security System, Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition, Flat
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 1
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 2
  • Parcel Number: 05015114
  • Year Built Source: Assessor
  • Entry Level: 1
  • Offered With Property: see inclusions list in supplements
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Sewer Connected
Location / Neighborhood
Location Information
  • Directions: Turn south onto Marine avenue from Bayside Drive.
View more facts & features

Local Newport Beach Agent

Sale History for 310 Marine Ave

Last sold for $504,500 on April 26th, 1995

  • February, 2024

  • Feb 7, 2024

    Date

    Active

    CRMLS: NP24024850

    $3,495,000

    Price

  • April, 1995

  • Apr 26, 1995

    Date

    Sold (Public Records)

    Public Records

    $504,500

    Price

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Tax History for 310 Marine Ave

Assessed Value (2020): $752,889
Year Land Value Improved Value Assessed Value
2020 $677,600 $75,289 $752,889

Home Value Compared to the Market

This property vs the competition

310 Marine Ave is listed 18.7% lower than the median list price for the city of Newport Beach which has a median list price of $4,298,800. The median price per/sqft for Newport Beach is $1,509 and this home is listed at $2241.82 per/sqft which puts the price per square foot 48.56% higher than the median price per square foot for the city of Newport Beach.

About 310 Marine Ave

Detailed summary of property

310 Marine Ave is a mixed use located in Newport Beach, CA 92662 and is currently for sale. This mixed use property offers 3 bedrooms, 3 bathrooms, roughly 1,559 living square feet, and sits on an approximately 2,178 square foot lot. 310 Marine Ave was first listed on ArdentRealEstateGroup.com on February 7, 2024. The homeowner is currently asking $3,495,000. The median priced home in Newport Beach is $4,298,800 with a median price per square foot of $1,509. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is listed 18.7% lower than the median priced home. Local competing homes currently for sale include 16347 Whittier Blvd, 2018 Locust Ave and 11627 Fidel Ave. While the average home in Newport Beach, CA is selling in 73 days, 310 Marine Ave has a days on market of 77 days. There are currently 275 homes for sale in the Newport Beach real estate market and 208 of them are single family homes while 54 of them are condos and 13 are townhomes. For more information on this home for sale at 310 Marine Ave Newport Beach, CA 92662 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 310 Marine Ave

Public county record property details
Beds
--
Baths
--
Year built
1946
Sq. Ft.
1,134
Lot Size
2,227
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Orange
Lot#
6
APN
050-151-14

The source for these homes facts are from public records.

92662 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$4,850,000
Median List Price/Sq.Ft.
$2,379
Median Sold Price
$6,300,000
Median Sold Price/Sq.Ft.
$2,734
Total Inventory
11
Median Sale to List Price %
98.51%
Avg Days on Market
19
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (66.67%), Other (33.33%)

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Recently Sold Homes Near 310 Marine Ave

320 Marine Ave, Newport Beach, CA 92662
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217 Marine Ave, Newport Beach, CA 92662
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$1,025,000 Last Sold Price
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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