Listed by Ryan Gunderson of Arbor Real Estate (ryan@arborrealestate.com)
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.

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Based on information submitted to CRMLS as of May 20, 2026 10:51 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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