122 Agate Ave, Newport Beach, CA, 92662
About This Home
Outstanding Balboa Island Commercial and Residential Mixed-Use building, centrally located near the Ferry, Balboa Pavilion, shopping, and restaurants. At 3,026 square feet, this is one of the largest buildings on the Island on a standard 30 x 85-foot lot. The lower-level commercial space has previously been leased as a dentist's office but would be ideal for a wide variety of retail or professional uses, and may also be leased as two separate commercial spaces. Behind this space are two large office/workshop areas, a half bathroom, and laundry facilities. The upstairs unit is bright and spacious, with three bedrooms, two baths, and an abundance of built-in storage. Completing the upper level is a huge, inviting, partially covered deck, perfect for daily living, dining, and entertaining. This unit is currently leased as a residence with long-term tenants. In the rear of the property is a two-car garage, plus open spaces for one or two additional vehicles. 122 Agate is a rare and exciting offering, perfect for a homeowner, entrepreneur, or investor!
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1937
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Mixed Use
Interior
Appliances
- Laundry features: Inside
Bedroom
- Features: All Bedrooms Up
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 2
- Main level bathrooms: 1
Features
- Balcony,All Bedrooms Up
- Flooring: Laminate
- Fireplace features: Outside
- Fireplace: Yes
- Common walls with other units/homes: 1 Common Wall
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 3,026 sqft
Property
Accessibility
- Accessibility features: Safe Emergency Egress from Home
Details
- Parcel number: 05005225
- Attached to another structure: Yes
- Zoning: R1.5
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: Bay
- Has water view: Yes
- Water view: Bay
Lot
- Lot size: 2,550 sqft
- Features: Walkstreet
Parking
- Total spaces: 4
- Parking features: Garage - Attached
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Uncovered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Earthquake
- Heat Wave
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Orange County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $16,155 | $193,860 |
| Home Insurance * | $207 | $2,484 |
| Property Taxes | $4,754 | $57,048 |
| Electricity | $648 | $7,786 |
| Total | $21,764 | $261,168 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-22 | Listed for sale | $3,195,000 |
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