$3,200,000
$3,275,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
4 Baths
2,350 SqFt
SOLD DATE : 04/01/2024
Key Details
Sold Price $3,200,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,350 sqft
Price per Sqft $1,361
Subdivision Corona Del Mar North Of Pch (Cnhw)
MLS Listing ID OC23133077
Sold Date 04/01/24
Bedrooms 5
Full Baths 4
HOA Y/N No
Year Built 1955
Lot Size 3,615 Sqft
Property Description
Welcome to the fabulous seaside community of Corona Del Mar, where the allure of luxurious beach living coupled with world class shopping & dining, makes this coastal paradise extremely attractive to discerning homebuyers, capable developers, and savvy investors!
Just a few short blocks to downtown CDM & to the beach, this beautiful duplex offers two spacious units: 2 bedroom 1 bathroom in the picture-perfect front cottage, and 3 bedrooms & 3 bathrooms in the rear unit. The property has a lovely central courtyard separating the front and rear units, community laundry, and a two car garage. Front unit has a lease through Summer of 2024 and rear is month-to-month. The property is being sold as-is.
This duplex is being offered for sale individually, or with the truly unique opportunity to purchase the neighboring duplex at 705 Narcissus at the same time! Our firm has both properties listed for sale so please call to discuss this option.
From a re-development perspective, the subject property is an ideal candidate for redevelopment individually or simultaneously with neighboring 705 Narcissus. The city of Newport Beach launched an incentive program for the preservation of beach cottages on January 25, 2022, which allows owners to build substantial additions (up to 50 percent of the existing floor area or a maximum of 750 square feet) without providing the minimum code-required parking. Only the structure affected by the renovation/addition will have to comply with current building code standards. Refer to city website for more details.
Showings will only be scheduled with qualified offers, and will be made by appointment only, do not disturb tenants.
Location
State CA
County Orange
Area Cs - Corona Del Mar - Spyglass
Rooms
Main Level Bedrooms 3
Interior
Cooling None
Fireplaces Type Living Room
Fireplace Yes
Laundry Common Area
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Gutter(s), Sidewalks
View Y/N No
View None
Attached Garage Yes
Total Parking Spaces 2
Private Pool No
Building
Lot Description Front Yard, Garden, Landscaped
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
School District Newport Mesa Unified
Others
Senior Community No
Tax ID 45907114
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Amy Hardy • Berkshire Hathaway HomeService
Real Estate Consultant | License ID: 01971542
+1(562) 595-3264 | karen@iwakoshirealtor.com