718 Iris Avenue, Corona del Mar, CA 92625

$2,995,000
6
BD
6
BA
3,000
SqFt
List Price
$2,995,000
Status
ACTIVE UNDER CONTRACT
MLS#
NP22209923
Year Built
1974
Bedrooms
6
Bathrooms
6
Living Sq. Ft
3,000
Lot Size
3,528
Acres
0.08
Lot Location
Front Yard, Landscaped
Days on Market
59
Property Type
Single Family Residential
Property Sub Type
Duplex
Stories
Two Levels
Neighborhood
Corona Del Mar North Of Pch (Cnhw)

Property Description

This attractive duplex constructed in the mid-70s exhibits an excellent rental history with the ability for a buyer to grow in-place rents or substantially increase proforma rents through a conservative remodel. Each unit features attractive and well-maintained 3 bed/3 bath configurations with some enhancements over the years, such as plank vinyl flooring and partial window replacements. Given the current configuration of the building, one could endeavor to condo the property as well, offering multiple unit sales or owner and tenant occupancy. A complete property redevelopment provides a unique opportunity for maximizing square footage on the R2 lot as well. Experience the finest in Corona del Mar living close to area dining such as Zinc, Bandera, and the Quiet Woman. Pristine beaches, Grant Howard Park, Fashion Island, and Newport Center are just moments away.

Additional Information

Pool Description
None
Fireplace Description
Living Room
Heat
Central
Cooling Description
None
View
None
Exterior Construction
Stucco
Patio
Deck, Patio
Roof
Composition, Flat, Spanish Tile
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
School District
Newport Mesa Unified
Attached Structure
Attached
Number Of Units Total
2

Listing courtesy of Listing Agent: Mary Golding (mary@golding.com) from Listing Office: Coldwell Banker Realty.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.