505 & 505 .5 Acacia Avenue

Corona Del Mar, CA 92625

$3,850,000

List Price

6

bed Beds

6

shower Baths

3,200 sqft

straighten / sqft

1968

calendar_month Built

Property Description

Charming Rare South of Highway Duplex on one of the best and prettiest streets in the Village! Presenting a unique and exceptional Residential Income R2 opportunity in the heart of Corona Del Mar village, where coastal living seamlessly blends with strong investment potential. Both units are 1600 sq ft, with a Living Room, Family room, Kitchen with Breakfast Bar, Powder, and Laundry down and three bedrooms upstairs (one ensuite) and two baths, primary and one bedroom in each with walk-in closets. Rear unit even has another balcony off of the primary suite, complete with workspace/exercise area/sitting area too! Super clean with excellent tenants, whose leases run until 8/25 for the front and 6/25 for the rear. Loads of outdoor space - inviting enclosed brick front patio, balcony, and a generous side patio for each unit. With its excellent walkability, residents can easily explore the village’s renowned beaches, restaurants, top-rated schools, shopping, scenic hiking trails, and nearby golf courses. Whether you’re considering redevelopment or looking to enhance the cash flow of a valuable investment, this property offers all the options. This is an excellent opportunity to own a piece of coveted Corona Del Mar real estate—a combination of the beauty of our coast and excellent investment potential.

Listing Information

List Price $3,850,000
Status Active
MLS NP24253316
HOA $0
Type Residential
Subtype Duplex
Year Built 1968
Lot Size 3,611
Structure Size 3,200
DOM 1
Courtesy Of Compass
Listing Agent Brenda McCroskey DRE#01869273

Interior Features

Laundry Information
Location(s) Washer Hookup, Inside, Laundry Room
Bedroom Information
Features All Bedrooms Up
Total Bedroom
Bedrooms 6
Total Bathroom
Bathrooms 6
Flooring Information
Material Laminate, Tile
Fireplace Information
Features Family Room, Gas Starter, Living Room
Additional Information
Additional Features Ceiling Fan(s), Laminate Counters, Living Room Deck Attached, Unfurnished, All Bedrooms Up, Primary Suite, Walk-In Closet(s)
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Brenda McCroskey, Compass 949-280-5563. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 24th, 2024 at 2:14 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.