707 Narcissus Avenue

Corona del Mar, CA 92625

$3,200,000

Sold Price
5

bed Beds

4

shower Baths

2,350 sqft

straighten $1,361 / sqft

1955

calendar_month Built

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.

Listing Information

Close Price $3,200,000
Close Date Monday, April 1st, 2024
Status Closed
MLS OC23133077
Type Residential
Subtype Duplex
Year Built 1955
Lot Size 3,615
Structure Size 2,350
DOM 198
Courtesy Of Anchor West Properties, Inc.
Listing Agent James Vanar DRE#01389279

Interior Features

Total Bedroom
Bedrooms 5
Total Bathroom
Bathrooms 4
Fireplace Information
Features Living Room
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: James Vanar, Anchor West Properties, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 2nd, 2024 at 10:29 AM 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.