705 Narcissus Avenue, Corona del Mar, CA 92625
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Sold Price :
$3,000,000
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Beds :
4
-
Baths :
2
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Property Size :
2,000 sqft
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Year Built :
1960
Property Description
Welcome to the stunning seaside community of Corona Del Mar, where the perfect blend of coastal charm and luxurious living makes this coastal paradise extremely attractive to discerning homebuyers, capable developers, and savvy investors!
Nestled amidst palm-fringed streets and just a short walk into town or to the beach, this exceptional duplex offers two spacious 2 bedroom 1 bathroom units, with a beautiful central courtyard separating the front and rear units, community laundry, and a two car garage. Both units have leases through Summer of 2024 (front and rear). The property is being sold as-is.
From a re-development perspective, the subject property is an ideal candidate for redevelopment. 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.
Interior Features
| Bedroom Information |
| Bedrooms |
4 |
| Bathroom Information |
| Bathrooms |
2 |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
705 Narcissus Avenue |
| City |
Corona del Mar |
| State |
CA |
| Zip |
92625 |
| County |
Orange |
| Listing Agent |
James Vanar DRE #01389279 |
| Courtesy Of |
Anchor West Properties, Inc. |
| Close Price |
$3,000,000 |
| Status |
Closed |
| Type |
Residential |
| Subtype |
Duplex |
| Structure Size |
2,000 |
| Lot Size |
3,485 |
| Year Built |
1960 |
Listing information courtesy of: James Vanar, Anchor West Properties, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Apr 19th, 2024 at 5:25 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.
