512 Iris Avenue, Corona del Mar
$3,380,000 - 6 Beds, 4 BathsMLS® # OC24060260
Keller Williams Realty N. Tustin
407 Heliotrope Avenue, Corona del Mar
$3,995,000
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5 Beds
4 Baths
.11 Acre
3 Garages
Extraordinary investment opportunity awaits in the Village of Corona del Mar with this rare gem—a duplex perched on a 40-by-118-foot lot, ocean side of PCH. Unveil a canvas of possibilities with this property, which comes complete with fully developed and approved plans from award winning architect Eric Aust, ready for permit acquisition. Envision the front unit boasting 2,741 square feet of living space, featuring 3 bedrooms and 3.5 baths, while the rear unit offers a gracious 1,737 square feet with 3 bedrooms and 3.5 baths. For those seeking immediate occupancy, the front unit currently presents 3 bedrooms, 3 bathrooms, and soaring high ceilings adorned with beams. A detached 3-car garage complements the property. The rear unit, ideal for rental income, features 2 bedrooms and 1 half bath. Capitalize on the existing configuration for a robust rental income stream or embrace the opportunity for a seamless renovation. This duplex not only promises a lucrative investment but also embodies the essence of Corona del Mar's coveted lifestyle. Seize the chance to elevate this property into a beacon of luxury living or harness its current allure for attractive rental income.
Essential Information
- MLS® #
- NP24009578
- Price
- $3,995,000
- Bedrooms
- 5
- Bathrooms
- 4.00
- Acres
- 0.11
- Year Built
- 1961
- Type
- Residential Income
- Sub-Type
- Duplex
- Status
- Active
Community Information
- Address
- 407 Heliotrope Avenue
- Area
- CS - Corona Del Mar - Spyglass
- City
- Corona del Mar
- County
- Orange
- Zip Code
- 92625
Subdivision
Corona del Mar South of PCH (CDMS)
Amenities
- Parking Spaces
- 3
- Parking
- Door-Multi, Garage
- # of Garages
- 3
- Garages
- Door-Multi, Garage
- Waterfront
- Ocean Side Of Highway
- Pool
- None
Utilities
Cable Available, Electricity Connected
Interior
- Heating
- Central, None
- Cooling
- None
- Fireplace
- Yes
- Fireplaces
- Living Room
- # of Stories
- 1
- Stories
- Multi/Split
Interior Features
Beamed Ceilings, Granite Counters, High Ceilings, Cathedral Ceiling(s)
Exterior
- Lot Description
- Bluff
Additional Information
- Date Listed
- January 16th, 2024
- Days on Market
- 95
Listing Details
- Agent
- Carter Weir
- Co-Agent
- Kristine Moyer(02140382)
- Office
- Berkshire Hathaway Homeservice
Property History
Price Reduced from $4,150,000 to $3,995,000
LISTING MAP
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Based on information from California Regional Multiple Listing Service, Inc. as of April 26th, 2024 at 9:30pm PDT. 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.