407 Heliotrope Avenue, Corona del Mar

$3,995,000

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5 Beds
4 Baths
1,960 Sqft
.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® #
NP24009581
Price
$3,995,000
Bedrooms
5
Bathrooms
4.00
Full Baths
1
Half Baths
3
Square Footage
1,960
Acres
0.11
Year Built
1961
Type
Residential
Sub-Type
Duplex
Style
Contemporary
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
View
Neighborhood, Peek-A-Boo
Waterfront
Ocean Side Of Highway
Pool
None

Interior

Interior
Laminate, Vinyl
Appliances
Dishwasher, Gas Oven
Heating
Central, None
Cooling
None
Fireplace
Yes
Fireplaces
Living Room
# of Stories
1
Stories
Multi/Split

Interior Features

Beamed Ceilings, High Ceilings, All Bedrooms Down, Balcony, Granite Counters

Exterior

Exterior
Stucco, Brick
Lot Description
Sprinkler System, Sloped Up
Roof
Composition
Construction
Stucco, Brick
Foundation
Slab

School Information

District
Newport Mesa Unified
Elementary
Harbor View
Middle
Corona Del Mar
High
Corona Del Mar

Additional Information

Date Listed
January 11th, 2024
Days on Market
96

Listing Details

Agent
Carter Weir
Co-Agent
Kristine Moyer(02140382)
Office
Berkshire Hathaway Homeservice
Property History
Status Changed from Active Under Contract to Active
Status Changed from Active to Active Under Contract
Price Reduced from $4,150,000 to $3,995,000

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Buyer Agent
Carter Weir - Berkshire Hathaway Homeservice

Based on information from California Regional Multiple Listing Service, Inc. as of April 27th, 2024 at 5:46am 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.