323 Iris Avenue, Corona del Mar

$3,695,000

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6 Beds
4 Baths
.1 Acre
2 Garages

Welcome to a rare and exceptional opportunity in the heart of Corona Del Mar village, where coastal living meets investment potential. This cosmetically remodeled duplex, nestled in a prime location south of Pacific Coast Hwy and Bayside Drive, offers an unparalleled lifestyle with close proximity to the renowned beaches of CDM.

Zoned R2, this property boasts a commanding view of the park/playground below, the charming neighborhood, and the picturesque hills of Newport Coast. At the end of a tranquil cul-de-sac, this duplex provides a peaceful retreat while being within walking distance of the sun-soaked shores.

Both units, currently occupied on a month-to-month basis, feature a desirable 3-bedroom, 2-bathroom layout with upgraded kitchens and bathrooms. The large balcony upstairs presents an idyllic spot to soak in the panoramic views of the park and surrounding neighborhood.

This spacious duplex not only offers a comfortable residence but also unlocks various income opportunities. With excellent walkability, residents can explore world-class dining options in the village, access renowned schools, indulge in shopping, traverse scenic hiking trails, and tee off at nearby golf courses.

Whether you're considering redevelopment or seeking to enhance the revenue of a trophy cash-flowing asset, this property is primed for success. Seize the chance to own a piece of Corona Del Mar's coveted real estate, where every day is an opportunity for coastal bliss and investment prosperity.

Essential Information

MLS® #
NP24045926
Price
$3,695,000
Bedrooms
6
Bathrooms
4.00
Acres
0.10
Year Built
1977
Type
Residential Income
Sub-Type
Duplex
Style
Other
Status
Active

Community Information

Address
323 Iris 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
4
# of Garages
2
Pool
None

Amenities

Dog Park, Trail(s), Trash, Water

View

Bluff, City Lights, Mountain(s), Neighborhood

Interior

Interior
Tile, Vinyl
Appliances
Gas Range
Heating
Forced Air
Cooling
None
Fireplace
Yes
Fireplaces
Living Room
# of Stories
2
Stories
Two

Interior Features

Granite Counters, Living Room Deck Attached, Bedroom on Main Level

Exterior

Exterior
Stucco
Lot Description
Bluff, Corner Lot, Near Park
Roof
Shingle
Construction
Stucco

Additional Information

Date Listed
March 7th, 2024
Days on Market
53

Listing Details

Agent
Arthur Dorr
Office
Balboa Realty

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Buyer Agent
Arthur Dorr - Balboa Realty

Based on information from California Regional Multiple Listing Service, Inc. as of April 29th, 2024 at 12:35pm 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.