2516 & 2518 Bayside Drive, Corona Del Mar

$2,595,000

0 Beds
0 Baths
2,388 Sqft
3540 Acres
2 Garages

Multi-unit Income property with Bay Views! Ideally located, a block from Begonia Park and within walking distance to the Beach. Nestled in Corona del Mar village, south of PCH and adjacent to walking trails/sidewalks. Enter through a dedicated driveway for only two parcels and elevated from Bayside Drive, this property is spacious between it's neighbors. Zoned R2 but currently has Three units (all rented), each having their own mailing address. The studio unit is non-conforming (2516 ½). Two (2516 & 2518) have 2 Bed/2 Bath/1-car garage and parking. The Two bedroom units each have A/C, newer appliances, refrigerators, and washer/dryer laundry closets. One unit has newly two remodeled bathrooms and the other has newer hardwood floors. Both have vaulted hardwood ceilings and lots of windows with views. The studio unit includes a storage room, a covered patio and side yard. Geological and topography reports are done. Leave As Is or Build two new dream homes with Bay Views! Good current cap rate too. Buyer to cooperate with 1031 exchange.

Essential Information
MLS® #OC19183258
Price$2,595,000
Bathrooms0.00
Square Footage2,388
Acres3,540.00
Year Built1972
TypeResidential Income
StatusActive
Community Information
Address2516 & 2518 Bayside Drive
AreaCorona Del Mar - Spyglass (CS)
CityCorona Del Mar
CountyOrange
StateCA
Zip Code92625
Subdivision

Corona del Mar South of PCH (CDMS)

Amenities
Parking Spaces2
# of Garages2
Is WaterfrontYes
Waterfront

Ocean Side of Highway 1, Ocean Side of Freeway

Interior
HeatingForced Air
CoolingCentral A/C
Appliances

Dishwasher, Electric Range, Garbage Disposal

Exterior
Lot Description

Lot Shape-Rectangular, Lot-Level/Flat, Sprinkler System

Additional Information
Date ListedAugust 1st, 2019
Days on Market50
ZoningR2
Listing Details
AgentMichelle Ultimo Hall(01031639)
OfficeUltimo Properties, Inc.
Property History
Price Reduced from $2,695,000 to $2,595,000

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Based on information from California Regional Multiple Listing Service, Inc. as of September 20th, 2019 at 4:10pm 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.

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