323 Iris Avenue

Corona del Mar, CA 92625

$3,695,000

List Price

6

bed Beds

4

shower Baths

2,492 sqft

straighten / sqft

1977

calendar_month Built

Property Description

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.

Listing Information

List Price $3,695,000
Status Active
MLS NP24045921
HOA $0
Type Residential
Subtype Duplex
Year Built 1977
Lot Size 4,356
Structure Size 2,492
DOM 195
Courtesy Of Balboa Realty
Listing Agent Arthur Dorr DRE#01899740

Interior Features

Laundry Information
Location(s) Inside
Total Bedroom
Bedrooms 6
Total Bathroom
Bathrooms 4
Fireplace Information
Features Living Room
Additional Information
Additional Features Granite Counters, Bedroom on Main Level
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Arthur Dorr, Balboa Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:06 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.