Listing by: Arthur Dorr, Balboa Realty, 9495009832

6 Beds

4 Baths

2,492 SqFt

Active

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.

Property Details
Price $3,695,000
Bedrooms 6
Full Baths 4
Total Baths 4
Lot Size Area 4356
Lot Size Area Units Square Feet
Acres 0.1
Property Type Residential
Sub type Duplex
MLS Sub type Duplex
Stories 2
Features Granite Counters
Year Built 1977
Subdivision Corona del Mar South of PCH (CDMS)
View Bluff,City Lights,Hills,Mountain(s),Neighborhood,Park/Greenbelt,See Remarks
Heating Forced Air
Lot Description Bluff,Corner Lot
Laundry Features Inside
Pool features None
Parking Spaces 2
Garage spaces 2
Association Fee 0
Geographic Data
Directions Seaview Ave. to the 300 block of Iris
County Orange
Latitude 33.597356
Longitude -117.874053
Market Area CS - Corona Del Mar - Spyglass
Address Information
Address 323 Iris Avenue, Corona del Mar, CA 92625
Postal Code 92625
City Corona del Mar
State CA
Country United States
Listing Information
Listing Office Balboa Realty
Listing Agent Arthur Dorr
Listing Agent Phone 9495009832
Buyer Agency Compensation 2.250
Attribution Contact 9495009832
Buyer Agency Compensation Type %
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions Standard
School Information
District Newport Mesa Unified
Middle School Corona Del Mar
High School Corona Del Mar
MLS Information
Days on market 7
MLS Status Active
Listing Date Mar 7, 2024
Listing Last Modified Mar 8, 2024
Tax ID 05208323
MLS Area CS - Corona Del Mar - Spyglass
MLS # NP24045921

This information is believed to be accurate, but without any warranty.
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