416 Larkspur Avenue Corona Del Mar, 92625

Bedrooms:
4
Bathrooms:
4
Square Feet:
3,001 sqft
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Virtual Tour of 416 Larkspur Avenue , Corona Del Mar 92625

Property Description

Lowest priced full lot in the Village by over $200k. This attractive duplex was constructed in 1996 and exhibits a strong rental history. A buyer could grow in-place rents or substantially increase proforma rents through a conservative remodel. The front unit is a 2 bedroom plus loft with 2.5 baths totaling 2,310 square feet. The back unit is a 1 bedroom 1 bath layout totaling 691 square feet. Given the current configuration of the building, one could endeavor to condo the property as well, offering multiple unit sales or owner and tenant occupancy. A complete redevelopment of the property provides a unique opportunity for maximizing square footage on the R2 lot, given the reduced front yard setback North of PCH. Typical lots in the area have 20-foot setbacks, whereas 416 Larkspur benefits from a 10-foot front yard setback, thereby maximizing the buildable square footage. Experience the finest in Corona del Mar living close to area dining such as Zinc, Bandera, and the Quiet Woman. Pristine beaches, Fashion Island, and Newport Center are just moments away.

General Information

Price:
$1,895,000
Status:
Active Under Contract
Listing Updated:
3/2/2021
List Date:
2/22/2021
Close Date
0000-00-00 00:00:00
Square Feet:
3,001
Bedrooms:
4
Bathrooms:
4
Garage Spaces:
2
Year Built:
1996
City:
Corona Del Mar
Zip:
92625
County:
Orange
MLS ID:
NP21035658
Listing Broker:
Coldwell Banker Realty
Listing Agent:
Mary Golding
CalBRE#:
01865418

Home Features

Interior Features:
Exterior Features:
Kitchen Features:
Eating Area:
Bath Features:
Appliances:
{Appliances}
Flooring:
Laundry:
In Closet, Individual Room
Architectural Style:
Levels:
Two
Fireplace Features:
Living Room
Cooling:
Central Air
Heating:
Utilities:
Pool Type Features:
None
Spa Features:
None
Construction Materials:
Roofing:
Water Source:
Public
Sewage:
Public Sewer
Rooms Included:
Living Room,Loft,Main Floor Master Bedroom
Accessibility Features:

Community Information

MLS Area:
CS - Corona Del Mar - Spyglass

Lot Information

Lot Size (sq feet):
3,485

Location Information

Directions:
416 Larkspur Ave, Corona del Mar, CA 92625