718 Iris Avenue Corona Del Mar, 92625

Bedrooms:
6
Bathrooms:
6
Square Feet:
3,000 sqft
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Virtual Tour of 718 Iris Avenue , Corona Del Mar 92625

Property Description

This attractive duplex constructed in the mid-70s exhibits an excellent rental history with the ability for a buyer to grow in-place rents or substantially increase proforma rents through a conservative remodel. Each unit features attractive and well-maintained 3 bed/3 bath configurations with some enhancements over the years, such as plank vinyl flooring and partial window replacements. 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 property redevelopment provides a unique opportunity for maximizing square footage on the R2 lot as well. Experience the finest in Corona del Mar living close to area dining such as Zinc, Bandera, and the Quiet Woman. Pristine beaches, Grant Howard Park, Fashion Island, and Newport Center are just moments away.

General Information

Listing Attribution:
Coldwell Banker Realty
Listing Agent:
Mary Golding
CalBRE#:
01865418
Price:
$2,995,000
Status:
Pending
Listing Updated:
11/28/2022
List Date:
9/28/2022
Close Date
Square Feet:
3,000
Bedrooms:
6
Bathrooms:
6
Garage Spaces:
4.00
Year Built:
1974
City:
Corona Del Mar
Zip:
92625
County:
Orange
MLS ID:
NP22209923
Buyer Agency Compensation:
2.000%
Buyer Agency Compensation Disclaimer:
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Home Features

Interior Features:
Exterior Features:
Appliances:
Flooring:
Laundry:
Inside
Architectural Style:
Levels:
Two
Fireplace Features:
Living Room
Cooling:
None
Heating:
Central
Utilities:
Pool Type Features:
None
Spa Features:
None
Construction Materials:
Stucco
Roofing:
Composition, Flat, Spanish Tile
Water Source:
Public
Sewage:
Public Sewer
Accessibility Features:

Community Information

MLS Area:
CS - Corona Del Mar - Spyglass

Lot Information

Lot Size (sq feet):
3,528

Location Information

Directions:
718 Iris Ave, Corona del Mar