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$3,695,000

6 Beds

4 Baths

NP24045921 MLS

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.

323 Iris Avenue, Corona Del Mar

$3,150,000

3 Beds

2 Baths

OC24082556 MLS

Prime Development Opportunity in Coveted Corona Del Mar Village. This exceptional property presents a rare opportunity for savy Investors and Developers to craft your dream duplex, perfectly tailored to your specifications and desires. Situated in the highly sought-after Corona Del Mar Village community, this parcel of land beckons with promise and possibility. Immerse yourself in the vibrant energy of this thriving neighborhood, mere moments away from boutique shops, acclaimed dining destinations, and the sun-drenched shores of the beach. Boasting an ideal location, zoned R2 this property serves as the ideal canvas for crafting two distinct living spaces, each reflecting your unique vision and preferences. Whether you envision luxurious modern retreats or timeless coastal abodes, the potential is limitless. This is more than just a development opportunity—it's the chance to bring your vision to life and make your mark in the vibrant fabric of Corona Del Mar Village, one of Southern California's most coveted destinations. Currently the front unit offers 2 bedrooms and 1 bath. Adjacent to the front unit is a cozy back unit, comprising one bedroom and a convenient bathroom. Perfect for accommodating guests, extended family, or generating rental income. Sold As Is, this property presents an excellent opportunity for investors or those seeking to customize their own living space. Back unit is occupied, kindly refrain from disturbing their privacy.

614 Narcissus Avenue, Corona Del Mar

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.