516 Iris ave, Corona Del Mar, CA 92625
Active
$2,800,000
2 Units
6 Beds
4 Baths
2,800 Area(sq.ft.)
Lot: 3,528 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 2 | No | $ 3,695 | $ 44,340 | $ 5,500 |
| Unit 2 | 1 | 3 | 2 | No | $ 3,695 | $ 44,340 | $ 5,500 |
| 2 | 6 | 4 | $ 7,390 | $ 88,680 | $ 11,000 |
| MLS #: | NP25105885MR |
| Days On Market: | 207 |
| Listing Date: | May 13, 2025 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,000 |
| Price per unit: | $ 1,400,000 |
| Year Built: | 1963 |
Property Details
Coastal Living at Its Finest Exceptional Beach-Adjacent Duplex in Corona del Mar Welcome to this rare and remarkable opportunity in the heart of Corona del Mar Village, just steps from the sparkling sands and stunning shoreline of Southern California s most coveted beaches. This charming duplex offers the perfect blend of investment potential and relaxed coastal lifestyle in one of Orange County s premier seaside communities. 514 Iris Ave. also available for sale and is a near duplicate property. Situated on an oversized lot, this two-unit property features a main floor and upstairs residence, each with private entrances, spacious living areas, and generous outdoor spaces ideal for entertaining or soaking up the ocean breeze. The upstairs unit features 3 bedrooms and 2 baths, highlighted by an inviting rear patio perfect for morning coffee or sunset gatherings. The downstairs unit, offering 3 bedrooms and 2 baths, includes a deck in the front and rear of the property. Additional amenities include an attached garage, in-unit laundry, and ample storage. Whether you're seeking a primary residence with income potential, a vacation home, or a long-term investment, this duplex delivers flexibility and exceptional value in an unbeatable location. Live the ultimate beachside lifestyle stroll to renowned restaurants, upscale boutiques, scenic parks, and the iconic Corona del Mar State Beach. Properties like this don t come along often. Don t miss your chance to own a slice of paradise.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 9,640 |
| Net Operating Income: | $ 85,080 |
Structure
| Community Features: | Curbs, Gutters, Sidewalks, Storm Drains, Suburban |
| Style: | Bungalow |
| Sewer: | Public Sewer |
| View Description: | None |
| Water: | Public |
Land & Parking
| Zoning: | R2 |
| Land Lease Type: | Fee |
Interior
| Cooking Appliances: | None |
| AC/Cooling: | None |
| Equipment: | Gas Dryer Hookup, None, Room, Washer Hookup |
| Heating: | Central |
| Fireplace Rooms: | None |
| Laundry: | Gas Dryer Hookup, Room, Washer Hookup |
Exterior
| Exterior Construction: | Stucco |
| Pool: | No |
| Roof: | Composition |
| Spa: | No |
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