705 Iris AVE Corona Del Mar, CA 92625
Sale
$3,375,000
3 Units
4 Beds
4 Baths
2,350 Area(sq.ft.)
3,485 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | n/a | n/a | $ 7,500 |
| Unit 2 | 1 | 2 | 1 | No | n/a | n/a | $ 4,500 |
| Unit 3 | 1 | studio | 1 | No | n/a | n/a | $ 2,500 |
| 3 | 3 | 4 | 4 | $ 0 | $ 0 | $ 14,500 |
| MLS #: | OC24065122MR |
| Days On Market: | 10 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,436 |
| Price per unit: | $ 1,125,000 |
| Year Built: | 1950 |
Property Details
Centrally located in the Village of Corona del Mar, 705 Iris offers a wealth of possibilities! Currently configured as a triplex, the property could be a consistent income generator for the new owner. The main residence consists of two bedrooms and two bathrooms. The updated kitchen is open to a living room where natural light pours in, and a charming fireplace sits ready to warm coastal nights. The spacious living area that opens to a large front patio via a wall of folding doors. The rear cottage sits above the two car garage and consists of two bedrooms and one bathroom. The third unit is a large, ground level studio. Although immensely livable as-is - the property is primed for redevelopment. Located just minutes to beautiful beaches, shopping, and award winning restaurants. This alluring cottage style home is ready for any number of living options.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 3,660 |
| Net Operating Income: | $ 0 |
| Actual Gross Rent: | $ 0 |
Structure
| Community Features: | Sidewalks, Suburban |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Garage |
Interior
| AC/Cooling: | None |
| Equipment: | Dishwasher, Dryer, Dryer Included, Garage, Refrigerator, Washer, Washer Included |
| Heating: | Forced Air |
| Fireplace Rooms: | Family Room |
| Laundry: | Dryer, Dryer Included, Garage, Washer, Washer Included |
Exterior
| Exterior Construction: | Stucco |
| Pool: | No |
| Roof: | Shingle |
| Spa: | No |
Detailed Map
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Income
