$3,000,000

beds

baths

2,000

square ft

705 Narcissus Avenue

Corona Del Mar, California 92625

Closed / MLS #OC23132107 / Multiple Unit (2-4) / Corona Del Mar

Listing information updated 4/19/2024 at 7:42pm

Welcome to the stunning seaside community of Corona Del Mar, where the perfect blend of coastal charm and luxurious living makes this coastal paradise extremely attractive to discerning homebuyers, capable developers, and savvy investors! Nestled amidst palm-fringed streets and just a short walk into town or to the beach, this exceptional duplex offers two spacious 2 bedroom 1 bathroom units, with a beautiful central courtyard separating the front and rear units, community laundry, and a two car garage. Both units have leases through Summer of 2024 (front and rear). The property is being sold as-is.From a re-development perspective, the subject property is an ideal candidate for redevelopment. The city of Newport Beach launched an incentive program for the preservation of beach cottages on January 25, 2022, which allows owners to build substantial additions (up to 50 percent of the existing floor area or a maximum of 750 square feet) without providing the minimum code-required parking. Only the structure affected by the renovation/addition will have to comply with current building code standards. Refer to city website for more details. Showings will only be scheduled with qualified offers, and will be made by appointment only, do not disturb tenants.

Full Features

Beds Above Grade:

Cooling System:

None

Pool:

Age:

64 Years

Parking Spaces:

Garage:

Garage - 2 Car(s)

Square Feet:

2,000

Lot Size:

3485 SquareFeet

Acreage:

0.08

Taxes & Assessments

Tax Amount:

N/A

Tax Year:

N/A

Location

Zip Code:

92625

City:

Corona Del Mar

County:

Orange

Schools

School District(s):

Newport Mesa Unified

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Full Features Taxes & Assessments Location Schools

Beds Above Grade:

Cooling System:

None

Pool:

Age:

64 Years

Parking Spaces:

Garage:

Garage - 2 Car(s)

Square Feet:

2,000

Lot Size:

3485 SquareFeet

Acreage:

0.08

Listing Office: Anchor West Properties, Inc.

Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy.