Here is your once in a lifetime opportunity!! A lot and a half in Corona del Mar, on the south side (ocean side) of Pacific Coast Hwy. This property has been in the same family since the mid-1980's. The lot is flat and has room to extensively add on or tear down to start new. There are ocean views from the 2nd story deck, but there are many more view opportunities from a proposed 3rd level. The current configuration is the main home with 3 bedrooms, 2 baths, a formal dining room and a large living room with a gas fireplace. the 2nd unit has a 2 bedroom, 1 bath, with a dining area in the family room and a kitchen. The 2nd unit attached to the upstairs hall of the main house, but it also has its own private entry. A 2-car garage and a 1 car garage are located off the alley. The ocean is a block and a half away, and this block of Heliotrope is a cul-de-sac. Currently zoned as a duplex, this could also be turned into a wonderful family estate, the possibilities are numerous!
Charming Rare South of Highway Duplex on one of the best and prettiest streets in the Village! Presenting a unique and exceptional Residential Income R2 opportunity in the heart of Corona Del Mar village, where coastal living seamlessly blends with strong investment potential. Both units are 1600 sq ft, with a Living Room, Family room, Kitchen with Breakfast Bar, Powder, and Laundry down and three bedrooms upstairs (one ensuite) and two baths, primary and one bedroom in each with walk-in closets. Rear unit even has another balcony off of the primary suite, complete with workspace/exercise area/sitting area too! Super clean with excellent tenants, whose leases run until 8/25 for the front and 6/25 for the rear. Loads of outdoor space - inviting enclosed brick front patio, balcony, and a generous side patio for each unit. With its excellent walkability, residents can easily explore the village’s renowned beaches, restaurants, top-rated schools, shopping, scenic hiking trails, and nearby golf courses. Whether you’re considering redevelopment or looking to enhance the cash flow of a valuable investment, this property offers all the options. This is an excellent opportunity to own a piece of coveted Corona Del Mar real estate—a combination of the beauty of our coast and excellent investment potential.
Front unit of the property is not cooperative with showings since the property was listed. This duplex is located on North side of PCH on Poppy Avenue, one of the most desirable streets in CDM. This is the first time on the market in over fifty years. This well-maintained property has private gardens and patios, quintessential beach cottage kitchens and bathrooms, inside laundry for both units, walk-in closets, fireplace, and home office or den areas, and shared two car garage. The front house is approximately 1,100 square feet with 2 bedrooms/2 bathrooms and rear unit is approximately 650 square feet with 2 bedrooms/2 bathrooms. Interior photos and 3D virtual tour are the rear unit and front house photos are available on a visual inspection report. Priced right under $3M to attract a new landlord who desires to provide the same great Corona del Mar living experience. Close to all the CDM Village restaurants, shops, and amenities, as well as a short walk to parks, trails, beaches, and Oasis Senior Center. Property has a shared two car garage.
The median home value in Corona Del Mar, CA is $3,862,500. The national median home value is $338,100. The average price of homes sold in Corona Del Mar, CA is $3,862,500. Corona Del Mar real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Corona Del Mar real estate agent to arrange a tour today!