Sold
705 Narcissus Avenue
Corona del Mar CA, 92625
$3,000,000
$1,500.00 per sqft
Sold
4 Beds
2 Baths
2,000 sqft
Multi-family
Built in 1960
Listed by James Vanar with Anchor West Properties, Inc. 949-492-8670
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.
OC23132107
MLSⓇ ID
July 19, 2023
Listed
April 20, 2024
Updated
Map
705 Narcissus Avenue
Corona del Mar CA, 92625
Interior Features
Total Stories
2
Bedrooms
4 Beds
Bathrooms
2 Baths
Laundry Description
Common Area
Fireplace
Yes
Fireplace Description
Living Room
Cooling
No
Cooling Description
None
Heating
No
Exterior/Building Features
Lot Size
0.08 Acres
Lot Features
Front Yard, Garden, Level
Sewer
Public Sewer
School Information
School District
Newport Mesa Unified
Other Property Details
Area Name
CS - Corona Del Mar - Spyglass
Days on Market
215
Garage
Yes
Garage Spaces
2
Parking Total
2
View
No
View Description
None
County
Orange
Water Source
Public
Pool
No
Pool Features
None
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
|---|---|---|
4/20/2024 | Sold | $3,000,000 |
4/8/2024 | Pending | — |
2/20/2024 | Under Contract | — |
2/7/2024 | Price Change | $3,195,000 -3% |
2/5/2024 | Price Change | $3,195,000 -3% |
12/8/2023 | Price Change | $3,275,000 -3% |
10/17/2023 | Active | — |
10/3/2023 | Under Contract | — |
8/12/2023 | Active | — |
8/2/2023 | Under Contract | — |
Listing Contact: 949-492-8670
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/20/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 4/20/2024 at 2:10 AM UTC