Located on one of the most picturesque palm tree-lined streets that defines the charm of Corona del Mar, this multi-unit investment property is a rare opportunity. The front 3 bedroom / 2 bathroom home has been tastefully upgraded and offers wood flooring, remodeled bathrooms and kitchen with custom cabinetry, stainless steel appliances, as well as newer windows, interior laundry, recessed lighting, a beautiful fireplace and an inviting private front patio ideal for dining al fresco. The rear home also brings one bedroom / one bathroom with a kitchenette on the ground level as well as 2 bedrooms and 2 bathrooms on the second level. The upper area in the rear home offers an open floor plan with an abundance of natural light and a recently improved kitchen and bathroom, spacious bedrooms, and sun room adjacent to the master bedroom with soothing palm tree views. With current income of nearly $8,000 per month, this property offers a variety of options for the owner user and or investor with the ability to live in the front home and collect over $4,000 monthly from the rear unit. Ideally located just a short distance from some of the areas finest dining, shopping and scenic coves and beaches, this spacious yet charming multi-unit income property is truly a rare offering in the heart of Corona del Mar.
Listed By CRMLS_CA / Matt Perry / Arbor Real Estate
Last checked:
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Last updated May 4, 2024
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Family Room, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom
Fireplace:
Yes
Fireplace:
Living Room, Wood Burning
Laundry:
Dryer Included, Gas & Electric Dryer Hookup, Individual Room, Inside, Washer Hookup, Washer Included
Laundry:
1
Location
Directions:
From PCH, head north on Marguerite Avenue
Latitude:
33.59889400
Longitude:
-117.86870200
The Property
Property Condition:
Turnkey
Lot Features:
0-1 Unit/Acre, Front Yard, Garden, Landscaped, Rectangular Lot, Level, Near Public Transit, Park Nearby, Sprinkler System, Sprinklers In Front, Sprinklers Timer, Yard
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date
Event
Source
Price
% Change
8/22/19
Aug 22, 2019
Sold
CRMLS_CA
$2,100,000
-2.3%
8/13/19
Aug 13, 2019
Pending
CRMLS_CA
$2,149,000
7/22/19
Jul 22, 2019
Sold Subject To Contingencies
CRMLS_CA
$2,149,000
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Multifamily
Sold
on 8/22/2019
$2,100,000
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Listing provided by broker:
Matt Perry
Arbor Real Estate
Listing Agents and Buyer’s Agents represent the two sides of a real estate transaction. As a Seller of a home, your Listing Agent represents your interests and will advise, consult and follow your instructions to sell your property at the best possible price and terms.
If you’re a Buyer, a Buyer’s Agent advises you throughout the transaction, helping you get the best deal and advocating for you. The Buyer’s Agent commission is also paid by the Seller, so the Buyer never sees a bill for their service.
Many first time Buyers believe they can work without a Buyer’s Agent and instead use the same agent as the Seller. When both Buyer and Seller use the same agent, known as “dual agency”, it can sometimes save on fees, but it also puts the agent in a conflict of interest, not fully representing either party.
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Listing Courtesy of: CRMLS_CA and Arbor Real Estate.
Based on information from California Regional Multiple Listing Service, Inc. as of 12:18 on May 06.
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, 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.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
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Last updated May 4, 2024
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