Active
705 Orchid Avenue
Corona del Mar CA, 92625
$3,295,000
$1,110.55 per sqft
Active
5 Beds
5 Baths
2,967 sqft
Multi-family
Built in 1969
Listed by James Vanar with Anchor West Properties, Inc. 949-392-3242
Welcome to the gorgeous seaside community of Corona Del Mar! World class shopping, entertainment & dining, coupled with beautiful weather all year makes this coastal paradise extremely attractive to discerning homebuyers, capable developers, and savvy investors! Just a few short blocks to downtown CDM & to the beach, this beautiful duplex offers two spacious units: A 3 bedroom 3 bathroom in the picture-perfect front cottage, and 2 bedrooms & 2 bathrooms in the rear unit. The property has a two car garage, a lovely central courtyard separating the front and rear units, and community laundry in the garage (separate hookups for each unit). 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.
OC24196512
MLSⓇ ID
September 20, 2024
Listed
October 17, 2024
Updated
Map
705 Orchid Avenue
Corona del Mar CA, 92625
Interior Features
Total Stories
2
Bedrooms
5
Total Bathrooms
5
Full Bathrooms
5
Laundry Description
In Garage
Fireplace
Yes
Fireplace Description
Family Room
Cooling
No
Cooling Description
None
Heating
No
Exterior/Building Features
Lot Size
0.08 Acres
Lot Features
Landscaped
Sewer
Public Sewer
School Information
School District
Newport Mesa Unified
Other Property Details
Area Name
CS - Corona Del Mar - Spyglass
Days on Market
6
Garage
Yes
Garage Spaces
2
Parking Total
2
View
No
View Description
None
County
Orange
Water Source
Public
Pool
No
Pool Features
None
Listing Contact: 949-492-8670
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. 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 10/17/2024 at 10:19 AM UTC