$2,875,000
$2,995,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
3 Baths
2,749 SqFt
SOLD DATE : 03/17/2020
Key Details
Sold Price $2,875,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,749 sqft
Price per Sqft $1,045
Subdivision Corona Del Mar South Of Pch (Cdms)
MLS Listing ID NP20010242
Sold Date 03/17/20
Bedrooms 5
Full Baths 3
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1955
Lot Size 3,484 Sqft
Lot Dimensions Public Records
Property Description
HIGHLY PROFITABLE Corona del Mar triplex situated in a premier location of the Village just 1 short block to the beach and nearby local shops and restaurants. For builders: Being set on Marguerite allows for unique setbacks and fascinating views – supplying favored accommodations for a Corona del Mar builder – neighboring properties have provided record sales. For investment property owners: The property rates as a five-star on main stream rental sites and generates a high annual income amount. Rent the property while planning and permitting process is underway. All three units have been upgraded with designer finishes. This is a rare opportunity as very few triplexes exist in the village. The single-story front unit, is equipped with 2 bedrooms; 1 bathroom; fireplace; hardwood floors; and welcomes you with an ocean-view, large front patio. The single story middle unit offers 1 bedroom; 1 bathroom; and a side patio. The rear upper unit, boasts 2 bedrooms; 1 bathroom; hardwood floors, open floor plan and peek-a-boo ocean views. The property offers a large laundry room and storage area to the tenants of the triplex, along with a three-car garage. Units rent immediately with multiple applicants and have very low vacancy, if any. Seller’s full proforma available upon request.
Location
State CA
County Orange
Area Cs - Corona Del Mar - Spyglass
Rooms
Main Level Bedrooms 3
Interior
Interior Features Built-in Features, Ceiling Fan(s), Granite Counters, Open Floorplan, All Bedrooms Up, All Bedrooms Down, Bedroom on Main Level
Heating Fireplace(s), Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Wood
Fireplaces Type Living Room, See Remarks
Fireplace Yes
Appliance Free-Standing Range, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator
Laundry Common Area
Exterior
Parking Features Garage, Garage Faces Rear
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Curbs, Park
Waterfront Description Across the Road from Lake/Ocean,Beach Access,Ocean Side Of Freeway,Ocean Side Of Highway
View Y/N Yes
View City Lights, Ocean, Peek-A-Boo, Water
Accessibility Customized Wheelchair Accessible
Attached Garage No
Total Parking Spaces 3
Private Pool No
Building
Lot Description Near Park, Near Public Transit, Walkstreet
Story 2
Entry Level One,Two
Sewer Public Sewer
Water Public
Architectural Style Cottage, Traditional, Patio Home
Level or Stories One, Two
New Construction No
Construction Status Updated/Remodeled
Schools
School District Newport Mesa Unified
Others
Senior Community No
Tax ID 05210324
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Casey Lesher • Coldwell Banker Res. Brokerage