705 Orchid Avenue
Corona del Mar, CA 92625
2967 sqft | 5 beds | 5 baths | 0.08 acres | #OC24196512
Description
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.
Interior Details
- Bedrooms5
- Bathrooms5
- Full Baths5
Property Details
- Lot DescriptionLandscaped
- Stories2
Measurements
- Acres0.0777
- Square Feet2967
Parking
- Parking Spaces2
Construction Details
- Property TypePurchase
Condition
- Year Built1969
Utilities / Energy Details
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionCorona del Mar North of PCH (CNHW)
Location
- School DistrictNewport Mesa Unified
- CountyOrange
Financial Details
- Original List Price$3,295,000
Other
- MLS #OC24196512
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: James Vanar (#OCVANAJAM)
Listing Office: Anchor West Properties, Inc. (#OC07819)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
