Listing provided courtesy of O'Shaughnessy Group Real Estate - MLS# OC24065122MLS Provider

705 Iris AvenueCorona del Mar, CA 92625

Multi-Family · 2,350 Sq. ft. | 0.08 Acres

$3,375,000 Active

Overview

Time on Site:
11 days
Visits:
0

Centrally located in the Village of Corona del Mar, 705 Iris offers a wealth of possibilities! Currently configured as a triplex, the property could be a consistent income generator for the new owner. The main residence consists of two bedrooms and two bathrooms. The updated kitchen is open to a living room where natural light pours in, and a charming fireplace sits ready to warm coastal nights. The spacious living area that opens to a large front patio via a wall of folding doors. The rear cottage sits above the two car garage and consists of two bedrooms and one bathroom. The third unit is a large, ground level studio. Although immensely livable as-is - the property is primed for redevelopment. Located just minutes to beautiful beaches, shopping, and award winning restaurants. This alluring cottage style home is ready for any number of living options.

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Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,350
  • Price/Sq.ft. $1,436
  • Lot 0.08 Acres

General

Association/HOA
  • Association: No
  • Common Interest: None
Income/Expenses
  • Electric Expense: 1440.0
  • Insurance Expense: 300.0
  • Trash Expense: 720.0
  • Water Sewer Expense: 1200.0
Building Information
  • New Construction: No
  • Year Built: 1950
Location/Region
  • Country: US
  • County Or Parish: Orange
  • MLS Area Major: CS - Corona Del Mar - Spyglass
  • Subdivision Name: Corona del Mar North of PCH (CNHW)
Community/Development
  • Community Features: Suburban,Sidewalks
Rent/Lease Information
  • Land Lease: No
  • Tenant Pays: All Utilities
General Information
  • Parcel Number: 45904213
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Rent Control: No
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information
  • Garage Spaces: 2.0
  • Garage: Yes
Building Interior
  • Building Area Total: 2350.0
  • Building Area Units: Square Feet
General Information
  • Accessibility Features: Safe Emergency Egress from Home
  • Appliances: Dishwasher,Free-Standing Range,Disposal,Refrigerator,Dryer,Washer
  • Common Walls: 1 Common Wall
  • Door Features: French Doors
  • Electric: 220 Volts in Garage
  • Entry Level: 1
  • Entry Location: Front & Rear
  • Fireplace Features: Family Room
  • Fireplace: Yes
  • Flooring: Carpet,Laminate,Wood
  • Foundation Details: Slab
  • Interior Features: Beamed Ceilings,Balcony,High Ceilings,Living Room Deck Attached,Recessed Lighting,Unfurnished
  • Laundry Features: In Garage
  • Levels: One,Two
  • Spa Features: None
  • Spa: No
  • Stories: 1
  • Stories Total: 2
  • Window Features: Custom Covering(s)

Exterior

Parking Information
  • Parking Features: Garage,Garage Faces Rear
  • Parking Total: 2.0
Lot Information
  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Area: 3485.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 3485.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Road Surface Type: Paved
  • Elevation Units: Feet
  • Water Source: Public
Waterfront/View
    Building Exterior/Construction
    • Construction Materials: Stucco
    • Property Attached: Yes
    • Roof: Shingle
    General Information
    • Number Of Units Leased: 0
    • Number Of Units Total: 3
    • Pool Features: None
    • Pool Private: No
    • Sewer: Public Sewer
    • Utilities: Cable Available,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected

    Neighborhood

    Community

    92625 (Corona del Mar) Demographics
    54
    Median Age
    4,531
    Population Density (per sq. mile)
    76%
    College Educated
    $162,250
    Estimated Median Income
    3,917
    Estimated Total Home Owners
    1,978
    Estimated Total Renters
    66% / 34%
    Estimated Owner / Renter Divide
    2
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    Elementary Schools
    5
    Public
    Abraham Lincoln Elementary
    • Grades: KG - 6
    • Enrollment: 416
    5
    Public
    Harbor View Elementary
    • Grades: KG - 6
    • Enrollment: 393
    Middle Schools
    5
    Public
    Abraham Lincoln Elementary
    • Grades: KG - 6 /
    • Enrollment: 416
    5
    Public
    Harbor View Elementary
    • Grades: KG - 6 /
    • Enrollment: 393
    High Schools
    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    Monthly Cost

    $
    $ %
    %
    $
    $
    * Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

    Market Data

    Based on the last 30 days in this zip code

    $5,592,949
    Median Sales Price
    $2,050
    Median Price per Square Foot
    74
    Properties Sold
    29
    New on Market
    56
    Average Days on Market
    80
    Properties for Sale
    Calculations provided by Reliance Network

    History

    Date Event Value Agent
    4/3/2024Source: CRMLS Added to Database
    April 03, 2024