Property Details
About this Property
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.
MLS Listing Information
MLS #
CROC24196512
MLS Source
California Regional MLS
Days on Site
62
Interior Features
Family Room
Other
Fireplace
Family Room
Laundry
In Garage
Cooling
None
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 2 Car(s)
Elementary District
Newport-Mesa Unified
High School District
Newport-Mesa Unified
HOA Fee
$0
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
Nearby Homes for Sale
705 Orchid Ave is a Duplex in Corona Del Mar, CA 92625. This 2,967 square foot property sits on a 3,385 Sq Ft Lot and features 5 bedrooms & 5 full bathrooms. It is currently priced at $3,295,000 and was built in 1969. This address can also be written as 705 Orchid Ave, Corona Del Mar, CA 92625.
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This listing information is up-to-date as of November 19, 2024. For the most current information, please contact James Vanar
