Welcome to the stunning seaside community of Corona Del Mar, where the perfect blend of coastal charm and luxurious living makes this coastal paradise extremely attractive to discerning homebuyers, capable developers, and savvy investors! Nestled amidst palm-fringed streets and just a short walk into town or to the beach, this exceptional duplex offers two spacious 2 bedroom 1 bathroom units, with a beautiful central courtyard separating the front and rear units, community laundry, and a two car garage. Both units have leases through Summer of 2024 (front and rear). 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. Showings will only be scheduled with qualified offers, and will be made by appointment only, do not disturb tenants.
MLS #
CROC23132107
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.00%
Fireplace
Living Room
Laundry
Community Facility
Cooling
None
Pool
None
Garage/Parking
Garage: 2 Car(s)
Elementary District
Newport-Mesa Unified
High School District
Newport-Mesa Unified
HOA Fee
$0
705 Narcissus Ave is a Duplex in Corona Del Mar, CA 92625. This 2,000 square foot property sits on a 3,485 Sq Ft Lot and features 4 bedrooms & 2 full bathrooms. It is currently priced at $3,000,000 and was built in 1960.
This address can also be written as 705 Narcissus Ave, Corona Del Mar, CA 92625.©2024 California Regional MLS. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of April 19, 2024. For the most current information, please contact James Vanar