$3,695,000
For Sale

323 Iris Avenue

Corona del Mar, CA 92625
2492 sqft | 6 beds | 4 baths | 0.10 acres | #NP24045921
Listing OfficeBalboa Realty
Browse 37 photos
Type:Purchase
Structure:Townhouse
Zone:Residential

Description

Welcome to a rare and exceptional opportunity in the heart of Corona Del Mar village, where coastal living meets investment potential. This cosmetically remodeled duplex, nestled in a prime location south of Pacific Coast Hwy and Bayside Drive, offers an unparalleled lifestyle with close proximity to the renowned beaches of CDM.
Zoned R2, this property boasts a commanding view of the park/playground below, the charming neighborhood, and the picturesque hills of Newport Coast. At the end of a tranquil cul-de-sac, this duplex provides a peaceful retreat while being within walking distance of the sun-soaked shores.
Both units, currently occupied on a month-to-month basis, feature a desirable 3-bedroom, 2-bathroom layout with upgraded kitchens and bathrooms. The large balcony upstairs presents an idyllic spot to soak in the panoramic views of the park and surrounding neighborhood.
This spacious duplex not only offers a comfortable residence but also unlocks various income opportunities. With excellent walkability, residents can explore world-class dining options in the village, access renowned schools, indulge in shopping, traverse scenic hiking trails, and tee off at nearby golf courses.
Whether you're considering redevelopment or seeking to enhance the revenue of a trophy cash-flowing asset, this property is primed for success. Seize the chance to own a piece of Corona Del Mar's coveted real estate, where every day is an opportunity for coastal bliss and investment prosperity.

  • Interior Details
      • InteriorGraniteCounters, BedroomonMainLevel
    • Beds & Baths
      • Bedrooms6
      • Bathrooms4
      • Full Baths4
  • Property Details
      • ViewBluff, CityLights, ParkGreenbelt, Hills, Mountains, Neighborhood
      • Lot DescriptionBluff, CornerLot
      • Stories2
    • Measurements
      • Square Feet2492
      • Acres0.1
    • Parking
      • Parking Spaces2
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1977
  • Utilities / Energy Details
      • Sewer InformationPublicSewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • SubdivisionCorona del Mar South of PCH (CDMS)
    • Location
      • School DistrictNewport Mesa Unified
      • Middle SchoolCorona Del Mar
      • High SchoolCorona Del Mar
      • CountyOrange
  • Financial Details
      • Original List Price$3,695,000
  • Other
      • MLS #NP24045921

Location

Rami ElminoufiReal Estate Group
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Down Payment

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20.0%

Interest Rate

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5.0%

Tax Rate

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1.3%
$
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annually
$
monthly

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.

Estimated Monthly Payment
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Loan Amount
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