Corona Del Mar, CA 92625,707 Narcissus AVE
Corona Del Mar, CA 92625,707 Narcissus AVE
Corona Del Mar, CA 92625,707 Narcissus AVE
$3,200,000
Est. payment /mo
Est.Price: ?

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5 Beds
4 Baths
2,350 SqFt
SOLD DATE : 04/01/2024

Key Details

Sold Price $3,200,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,350 sqft

Price per Sqft $1,361

Subdivision Corona Del Mar North Of Pch (Cnhw)

MLS Listing ID OC23133077

Bedrooms 5

Full Baths 4

Year Built 1955

Lot Size 3,615 Sqft

Property Description

Welcome to the fabulous seaside community of Corona Del Mar, where the allure of luxurious beach living coupled with world class shopping & dining, 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: 2 bedroom 1 bathroom in the picture-perfect front cottage, and 3 bedrooms & 3 bathrooms in the rear unit. The property has a lovely central courtyard separating the front and rear units, community laundry, and a two car garage. Front unit has a lease through Summer of 2024 and rear is month-to-month. The property is being sold as-is.

This duplex is being offered for sale individually, or with the truly unique opportunity to purchase the neighboring duplex at 705 Narcissus at the same time! Our firm has both properties listed for sale so please call to discuss this option.

From a re-development perspective, the subject property is an ideal candidate for redevelopment individually or simultaneously with neighboring 705 Narcissus. 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.

Location

State CA

County Orange

Area Cs - Corona Del Mar - Spyglass

Interior

Cooling None

Fireplaces Type Living Room

Laundry Common Area

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Gutter(s), Sidewalks

View Y/N No

View None

Building

Lot Description Front Yard, Garden, Landscaped

Story 2

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Newport Mesa Unified

Others

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by James Vanar • Anchor West Properties, Inc. • 949-392-3242
Bought with Amy Hardy • Berkshire Hathaway HomeService

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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