505 & 505 .5 Acacia Avenue, Corona Del Mar, CA 92625
- $3,670,000
- Sold Price
- $3,670,000
- List Price
- $3,850,000
- Closing Date
- Jan 31, 2025
- Status
- CLOSED
- MLS#
- NP24253271
- Year Built
- 1968
- Lot Size
- 3,611
- Acres
- 0.08
- Lot Location
- Near Park, Near Public Transit, Rectangular Lot, Street Level, Walkstreet
- Days on Market
- 16
- Property Type
- Multifamily
- Style
- Traditional, Patio Home
- Property Sub Type
- Duplex
- Stories
- Two Levels
- Neighborhood
- Corona Del Mar South Of Pch (Cdms)
Property Description
Charming Rare South of Highway Duplex on one of the best and prettiest streets in the Village! Presenting a unique and exceptional Residential Income R2 opportunity in the heart of Corona Del Mar village, where coastal living seamlessly blends with strong investment potential. Both units are 1600 sq ft, with a Living Room, Family room, Kitchen with Breakfast Bar, Powder, and Laundry down and three bedrooms upstairs (one ensuite) and two baths, primary and one bedroom in each with walk-in closets. Rear unit even has another balcony off of the primary suite, complete with workspace/exercise area/sitting area too! Super clean with excellent tenants, whose leases run until 8/25 for the front and 6/25 for the rear. Loads of outdoor space - inviting enclosed brick front patio, balcony, and a generous side patio for each unit. With its excellent walkability, residents can easily explore the village’s renowned beaches, restaurants, top-rated schools, shopping, scenic hiking trails, and nearby golf courses. Whether you’re considering redevelopment or looking to enhance the cash flow of a valuable investment, this property offers all the options. This is an excellent opportunity to own a piece of coveted Corona Del Mar real estate—a combination of the beauty of our coast and excellent investment potential.
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Additional Information
- Appliances
- Dishwasher, Electric Oven, Electric Range, Microwave, Water Heater
- Pool Description
- None
- Fireplace Description
- Family Room, Gas Starter, Living Room
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- Neighborhood
- Exterior Construction
- Stucco
- Roof
- Composition
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Ceiling Fan(s), Laminate Counters, Living Room Deck Attached, Unfurnished, All Bedrooms Up, Primary Suite, Walk-In Closet(s)
- Attached Structure
- Attached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $141,600
Listing courtesy of Listing Agent: Brenda McCroskey (brenda.mccroskey@compass.com) from Listing Office: Compass.
Listing sold by Dar Mardan from Pacific Sotheby's Int'l Realty
Mortgage Calculator
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