613 Marigold Avenue, Corona Del Mar, CA 92625
- $3,150,000
- 6
- BD
- 4
- BA
- 2,900
- SqFt
- Sold Price
- $3,150,000
- List Price
- $3,195,000
- Closing Date
- Jul 12, 2024
- Status
- CLOSED
- MLS#
- OC24117204
- Year Built
- 1973
- Bedrooms
- 6
- Bathrooms
- 4
- Living Sq. Ft
- 2,900
- Lot Size
- 3,489
- Acres
- 0.08
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 29
- Property Type
- Single Family Residential
- Property Sub Type
- Duplex
- Stories
- Two Levels
- Neighborhood
- Corona Del Mar North Of Pch (Cnhw)
Property Description
Welcome to 613 Marigold Avenue, a charming duplex built in 1973 that’s nestled in the heart of Corona del Mar's vibrant Village. PRIME LOCATION: Situated on a much-sought-after, quiet, tree-lined street with excellent walkability, just a few short blocks to downtown Corona del Mar and the beach. SPACIOUS LIVING: Both units are mirror images of each other, featuring 3 spacious bedrooms and 3 bathrooms. Each unit is filled with plenty of natural light, beamed ceilings and fireplaces in the family rooms, and cathedral ceilings in all bedrooms. FRONT UNIT: Double-wide French doors in the family room seamlessly blend indoor and outdoor spaces, leading to a fenced-off private courtyard that’s perfect for entertaining and breathing in the ocean breeze. BACK UNIT: Features an expansive rooftop deck over the garage, facing west to capture those beautiful sunsets and cotton-candy skies. INVESTORS: This exceptional property is competitively priced...and offers an array of possibilities; whether you're looking to redevelop into two condos, enjoy one unit while renting out the other, or simply invest in a prime coastal location. It’s a perfect “hybrid property” giving the investor the option to renovate now and rent out each unit between $6K-$8K per month, depending on the extent of the remodel. Proforma setup showing 4% cap rate is available upon request. Alternatively, it may be more suitable to tear-down and rebuild sometime in the future allowing for a bigger payout to the investor…ideally if/when interest rates, labor & material costs decline. NOTE: This duplex is being offered for sale as-is and represents a rare gem in a highly desirable location. Don't miss this opportunity to own a piece of coastal luxury in Corona del Mar. Contact us today to explore the potential of this versatile property! Showings will be scheduled with qualified offers by appointment only. Please do not disturb tenants.
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Additional Information
- Appliances
- Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Water Heater, Microwave, Water Heater
- Pool Description
- None
- Fireplace Description
- Electric, Family Room
- Heat
- Forced Air, Fireplace(s)
- Cooling Description
- None
- View
- None
- Patio
- Front Porch, Rooftop
- Roof
- Composition
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- School District
- Newport Mesa Unified
- Elementary School
- Harbor View
- Middle School
- Corona Del Mar
- High School
- Corona Del Mar
- Interior Features
- Beamed Ceilings, Ceiling Fan(s), Cathedral Ceiling(s), Granite Counters, Tile Counters, All Bedrooms Up
- Attached Structure
- Attached
- Number Of Units Total
- 2
Listing courtesy of Listing Agent: Ramzi Ataya (ramzi@theramziteam.com) from Listing Office: Engel & Voelkers Newport Beach.
Listing sold by Ramzi Ataya from Engel & Voelkers Newport Beach
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.