$3,295,000
705 Orchid Avenue Corona Del Mar (newport Beach), CA 92625
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Listed by James Vanar • Anchor West Properties, Inc.
$3,295,000
Est. payment /mo
5 BD
5 BA
2,967 SqFt
Active
705 Orchid Avenue Corona Del Mar (newport Beach), CA 92625
UPDATED:
09/26/2024 09:00 PM
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Duet
Listing Status Active
Purchase Type For Sale
Square Footage 2,967 sqft
Price per Sqft $1,110
MLS Listing ID CROC24196512
Bedrooms 5
Full Baths 5
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1969
Lot Size 3,385 Sqft
Property Description
Welcome to the gorgeous seaside community of Corona Del Mar! World class shopping, entertainment & dining, coupled with beautiful weather all year 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: A 3 bedroom 3 bathroom in the picture-perfect front cottage, and 2 bedrooms & 2 bathrooms in the rear unit. The property has a two car garage, a lovely central courtyard separating the front and rear units, and community laundry in the garage (separate hookups for each unit). 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.
Location
State CA
County Orange
Interior
Cooling None
Fireplaces Type Family Room
Fireplace Yes
Laundry In Garage
Exterior
Garage Spaces 2.0
Pool None
View None
Parking Type Detached
Private Pool false
Building
Lot Description Landscape Misc
Story 2
Water Public
Schools
School District Newport-Mesa Unified
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