Corona Del Mar, CA 92625,613 Marigold AVE
Corona Del Mar, CA 92625,613 Marigold AVE
Corona Del Mar, CA 92625,613 Marigold AVE
Corona Del Mar, CA 92625,613 Marigold AVE
Corona Del Mar, CA 92625,613 Marigold AVE
Corona Del Mar, CA 92625,613 Marigold AVE
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$3,150,000

$3,195,000

1.4%
Est.Price: ?

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Est. payment /mo

6 Beds

4 Baths

2,900 SqFt


SOLD DATE : 07/12/2024

Key Details

Sold Price $3,150,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,900 sqft

Price per Sqft $1,086

Subdivision Corona Del Mar North Of Pch (Cnhw)

MLS Listing ID OC24117204

Sold Date 07/12/24

Bedrooms 6

Full Baths 2

Half Baths 2

HOA Y/N No

Year Built 1973

Lot Size 3,489 Sqft

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.

Location

State CA

County Orange

Area Cs - Corona Del Mar - Spyglass

Interior

Interior Features Beamed Ceilings, Ceiling Fan(s), Cathedral Ceiling(s), Granite Counters, Tile Counters, All Bedrooms Up

Heating Forced Air, Fireplace(s)

Cooling None

Fireplaces Type Electric, Family Room

Fireplace Yes

Appliance Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Water Heater, Microwave, Water Heater

Laundry Washer Hookup, Gas Dryer Hookup, In Garage

Exterior

Parking Features Garage, On Street

Garage Spaces 2.0

Garage Description 2.0

Fence Vinyl, Wood

Pool None

Community Features Curbs, Storm Drain(s), Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Composition

Porch Front Porch, Rooftop

Attached Garage No

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

Elementary Schools Harbor View

Middle Schools Corona Del Mar

High Schools Corona Del Mar

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 45906417

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Financing Cash,Trade

Special Listing Condition Standard, Trust

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California Regional MLS (CRMLS)
Listed by Ramzi Ataya • Engel & Voelkers Newport Beach • 714.404.0606
Bought with Ramzi Ataya • Engel & Voelkers Newport Beach

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